Matador Resources Company (MTDR) Proxy filing summary

Executive summary

• Amendment corrects the peer group table for 2025 Long-Term Incentive Compensation used in assessing relative total shareholder return for PSU grants.

• The corrected peer group includes APA Resources Corp., Chord Energy Corporation, Civitas Resources Inc., Coterra Energy Inc., Devon Energy Corp., Magnolia Oil & Gas Corp., Murphy Oil Corp., Ovintiv Inc., Permian Resources Corp., SM Energy Co., and SPDR S&P Oil & Gas Exp & Pr (XOP).

• No other information or disclosures in the original proxy statement are modified by this amendment.

Voting matters and shareholder proposals

• Shareholders who have already voted do not need to take action due to this amendment, but may change or revoke their vote before the proxy is exercised.

• Shareholders who have not yet voted are encouraged to do so, with instructions provided in the original proxy statement.

Executive compensation and say-on-pay

• The amendment specifically updates the peer group used for benchmarking total shareholder return in the 2025 PSU grants under executive compensation.