Michelle H. Shepston - 01 Mar 2023 Form 4 Insider Report for DMC Global Inc. (BOOM)

Role: Chief Legal Officer
Signature: /s/ Lindsey Rhodes, by Power of Attorney
Issuer symbol: BOOM
Transactions as of: 01 Mar 2023
Net transactions value: -$3,587
Form type: 4
Filing time: 16 Mar 2023, 17:54:51 UTC
Previous filing: 27 Feb 2023
Next filing: 06 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOOM	Common Stock	Award	$0	+8,263	+27%	$0.000000	39,193	14 Mar 2023	Direct	F1
transaction	BOOM	Common Stock	Options Exercise	$0	+318	+0.81%	$0.000000	39,511	01 Mar 2023	Direct
transaction	BOOM	Common Stock	Tax liability	$3,587	-134	-0.34%	$26.77	39,377	01 Mar 2023	Direct	F2
holding	BOOM	Common Stock						100	01 Mar 2023	By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BOOM	Performance Share Units	Award	$0	+8,263		$0.000000	8,263	14 Mar 2023	Common Stock	8,263		Direct	F3, F4
transaction	BOOM	Deferred Stock	Options Exercise	$0	-318	-10%	$0.000000	2,825	01 Mar 2023	Common Stock	318		Direct	F5, F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This stock award is subject to the lapse of time-based restrictions. The restrictions will lapse with respect to one-third of the shares in equal amounts on each of the first, second and third anniversaries of the grant date.
F2	Represents withholding of shares to satisfy tax obligations upon delivery of issuer stock that was previously deferred.
F3	Each Performance Share Unit ("PSU") represents the contingent right to receive one share of the Issuer's common stock based on certain vesting conditions.
F4	The number of PSUs that will vest and the number of shares of Issuer's common stock that will be awarded, if any, is contingent on the Issuer's average Adjusted EBITDA as compared to target Adjusted EBITDA and the Issuer's total shareholder return ("TSR") relative to the TSR of identified peer companies achieved over the three year period from 2023 through 2025, with potential to earn a number of shares of common stock between 0% and 200% of the number of target PSUs awarded. This PSU award will cliff vest, if at all, after the performance period ending December 31, 2025.
F5	Each vested share of Deferred Stock represents the right to receive one share of the Issuer's common stock.
F6	3,443 shares of Deferred Stock were granted on February 26, 2020 and vested in equal amounts over 3 years on the grant date anniversary.
F7	The Deferred Stock was delivered to the reporting person based on the in-service distribution election on March 1, 2023. The reporting person elected to distribute thirty percent of the deferred stock in three annual installments beginning March 1, 2023.