0001520006 2024-01-01 2024-12-31 0001520006 2023-01-01 2023-12-31 0001520006 2022-01-01 2022-12-31 0001520006 2021-01-01 2021-12-31 0001520006 2020-01-01 2020-12-31 0001520006 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001520006 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2024-01-01 2024-12-31 0001520006 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2024-01-01 2024-12-31 0001520006 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001520006 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001520006 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001520006 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001520006 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001520006 2 2024-01-01 2024-12-31 0001520006 1 2024-01-01 2024-12-31 0001520006 3 2024-01-01 2024-12-31 0001520006 4 2024-01-01 2024-12-31 0001520006 5 2024-01-01 2024-12-31 iso4217:USD false 0001520006 DEF 14A Matador Resources Company true <span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">The Independent Board generally grants annual equity awards to executive officers at its regularly scheduled meeting <span style="display: inline-block; height: 7.28pt;"></span></span><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 325.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">each February. Awards to non-executive employees are typically granted during the first half of the year. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 497.22pt; position: var(--position); text-decoration: none; white-space: pre;"> Although the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 337.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Company did not grant stock options or stock appreciation rights in 2024, eligible employees may enroll to purchase <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 349.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">shares of the Company’s Common Stock under the terms of the Matador Resources Company 2022 Employee Stock <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 361.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Purchase Plan (the “ESPP”), with purchase dates generally in June and December of each year. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 464.26pt; position: var(--position); text-decoration: none; white-space: pre;">In special circumstances, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 373.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">including the hiring or promotion of an individual or where it is otherwise determined to be in the Company’s best interest, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 385.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">the Company may approve grants to be effective at other times. The Company may change its equity grant practices in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 397.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">the future.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 80.97999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> The Company <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 149.12pt; position: var(--position); text-decoration: none; white-space: pre;">does not approve grants in anticipation of the release of material nonpublic information and does <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 409.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">not time<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 71.53999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.<span style="display: inline-block; height: 7.28pt;"></span></span></div> <span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">The Independent Board generally grants annual equity awards to executive officers at its regularly scheduled meeting <span style="display: inline-block; height: 7.28pt;"></span></span><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 325.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">each February. Awards to non-executive employees are typically granted during the first half of the year. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 497.22pt; position: var(--position); text-decoration: none; white-space: pre;"> Although the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 337.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Company did not grant stock options or stock appreciation rights in 2024, eligible employees may enroll to purchase <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 349.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">shares of the Company’s Common Stock under the terms of the Matador Resources Company 2022 Employee Stock <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 361.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Purchase Plan (the “ESPP”), with purchase dates generally in June and December of each year. <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 464.26pt; position: var(--position); text-decoration: none; white-space: pre;">In special circumstances, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 373.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">including the hiring or promotion of an individual or where it is otherwise determined to be in the Company’s best interest, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 385.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">the Company may approve grants to be effective at other times. The Company may change its equity grant practices in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 397.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">the future.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 80.97999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> The Company <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 149.12pt; position: var(--position); text-decoration: none; white-space: pre;">does not approve grants in anticipation of the release of material nonpublic information and does <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 409.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">not time<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 71.53999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.<span style="display: inline-block; height: 7.28pt;"></span></span></div> true <span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 464.26pt; position: var(--position); text-decoration: none; white-space: pre;">In special circumstances, <span style="display: inline-block; height: 7.28pt;"></span></span><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 373.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">including the hiring or promotion of an individual or where it is otherwise determined to be in the Company’s best interest, <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 385.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">the Company may approve grants to be effective at other times. The Company may change its equity grant practices in <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 397.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">the future.