Company: MGY
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001558370-25-003377
Chunk: 48

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 48
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| ​                                       | Mr. Stavros | Mr. Corales | Mr. Yang |   |
| Qualitative Assessment (Weighted Score) | 25%         | 25%         | 25%      |   |
| Quantitative Metrics (Weighted Score)   | 65%         | 65%         | 65%      |   |
| Total Funding Result                    | 90%         | 90%         | 90%      |   |

The Compensation Committee ultimately approved payouts under the 2024 Bonus Program equal to each Named Executive Officer’s total annual bonus opportunity multiplied by the “Total Funding Result” specified for that officer in the table above. The actual amounts paid to our Named Executive Officers with respect to the 2024 Bonus Program are disclosed in the Summary Compensation Table in the “Non-Equity Incentive Plan Compensation” column for 2024. Long Term Equity-Based Compensation Equity Grant Practices The Company maintains the Long Term Incentive Plan, which allows us to grant equity-based awards to employees and directors. Since the Company’s inception, we have not granted any option awards to any Named Executive Officer, employee, or director. The Company’s long-standing practice has been to grant our Named Executive Officers long term equity-based incentive awards under the Long Term Incentive Plan on a predetermined schedule, typically each February at the Compensation Committee’s first meeting of any new fiscal year. The Compensation Committee determines the amount of these awards, as well as the mix of time- and performance-based awards. The Compensation Committee does not take material nonpublic information into account when determining the timing and terms of equity awards, and Magnolia does not timethe disclosure of material nonpublic information for the purpose of affecting the valueof executive compensation. Equity Awards Granted in 2024 In February 2024, the Compensation Committee approved annual long term equity-based compensation awards for the 2024 fiscal year, with the same award mix as in 2023. Each Named Executive Officer received approximately 50 percent of such awards in the form of time-based RSUs vesting pro-rata over three years, and approximately 50 percent of such awards in the form of PSUs that are subject to a relative TSR performance metric. The awards granted to our Named Executive Officers in 2024 are set forth in the following table:

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| Magnolia Oil & Gas | 42 | 2025 Proxy Statement |

Compensation Discussion and Analysis

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