Ian Grieves - Mar 14, 2023 Form 4 Insider Report for DMC Global Inc. (BOOM)

Role
Pres & Mng Dir, DynaEnergetics
Signature
/s/ Lindsey Rhodes, by Power of Attorney
Stock symbol
BOOM
Transactions as of
Mar 14, 2023
Transactions value $
$0
Form type
4
Date filed
3/16/2023, 06:05 PM
Previous filing
Mar 6, 2023
Next filing
Feb 26, 2024

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 Restricted Stock Units Award $0 +10.6K $0.00 10.6K Mar 14, 2023 Common Stock 10.6K Direct F1, F2
transaction BOOM Performance Share Units Award $0 +10.6K $0.00 10.6K Mar 14, 2023 Common Stock 10.6K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the common stock of the Issuer.
F2 One-third of these RSUs will vest on each of the first, second and third anniversaries of the grant date.
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.