John R. Hewitt - Aug 24, 2021 Form 4 Insider Report for MATRIX SERVICE CO (MTRX)

Role
President & CEO, Director
Signature
John R. Hewitt
Stock symbol
MTRX
Transactions as of
Aug 24, 2021
Transactions value $
-$120,560
Form type
4
Date filed
8/26/2021, 01:05 PM
Next filing
Aug 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTRX COMMON STOCK Options Exercise +8.49K +2.41% 360K Aug 24, 2021 Direct F1, F2
transaction MTRX COMMON STOCK Disposed to Issuer -$93.2K -8.49K -2.36% $10.98 352K Aug 24, 2021 Direct F1
transaction MTRX COMMON STOCK Tax liability -$27.4K -2.49K -0.71% $10.98 349K Aug 24, 2021 Direct F1, F3, F4

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 MTRX RESTRICTED STOCK UNITS Options Exercise -8.49K -25% 25.5K Aug 24, 2021 COMMON STOCK 8.49K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 MATRIX SERVICE COMPANY COMMON STOCK.
F2 EACH RESTRICTED STOCK UNIT IS THE ECONOMIC EQUIVALENT OF ONE SHARE OF MATRIX SERVICE COMPANY COMMON STOCK. ALL RESTRICTED STOCK UNITS ARE SETTLED SOLELY IN CASH WHEN VESTED.
F3 RESTRICTED STOCK UNIT AWARD - SHARES DISPOSED TO SATISFY TAX OBLIGATION DUE ON VEST DATE FOR TIME-BASED GRANT.
F4 INCLUDES 265,859 SHARES OF MATRIX SERVICE COMPANY COMMON STOCK OWNED OUTRIGHT.