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 80.97999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> The Company <span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 149.12pt; position: var(--position); text-decoration: none; white-space: pre;">does not approve grants in anticipation of the release of material nonpublic information and does <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 409.8pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">not time<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 71.53999999999999pt; position: var(--position); text-decoration: none; white-space: pre;"> the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.<span style="display: inline-block; height: 7.28pt;"></span></span></div> false false <div style="font-size: 0pt; left: 36pt; position: var(--position); top: 0pt; width: 540pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 96pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 55.5pt;"></td></tr><tr style="height: 38.25pt;"><td colspan="1" rowspan="2" style="background-color: #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 96pt;"><div><div style="line-height: 8pt; position: var(--position); top: 79.75pt; width: 96pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 35.16pt; position: var(--position); text-decoration: none; white-space: pre;">Year (a)<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="2" style="background-color: #00548b; border-bottom: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 96pt; position: var(--position); top: 0pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 15.91pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 11.93pt; position: var(--position); text-decoration: none; white-space: pre;">Summary <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 26.55pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 3.71pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 37.19pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 3.56pt; position: var(--position); text-decoration: none; white-space: pre;">Table Total for <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 47.83pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 13.33pt; position: var(--position); text-decoration: none; white-space: pre;">Principal <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 58.47pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 11.87pt; position: var(--position); text-decoration: none; white-space: pre;">Executive <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 69.11pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 16.43pt; position: var(--position); text-decoration: none; white-space: pre;">Officer <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 79.75pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 6.85pt; position: var(--position); text-decoration: none; white-space: pre;">(“PEO”)<span style="display: inline-block; height: 6pt;"></span></span><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 32.35pt; position: var(--position); text-decoration: none; top: -2.0999999999999996pt; vertical-align: super; white-space: pre;">(1) <span style="display: inline-block; height: 3.9000000000000004pt;"></span></span><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 39.370000000000005pt; position: var(--position); text-decoration: none; white-space: pre;">(b)<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="2" style="background-color: #00548b; border-bottom: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 0pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 50.95pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 3.71pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 60.55pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 6.19pt; position: var(--position); text-decoration: none; white-space: pre;">Actually Paid <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 70.15pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 13.61pt; position: var(--position); text-decoration: none; white-space: pre;">to PEO<span style="display: inline-block; height: 6pt;"></span></span><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 36.04pt; position: var(--position); text-decoration: none; top: -2.0999999999999996pt; vertical-align: super; white-space: pre;">(2)<span style="display: inline-block; height: 3.9000000000000004pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 79.75pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 23.59pt; position: var(--position); text-decoration: none; white-space: pre;">(c)<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="2" style="background-color: #00548b; border-bottom: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 207pt; position: var(--position); top: 0pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 2.95pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 14.13pt; position: var(--position); text-decoration: none; white-space: pre;">Average <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 12.55pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 11.93pt; position: var(--position); text-decoration: none; white-space: pre;">Summary <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 22.15pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 3.71pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 31.75pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 3.56pt; position: var(--position); text-decoration: none; white-space: pre;">Table Total for <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 41.35pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 12.82pt; position: var(--position); text-decoration: none; white-space: pre;">Non-PEO <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.95pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 15.74pt; position: var(--position); text-decoration: none; white-space: pre;">Named <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 60.55pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 11.87pt; position: var(--position); text-decoration: none; white-space: pre;">Executive <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 70.15pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 11.91pt; position: var(--position); text-decoration: none; white-space: pre;">Officers<span style="display: inline-block; height: 6pt;"></span></span><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 37.730000000000004pt; position: var(--position); text-decoration: none; top: -2.0999999999999996pt; vertical-align: super; white-space: pre;">(3)<span style="display: inline-block; height: 3.9000000000000004pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 79.75pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 23.11pt; position: var(--position); text-decoration: none; white-space: pre;">(d)<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="2" style="background-color: #00548b; border-bottom: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 0pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 12.55pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 14.13pt; position: var(--position); text-decoration: none; white-space: pre;">Average <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 22.15pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 3.71pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 31.75pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 6.19pt; position: var(--position); text-decoration: none; white-space: pre;">Actually Paid <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 41.35pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 8.39pt; position: var(--position); text-decoration: none; white-space: pre;">to Non-PEO <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 50.95pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 15.74pt; position: var(--position); text-decoration: none; white-space: pre;">Named <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 60.55pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 11.87pt; position: var(--position); text-decoration: none; white-space: pre;">Executive <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 70.15pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 11.91pt; position: var(--position); text-decoration: none; white-space: pre;">Officers<span style="display: inline-block; height: 6pt;"></span></span><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 37.730000000000004pt; position: var(--position); text-decoration: none; top: -2.0999999999999996pt; vertical-align: super; white-space: pre;">(4)<span style="display: inline-block; height: 3.9000000000000004pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 79.75pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 23.25pt; position: var(--position); text-decoration: none; white-space: pre;">(e)<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="2" rowspan="1" style="background-color: #00548b; border-bottom: 1pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 318pt; position: var(--position); top: 0pt; width: 111pt;"><div><div style="line-height: 8pt; position: var(--position); top: 19.15pt; width: 111pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 12.6pt; position: var(--position); text-decoration: none; white-space: pre;">Value of Initial Fixed $100 <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 28.75pt; width: 111pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 18.91pt; position: var(--position); text-decoration: none; white-space: pre;">Investment Based On:<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="2" style="background-color: #00548b; border-bottom: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 429pt; position: var(--position); top: 0pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 60.55pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 8.53pt; position: var(--position); text-decoration: none; white-space: pre;">Net Income <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 70.15pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 5.06pt; position: var(--position); text-decoration: none; white-space: pre;">(thousands)<span style="display: inline-block; height: 6pt;"></span></span><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 44.59pt; position: var(--position); text-decoration: none; top: -2.0999999999999996pt; vertical-align: super; white-space: pre;">(7)<span style="display: inline-block; height: 3.9000000000000004pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 79.75pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 23.11pt; position: var(--position); text-decoration: none; white-space: pre;">(h)<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="2" style="background-color: #00548b; border-bottom: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 484.5pt; position: var(--position); top: 0pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 60.55pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 8.02pt; position: var(--position); text-decoration: none; white-space: pre;">Adj. EBITDA <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 70.15pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 5.06pt; position: var(--position); text-decoration: none; white-space: pre;">(thousands)<span style="display: inline-block; height: 6pt;"></span></span><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 44.59pt; position: var(--position); text-decoration: none; top: -2.0999999999999996pt; vertical-align: super; white-space: pre;">(8)<span style="display: inline-block; height: 3.9000000000000004pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 79.75pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 24.28pt; position: var(--position); text-decoration: none; white-space: pre;">(i)<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 51pt;"><td colspan="1" rowspan="1" style="background-color: #00548b; border-bottom: 0.5pt solid #00548b; border-top: 1pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 318pt; position: var(--position); top: 38.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 12.7pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 19.28pt; position: var(--position); text-decoration: none; white-space: pre;">Total <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 22.3pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 7.46pt; position: var(--position); text-decoration: none; white-space: pre;">Shareholder <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 31.9pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 13.47pt; position: var(--position); text-decoration: none; white-space: pre;">Return<span style="display: inline-block; height: 6pt;"></span></span><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 36.18pt; position: var(--position); text-decoration: none; top: -2.0999999999999996pt; vertical-align: super; white-space: pre;">(5)<span style="display: inline-block; height: 3.9000000000000004pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 41.5pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 23.99pt; position: var(--position); text-decoration: none; white-space: pre;">(f)<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #00548b; border-bottom: 0.5pt solid #00548b; border-top: 1pt solid #ffffff; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 373.5pt; position: var(--position); top: 38.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.1pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 8.88pt; position: var(--position); text-decoration: none; white-space: pre;">Peer Group <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 12.7pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 19.28pt; position: var(--position); text-decoration: none; white-space: pre;">Total <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 22.3pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 7.46pt; position: var(--position); text-decoration: none; white-space: pre;">Shareholder <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 31.9pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 13.47pt; position: var(--position); text-decoration: none; white-space: pre;">Return<span style="display: inline-block; height: 6pt;"></span></span><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 5.2pt; font-style: normal; font-weight: bold; left: 36.18pt; position: var(--position); text-decoration: none; top: -2.0999999999999996pt; vertical-align: super; white-space: pre;">(6)<span style="display: inline-block; height: 3.9000000000000004pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 41.5pt; width: 55.5pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 23.36pt; position: var(--position); text-decoration: none; white-space: pre;">(g)<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 89.25pt; width: 96pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 96pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 96pt; position: var(--position); top: 89.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$8,437,049<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 89.