Company: MGY
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001558370-25-003377
Chunk: 19

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 19
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 independent directors according to the rules and regulations of the SEC with respect to audit committee membership. The Board has also determined that each of Messrs. Khani, Larson, Ropp, and Smith qualifies as an “audit committee financial expert,” as such term is defined in Item 407(d)(5)(ii) of Regulation S-K.

|                              | ​ |                                                                                                                    | ​ |                  |
| Compensation Committee       |   |                                                                                                                    |   |                  |
| Members                      |   | Primary Responsibilities                                                                                           |   | Meetings in 2024 |
| ■Edward P. Djerejian (Chair) 
 ■Arcilia C. Acosta           
 ■Dan F. Smith                | ​ | ◾Determining and approving the compensation of executive officers;                                                 
 ◾Reviewing and approving incentive compensation and equity compensation policies and programs; and                 
 ◾Planning for Chief Executive Officer and management succession and guiding and overseeing management development. | ​ |                2 |

For additional information regarding our processes and procedures for the consideration and determination of executive and director compensation, please see “Director Compensation” and “Compensation Discussion and Analysis” in this proxy statement. Subject to applicable laws and rules, the Compensation Committee may delegate its responsibilities to a subcommittee solely comprised of one or more members of the Compensation Committee or, with respect to the administration of the Company’s incentive compensation and equity-based compensation plans, to management.

| ​                  |  ​ | ​                    |
| Magnolia Oil & Gas | 19 | 2025 Proxy Statement |

Corporate Governance

Under the NYSE listing standards, the Company is required to have a Compensation Committee, all members of which must be independent. Currently, the Compensation Committee consists of Ms. Acosta and Messrs. Djerejian and Smith, with Mr. Djerejian serving as the chair. The Board has determined that Ms. Acosta and Messrs. Djerejian and Smith qualify as independent directors according to applicable NYSE rules and regulations with respect to compensation committee membership and as non-employee directors for purposes of Rule 16b-3 of the Exchange Act. Compensation Committee Interlocks and Insider Participation. For the 2024 fiscal year, the Compensation Committee consisted of Ms. Acosta and Messrs. Djerejian and Smith. No member of the Compensation Committee is or has been an executive officer of Magnolia, was an employee of Magnolia during the last fiscal year or as of the date of this proxy statement, or is serving or has served as an executive officer of