v3.25.2
Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Unvested RSU, PSU, and PRSU Activity
The following table presents a summary of Magnolia’s equity-classified unvested RSU, PRSU, and PSU activity for the six months ended June 30, 2025.

Restricted
Stock Units
Performance Restricted
Stock Units
Performance
Stock Units
UnitsWeighted Average Grant Date Fair ValueUnitsWeighted Average Grant Date Fair ValueUnitsWeighted Average Grant Date Fair Value
Unvested at December 31, 2024
1,408,980 $21.44 245,527 $19.25 528,281 $22.45 
Granted785,920 22.82 — — 179,802 19.87 
Modified— — — — (193,871)22.36 
Vested (1)
(537,625)21.66 (240,731)19.19 — — 
Forfeited(37,048)22.56 (131)19.16 — — 
Unvested at June 30, 2025
1,620,227 $22.01 4,665 $22.34 514,212 $21.58 
(1)47,628 PRSUs were settled in cash for $1.1 million during the six months ended June 30, 2025.
The following table presents a summary of Magnolia’s unvested liability-classified PSU activity for the six months ended June 30, 2025.
Performance
Stock Units
Unvested at December 31, 2024
— 
Granted86,588 
Modified193,871 
Vested— 
Forfeited— 
Unvested at June 30, 2025
280,459 
Schedule of Assumptions Used to Calculate Grant Date Fair Value of PSUs
The following table summarizes the Monte Carlo simulation assumptions used to calculate the grant date fair value of the equity-classified PSUs.
Six Months Ended
Equity-classified PSU Grant Date Fair Value AssumptionsJune 30, 2025June 30, 2024
Expected term (in years)
2.882.88
Expected volatility38.62%45.09%
Risk-free interest rate4.28%4.35%
Dividend yield2.37%2.48%
The following table summarizes the Monte Carlo simulation assumptions used to remeasure the fair value of the liability-classified PSUs as of June 30, 2025.

Liability-classified PSU Remeasurement Fair Value AssumptionsJune 30, 2025
Expected term (in years)
0.5 - 2.50
Expected volatility
34.36% - 44.49%
Risk-free interest rate
3.63% - 4.20%
Dividend yield
2.69%