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$9,339,737<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 207pt; position: var(--position); top: 89.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$4,066,175<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 89.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$4,385,440<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 318pt; position: var(--position); top: 89.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 15.53pt; position: var(--position); text-decoration: none; white-space: pre;">$320.30<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 373.5pt; position: var(--position); top: 89.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 15.53pt; position: var(--position); text-decoration: none; white-space: pre;">$192.16<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 429pt; position: var(--position); top: 89.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 13.52pt; position: var(--position); text-decoration: none; white-space: pre;">$885,322<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 484.5pt; position: var(--position); top: 89.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$2,298,777<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 102pt; width: 96pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 96pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 96pt; position: var(--position); top: 102pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$8,056,599<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 102pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$7,633,074<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 207pt; position: var(--position); top: 102pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$3,542,613<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 102pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$3,274,057<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 318pt; position: var(--position); top: 102pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 15.53pt; position: var(--position); text-decoration: none; white-space: pre;">$323.31<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 373.5pt; position: var(--position); top: 102pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 15.53pt; position: var(--position); text-decoration: none; white-space: pre;">$208.67<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 429pt; position: var(--position); top: 102pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 13.52pt; position: var(--position); text-decoration: none; white-space: pre;">$846,074<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 484.5pt; position: var(--position); top: 102pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$1,849,547<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 114.75pt; width: 96pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 96pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 96pt; position: var(--position); top: 114.75pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$8,951,318<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 114.75pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.47pt; position: var(--position); text-decoration: none; white-space: pre;">$21,872,248<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 207pt; position: var(--position); top: 114.75pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$3,126,314<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 114.75pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$7,943,940<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 318pt; position: var(--position); top: 114.75pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 15.53pt; position: var(--position); text-decoration: none; white-space: pre;">$321.55<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 373.5pt; position: var(--position); top: 114.75pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 15.53pt; position: var(--position); text-decoration: none; white-space: pre;">$196.87<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 429pt; position: var(--position); top: 114.75pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$1,214,206<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 484.5pt; position: var(--position); top: 114.75pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$2,127,156<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 127.5pt; width: 96pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 96pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2021<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 96pt; position: var(--position); top: 127.5pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$9,057,189<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 127.5pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.47pt; position: var(--position); text-decoration: none; white-space: pre;">$27,355,621<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 207pt; position: var(--position); top: 127.5pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$4,310,734<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 127.5pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.47pt; position: var(--position); text-decoration: none; white-space: pre;">$12,883,431<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 318pt; position: var(--position); top: 127.5pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 15.53pt; position: var(--position); text-decoration: none; white-space: pre;">$206.28<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 373.5pt; position: var(--position); top: 127.5pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 15.53pt; position: var(--position); text-decoration: none; white-space: pre;">$140.32<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 429pt; position: var(--position); top: 127.5pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 13.52pt; position: var(--position); text-decoration: none; white-space: pre;">$584,968<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 484.5pt; position: var(--position); top: 127.5pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$1,051,973<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 140.25pt; width: 96pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 96pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 2.63pt; position: var(--position); text-decoration: none; white-space: pre;">2020<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 96pt; position: var(--position); top: 140.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$1,689,547<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 151.5pt; position: var(--position); top: 140.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$4,092,405<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 207pt; position: var(--position); top: 140.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 13.52pt; position: var(--position); text-decoration: none; white-space: pre;">$923,071<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 262.5pt; position: var(--position); top: 140.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 10.5pt; position: var(--position); text-decoration: none; white-space: pre;">$2,032,796<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 318pt; position: var(--position); top: 140.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 17.56pt; position: var(--position); text-decoration: none; white-space: pre;">$67.11<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 373.5pt; position: var(--position); top: 140.