Timothy Parker
Matador ResourcesAbout Timothy E. Parker
Timothy E. Parker, age 50, has served on Matador’s Board since 2018 and is the Lead Independent Director and Chair of the Capital Markets and Finance Committee. He is a former Portfolio Manager and Analyst—Natural Resources at T. Rowe Price and currently a contractor leading research for Brightworks Wealth Management; he holds a BS in Commerce and an MBA from the University of Virginia (Darden) . The Board classifies Parker as independent under NYSE/SEC rules and designated him an “audit committee financial expert” .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Brightworks Wealth Management, LLC | Contractor in charge of research | Current | Research leadership; investor perspective |
| T. Rowe Price & Associates | Portfolio Manager and Analyst—Natural Resources; equity analyst; PM for New Era and energy/natural resources sleeves | 2001–2017 | Managed multi-fund mandates; deep sector expertise |
| Robert W. Baird & Co., Inc. | Investment banking analyst | Prior to 2001 | Capital markets training |
External Roles
| Category | Role/Company | Notes |
|---|---|---|
| Public company boards | None | Company discloses no current public company directorships for any director |
Board Governance
- Independence and role: Parker is an independent director, Lead Independent Director, and Audit Committee financial expert; he chairs executive sessions of non-management/independent directors and serves as liaison to the CEO, helps develop agendas, oversees board evaluations, and interviews board candidates .
- Committee assignments (Chair “C” / Member “•”): Capital Markets and Finance (C), Audit (•), Environmental, Social and Corporate Governance (•), Executive (•), Nominating (•), Prospect (•), Strategic Planning & Compensation (•) .
- Attendance and engagement: In 2024, the Board held nine meetings, all incumbent directors attended at least 75% of Board and committee meetings on which they served, and all directors attended the 2024 Annual Meeting. The Board meets regularly in non-management executive sessions .
- Other governance: Majority voting in uncontested elections and a director resignation policy for majority-against outcomes .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| 2024 cash fees (paid) | $203,750 | Reported for Parker |
| 2024 RSU grant (fair value) | $149,979 | RSUs vest prior to 2025 director elections; 2,533 RSUs outstanding at 12/31/2024 |
| Annual cash retainer (program) | $85,000 | All non-employee directors |
| Lead Independent Director retainer | $100,000 | Additional annual cash retainer |
| Capital Markets & Finance Chair retainer | $25,000 | Additional annual cash retainer for committee chair |
Director stock ownership guideline: $350,000 of common stock within 3 years; RSUs count toward compliance .
Performance Compensation
| 2024 Performance Goals (Company-level used in exec pay oversight) | Threshold | Target | Maximum | Actual | Assessment |
|---|---|---|---|---|---|
| Net Debt/Adjusted EBITDA | 1.55x | 1.42x | 1.29x | 1.05x | Exceeded Maximum |
| Adjusted operating costs per BOE (ex interest) | $14.90 | $13.90 | $12.90 | $12.42 | Exceeded Maximum |
| ROACE | 25% | 28% | 31% | 32% | Exceeded Maximum |
| TSR vs peer group | — | Upper 50% | Upper 25% | Upper 50% | Achieved Target |
| ESG (qualitative) | — | — | — | — | Positive qualitative assessment |
- Director equity is time-based RSUs (not PSUs); 2024–2025 RSUs vest prior to 2025 director elections; Parker held 2,533 unvested RSUs at year-end 2024 .
Other Directorships & Interlocks
| Topic | Disclosure |
|---|---|
| Other public company boards | None disclosed for Parker |
| Compensation committee interlocks | None in 2024; Parker served on the Compensation Committee |
Expertise & Qualifications
- Capital markets and energy investing; former T. Rowe Price PM/analyst; current research leader at Brightworks .
- Audit committee financial expert designation; service on Audit, ESG, SPC, and Nominating committees .
- Board skills matrix flags broad competencies including senior leadership, energy industry, finance/accounting, risk, strategy, governance, and capital markets/M&A .
Equity Ownership
| Measure | Amount | Notes |
|---|---|---|
| Beneficial ownership (Common Stock) | 83,790 shares | Includes 2,533 RSUs vesting within 60 days |
| Ownership % of shares outstanding | <1% | As disclosed |
| Anti-hedging policy | Prohibits hedging; pledging generally restricted (>25% requires ES&G Committee consent) | |
| Director ownership guideline | $350,000 within 3 years (RSUs count) |
Insider Trades (Form 4)
| Transaction Date | Type | Shares | Price | Post-Transaction Ownership | SEC Filing |
|---|---|---|---|---|---|
| 2024-06-13 | Award (RSUs/stock) | 2,533 | $0.00 | 81,790 | https://www.sec.gov/Archives/edgar/data/1520006/000152000624000138/0001520006-24-000138-index.htm |
| 2025-03-05 | Open market purchase | 2,000 | $44.67 | 83,790 | https://www.sec.gov/Archives/edgar/data/1520006/000152000625000094/0001520006-25-000094-index.htm |
| 2025-04-30 | Open market purchase | 2,000 | $39.84 | 85,790 | https://www.sec.gov/Archives/edgar/data/1520006/000152000625000136/0001520006-25-000136-index.htm |
| 2025-06-12 | Award (RSUs/stock) | 4,079 | $0.00 | 89,869 | https://www.sec.gov/Archives/edgar/data/1520006/000152000625000172/0001520006-25-000172-index.htm |
Governance Assessment
- Board effectiveness: Parker’s role as Lead Independent Director, audit financial expertise, and broad committee service support robust oversight; regular executive sessions and majority voting strengthen accountability .
- Alignment and signals: Personal open-market purchases in 2025 and meaningful share ownership align incentives; anti-hedging/pledging policies and director ownership guidelines further investor alignment (SEC Form 4 URLs above).
- Compensation oversight: As a Compensation Committee member, Parker oversaw strong pay-for-performance constructs (multiple operational/financial metrics with above-target results and a 94% 2024 say-on-pay approval), supporting investor confidence in incentive alignment .
- Conflicts/related-party exposure: No related-party transactions or public-company interlocks are disclosed for Parker; 2024 related-person items involve other directors/executives and were reviewed/approved under policy .