Michelle Shepston - Mar 1, 2023 Form 4 Insider Report for DMC Global Inc. (BOOM)

Signature
/s/ Lindsey Rhodes, by Power of Attorney
Stock symbol
BOOM
Transactions as of
Mar 1, 2023
Transactions value $
-$3,587
Form type
4
Date filed
3/16/2023, 05:54 PM
Previous filing
Feb 27, 2023
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOOM Common Stock Award $0 +8.26K +26.72% $0.00 39.2K Mar 14, 2023 Direct F1
transaction BOOM Common Stock Options Exercise $0 +318 +0.81% $0.00 39.5K Mar 1, 2023 Direct
transaction BOOM Common Stock Tax liability -$3.59K -134 -0.34% $26.77 39.4K Mar 1, 2023 Direct F2
holding BOOM Common Stock 100 Mar 1, 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 +8.26K $0.00 8.26K Mar 14, 2023 Common Stock 8.26K Direct F3, F4
transaction BOOM Deferred Stock Options Exercise $0 -318 -10.12% $0.00 2.83K Mar 1, 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.