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 15.53pt; position: var(--position); text-decoration: none; white-space: pre;">$102.23<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 429pt; position: var(--position); top: 140.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 11.1pt; position: var(--position); text-decoration: none; white-space: pre;">$(593,205)<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 484.5pt; position: var(--position); top: 140.25pt; width: 55.5pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 55.5pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 13.52pt; position: var(--position); text-decoration: none; white-space: pre;">$519,277<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr></tbody></table></div></div> 8437049 9339737 4066175 4385440 320.30 192.16 885322000 2298777000 8056599 7633074 3542613 3274057 323.31 208.67 846074000 1849547000 8951318 21872248 3126314 7943940 321.55 196.87 1214206000 2127156000 9057189 27355621 4310734 12883431 206.28 140.32 584968000 1051973000 1689547 4092405 923071 2032796 67.11 102.23 -593205000 519277000 <span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 56.06pt; position: var(--position); text-decoration: none; white-space: pre;">The dollar amounts reported in column (b) are the amounts reported for <span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 310.42pt; position: var(--position); text-decoration: none; white-space: pre;">Mr. Foran<span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 344.6pt; position: var(--position); text-decoration: none; white-space: pre;"> for each of the corresponding years in the “Total”<span style="display: inline-block; height: 5.82pt;"></span></span><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 325.73pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 58pt; position: var(--position); text-decoration: none; white-space: pre;">column of the Summary Compensation Table. See “Executive Compensation—Summary Compensation Table”.<span style="display: inline-block; height: 5.82pt;"></span></span></div><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 55.06pt; position: var(--position); text-decoration: none; white-space: pre;">Total Shareholder Return is calculated by dividing (a) the sum of (i) the cumulative amount of dividends for the measurement period, assuming <span style="display: inline-block; height: 5.82pt;"></span></span><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 185.35pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 57pt; position: var(--position); text-decoration: none; white-space: pre;">dividend reinvestment, and (ii) the difference between the Company’s share price at the end of each fiscal year shown and the beginning of the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 194.95pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 57pt; position: var(--position); text-decoration: none; white-space: pre;">measurement period by (b) the Company’s share price at the beginning of the measurement period. The beginning of the measurement period <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 204.55pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 57pt; position: var(--position); text-decoration: none; white-space: pre;">for each year in the table is December 31, 2019.<span style="display: inline-block; height: 5.82pt;"></span></span></div><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 55.06pt; position: var(--position); text-decoration: none; white-space: pre;">The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the <span style="display: inline-block; height: 5.82pt;"></span></span><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 234.15pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 57pt; position: var(--position); text-decoration: none; white-space: pre;">applicable year.<span style="display: inline-block; height: 5.82pt;"></span></span></div><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Description of Certain Relationships between Information Presented in the Pay Versus Performance Table<span style="display: inline-block; height: 7.28pt;"></span></span><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 327.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">As described in more detail in the section “Executive Compensation—Compensation Discussion and Analysis,” the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 339.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Company’s executive compensation program reflects a variable pay-for-performance philosophy. While the Company <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 351.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">utilizes several performance measures to align executive compensation with Company performance, all of those <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 363.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Company measures are not presented in the Pay Versus Performance table. Moreover, the Company generally seeks to <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 375.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">incentivize long-term performance, and therefore does not specifically align the Company’s performance measures with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 387.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">compensation that is actually paid (as computed in accordance with SEC rules) for a particular year. In accordance with <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 399.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">SEC rules, the Company is providing the following descriptions of the relationships between information presented in the <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 411.75pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Pay Versus Performance table.<span style="display: inline-block; height: 7.28pt;"></span></span></div><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: italic; font-weight: bold; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Financial Performance Measures <span style="display: inline-block; height: 7.28pt;"></span></span><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 377.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">As described in greater detail under “Executive Compensation—Compensation Discussion and Analysis,” the Company’s <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 389.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">executive compensation program reflects a variable pay-for-performance philosophy. The metrics that the Company uses <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 401.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">for both our long-term and short-term incentive awards are selected based on an objective of incentivizing our Named <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 413.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Executive Officers to increase the value of our enterprise for our shareholders. The most important financial performance <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 425.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">measures used by the Company to link executive compensation actually paid to the Company’s Named Executive <span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 437.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 36pt; position: var(--position); text-decoration: none; white-space: pre;">Officers, for the most recently completed fiscal year, to the Company’s performance are as follows:<span style="display: inline-block; height: 7.28pt;"></span></span></div> Mr. Foran <span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 56.06pt; position: var(--position); text-decoration: none; white-space: pre;">The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Foran, as computed in accordance with <span style="display: inline-block; height: 5.82pt;"></span></span><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 345.73pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 58pt; position: var(--position); text-decoration: none; white-space: pre;">Item 402(v) of Regulation S-K, and do not reflect the total compensation actually realized or received by Mr. Foran. These amounts reflect the <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 355.33pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 58pt; position: var(--position); text-decoration: none; white-space: pre;">amounts included in the “Total” column of the Summary Compensation Table for each year, adjusted in accordance with these rules as shown <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 364.93pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 58pt; position: var(--position); text-decoration: none; white-space: pre;">below for <span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 92.62pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 110.38pt; position: var(--position); text-decoration: none; white-space: pre;">. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 374.53pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 58pt; position: var(--position); text-decoration: none; white-space: pre;">values did not materially differ from those disclosed at the time of grant.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="position: var(--position); top: 396.13pt; width: 612pt;"><div style="font-size: 0pt; left: 135pt; position: var(--position); top: 0pt; width: 342pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 276pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 66pt;"></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #00548b; border-bottom: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 276pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 276pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 79.38pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation Actually Paid to PEO<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #00548b; border-bottom: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 0pt; width: 66pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 66pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 24.9pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12.75pt; width: 276pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">Summary Compensation Table Total<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 12.75pt; width: 66pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 66pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 15.75pt; position: var(--position); text-decoration: none; white-space: pre;">$8,437,049<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 25.5pt; width: 276pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">Less, value of “Stock Awards” reported in Summary Compensation Table<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 25.5pt; width: 66pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 66pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 13.33pt; position: var(--position); text-decoration: none; white-space: pre;">$(3,010,300)<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 38.25pt; width: 276pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.11pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">Plus, year-end fair value of outstanding and unvested equity awards granted in <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 13.75pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">the year<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 38.25pt; width: 66pt;"><div><div style="line-height: 8pt; position: var(--position); top: 13.75pt; width: 66pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 15.75pt; position: var(--position); text-decoration: none; white-space: pre;">$3,055,200<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 61.5pt; width: 276pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.11pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">Plus (less), year over year change in fair value of outstanding and unvested equity <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 13.75pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">awards granted in prior years<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 61.5pt; width: 66pt;"><div><div style="line-height: 8pt; position: var(--position); top: 13.75pt; width: 66pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 16.35pt; position: var(--position); text-decoration: none; white-space: pre;">$(135,887)<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 84.75pt; width: 276pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.11pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">Plus (less), change in fair value from prior year-end to vesting date of equity <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 13.75pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">awards granted in prior years that vested in the year<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 84.75pt; width: 66pt;"><div><div style="line-height: 8pt; position: var(--position); top: 13.75pt; width: 66pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 18.77pt; position: var(--position); text-decoration: none; white-space: pre;">$993,675<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 276pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 276pt;"><span style="color: #00548b; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 14.63pt; position: var(--position); text-decoration: none; white-space: pre;">Compensation Actually Paid to PEO<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 108pt; width: 66pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 66pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 15.68pt; position: var(--position); text-decoration: none; white-space: pre;">$9,339,737<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div> 8437049 -3010300 3055200 -135887 993675 9339737 <span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 56.06pt; position: var(--position); text-decoration: none; white-space: pre;">The dollar amounts reported in column (d) represent the average of the amounts reported for the Named Executive Officers as a group (excluding <span style="display: inline-block; height: 5.82pt;"></span></span><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 542.84pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 58pt; position: var(--position); text-decoration: none; white-space: pre;">Mr. Foran) in the “Total” column of the Summary Compensation Table in each applicable year. Each of the Named Executive Officers included for <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 551.8pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 58pt; position: var(--position); text-decoration: none; white-space: pre;">these purposes (the “Non-PEO Named Executive Officers”)  in each applicable year are as follows: (i) for <span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 429.89pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 447.65pt; position: var(--position); text-decoration: none; white-space: pre;">, Messrs. Singleton, Willey, Krug <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 560.76pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 58pt; position: var(--position); text-decoration: none; white-space: pre;">and Erman; (ii) for <span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 124.13pt; position: var(--position); text-decoration: none; white-space: pre;">2023<span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 141.89pt; position: var(--position); text-decoration: none; white-space: pre;">, Messrs. Singleton, Willey, Billy E. Goodwin, Craig N. Adams and Michael D. Frenzel; (iii) for <span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 471.11pt; position: var(--position); text-decoration: none; white-space: pre;">2022<span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 488.87pt; position: var(--position); text-decoration: none; white-space: pre;">, Messrs. Goodwin, <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 569.72pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 58pt; position: var(--position); text-decoration: none; white-space: pre;">Singleton, Adams, Frenzel and David E. Lancaster and (iv) for <span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 279.09000000000003pt; position: var(--position); text-decoration: none; white-space: pre;">2021<span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 296.85pt; position: var(--position); text-decoration: none; white-space: pre;"> and <span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 314.61pt; position: var(--position); text-decoration: none; white-space: pre;">2020<span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 332.37pt; position: var(--position); text-decoration: none; white-space: pre;">, Messrs. Adams, Goodwin, Lancaster and Matthew V. Hairford.<span style="display: inline-block; height: 5.82pt;"></span></span></div> <span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 56.06pt; position: var(--position); text-decoration: none; white-space: pre;">The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the Non-PEO Named Executive <span style="display: inline-block; height: 5.82pt;"></span></span><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 588.28pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 58pt; position: var(--position); text-decoration: none; white-space: pre;">Officers, as computed in accordance with Item 402(v) of Regulation S-K. These amounts reflect the average of the amounts in the “Total” column <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 597.88pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 58pt; position: var(--position); text-decoration: none; white-space: pre;">of the Summary Compensation Table for each year, adjusted in accordance with these rules as shown below for <span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 454.78pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 472.54pt; position: var(--position); text-decoration: none; white-space: pre;">. Equity values are <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 607.48pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 58pt; position: var(--position); text-decoration: none; white-space: pre;">calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 617.08pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 58pt; position: var(--position); text-decoration: none; white-space: pre;">those disclosed at the time of the grant.<span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="position: var(--position); top: 36pt; width: 612pt;"><div style="font-size: 0pt; left: 135pt; position: var(--position); top: 0pt; width: 342pt;"><div><table style="border-collapse: collapse; display: inline-table; width: 100%;"><tbody><tr style="height: 0;"><td colspan="1" rowspan="1" style="padding: 0; width: 276pt;"></td><td colspan="1" rowspan="1" style="padding: 0; width: 66pt;"></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #00548b; border-bottom: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 0pt; width: 276pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 276pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 13.23pt; position: var(--position); text-decoration: none; white-space: pre;">Average Compensation Actually Paid to Non-PEO Named Executive Officers<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #00548b; border-bottom: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 0pt; width: 66pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 66pt;"><span style="color: #ffffff; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 24.9pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 12.75pt; width: 276pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">Average Summary Compensation Table Total<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 12.75pt; width: 66pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 66pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 15.75pt; position: var(--position); text-decoration: none; white-space: pre;">$4,066,175<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 25.5pt; width: 276pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">Less, average value of "Stock Awards" reported in Summary Compensation Table<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 25.5pt; width: 66pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 66pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 13.33pt; position: var(--position); text-decoration: none; white-space: pre;">$(1,505,150)<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 38.25pt; width: 276pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.11pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">Plus, average year-end fair value of outstanding and unvested equity awards <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 13.75pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">granted in the year<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 38.25pt; width: 66pt;"><div><div style="line-height: 8pt; position: var(--position); top: 13.75pt; width: 66pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 15.75pt; position: var(--position); text-decoration: none; white-space: pre;">$1,527,600<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 61.5pt; width: 276pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.11pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">Plus (less), average year over year change in fair value of outstanding and <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 13.75pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">unvested equity awards granted in prior years<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 61.5pt; width: 66pt;"><div><div style="line-height: 8pt; position: var(--position); top: 13.75pt; width: 66pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 18.37pt; position: var(--position); text-decoration: none; white-space: pre;">$(53,698)<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 23.25pt;"><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 84.75pt; width: 276pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.11pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">Plus (less), average change in fair value from prior year-end to vesting date of <span style="display: inline-block; height: 6pt;"></span></span></div><div style="line-height: 8pt; position: var(--position); top: 13.75pt; width: 276pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 8.63pt; position: var(--position); text-decoration: none; white-space: pre;">equity awards granted in prior years that vested in the year<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #e5edf3; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 84.75pt; width: 66pt;"><div><div style="line-height: 8pt; position: var(--position); top: 13.75pt; width: 66pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 18.77pt; position: var(--position); text-decoration: none; white-space: pre;">$350,513<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr><tr style="height: 12.75pt;"><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 0pt; position: var(--position); top: 108pt; width: 276pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 276pt;"><span style="color: #00548b; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 14.63pt; position: var(--position); text-decoration: none; white-space: pre;"> Average Compensation Actually Paid to Non-PEO Named Executive Officers<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td><td colspan="1" rowspan="1" style="background-color: #ffffff; border-bottom: 0.5pt solid #00548b; border-top: 0.5pt solid #00548b; font-size: 0; text-align: left; vertical-align: top;"><div style="left: 276pt; position: var(--position); top: 108pt; width: 66pt;"><div><div style="line-height: 8pt; position: var(--position); top: 3.25pt; width: 66pt;"><span style="color: #000000; font-family: 'Calibri', sans-serif; font-size: 8pt; font-style: normal; font-weight: bold; left: 15.68pt; position: var(--position); text-decoration: none; white-space: pre;">$4,385,440<span style="display: inline-block; height: 6pt;"></span></span></div></div></div></td></tr></tbody></table></div></div></div> 4066175 -1505150 1527600 -53698 350513 4385440 The peer group used for this purpose is the following published industry index: Russell 2000 Energy Index. <span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 55.2pt; position: var(--position); text-decoration: none; white-space: pre;">We determined <span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 111pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted EBITDA<span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 172.72pt; position: var(--position); text-decoration: none; white-space: pre;"> to be the most important financial performance measure used to link Company performance to "compensation <span style="display: inline-block; height: 5.82pt;"></span></span><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 253.35pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 57pt; position: var(--position); text-decoration: none; white-space: pre;">actually paid" to our PEO and Non-PEO Named Executive Officers in <span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 303pt; position: var(--position); text-decoration: none; white-space: pre;">2024<span style="display: inline-block; height: 5.82pt;"></span></span><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 320.76pt; position: var(--position); text-decoration: none; white-space: pre;">. Adjusted EBITDA is a non-GAAP financial measure. For a definition <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 262.95pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 57pt; position: var(--position); text-decoration: none; white-space: pre;">of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to Matador’s net income (loss) and net cash provided by operating activities, see <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 272.55pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 57pt; position: var(--position); text-decoration: none; white-space: pre;">Annex A to this Proxy Statement. This performance measure may not have been the most important financial performance measure for prior <span style="display: inline-block; height: 5.82pt;"></span></span></div><div style="font-size: 12pt; line-height: 8pt; position: var(--position); top: 282.15pt; width: 612pt;"><span style="color: #231f20; font-family: 'Arial', sans-serif; font-size: 8pt; font-style: normal; font-weight: normal; left: 57pt; position: var(--position); text-decoration: none; white-space: pre;">years and we may determine a different financial performance measure to be the most important financial performance measure in future years.<span style="display: inline-block; height: 5.82pt;"></span></span></div> Adjusted EBITDA <div style="left: 76.12pt; position: var(--position); top: 0pt;"><div style="position: var(--position);"><img alt="5023" src="mtdr-20250428_g36.gif" style="height: 302.4pt; width: 459.75pt;"/></div></div> <div style="left: 76.12pt; position: var(--position); top: 0pt;"><div style="position: var(--position);"><img alt="5023" src="mtdr-20250428_g36.gif" style="height: 302.4pt; width: 459.75pt;"/></div></div> <div style="left: 76.12pt; position: var(--position); top: 0pt;"><div style="position: var(--position);"><img alt="5025" src="mtdr-20250428_g37.gif" style="height: 285pt; width: 459.75pt;"/></div></div> <div style="left: 76.12pt; position: var(--position); top: 0pt;"><div style="position: var(--position);"><img alt="5028" src="mtdr-20250428_g38.gif" style="height: 285pt; width: 459.75pt;"/></div></div> <span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Total Shareholder Return<span style="display: inline-block; height: 7.28pt;"></span></span><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 473.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 54pt; position: var(--position); text-decoration: none; white-space: pre;">2.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted EBITDA<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 485.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 54pt; position: var(--position); text-decoration: none; white-space: pre;">3.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Net Debt / Adjusted EBITDA<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 497.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 54pt; position: var(--position); text-decoration: none; white-space: pre;">4.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Adjusted Operating Costs per BOE<span style="display: inline-block; height: 7.28pt;"></span></span></div><div style="font-size: 12pt; line-height: 10pt; position: var(--position); top: 509.5pt; width: 612pt;"><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 54pt; position: var(--position); text-decoration: none; white-space: pre;">5.<span style="display: inline-block; height: 7.28pt;"></span></span><span style="font-family: 'Arial', sans-serif; font-size: 10pt; font-style: normal; font-weight: normal; left: 72pt; position: var(--position); text-decoration: none; white-space: pre;">Return on Average Capital Employed<span style="display: inline-block; height: 7.28pt;"></span></span></div> Total Shareholder Return Adjusted EBITDA Net Debt / Adjusted EBITDA Adjusted Operating Costs per BOE Return on Average Capital Employed