Kevin A. Durkin - 24 Aug 2022 Form 4 Insider Report for MATRIX SERVICE CO (MTRX)

Role: VP Chief Bus Dev/Strat Officer
Signature: Kevin A. Durkin
Issuer symbol: MTRX
Transactions as of: 24 Aug 2022
Net transactions value: -$7,409
Form type: 4
Filing time: 26 Aug 2022, 11:28:34 UTC
Previous filing: 15 Feb 2022
Next filing: 01 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTRX	COMMON STOCK	Options Exercise		+1,273	+1.9%		66,731	24 Aug 2022	Direct	F1, F2
transaction	MTRX	COMMON STOCK	Disposed to Issuer	$7,409	-1,273	-1.9%	$5.82	65,458	24 Aug 2022	Direct	F1, F3

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		-1,273	-33%		2,546	24 Aug 2022	COMMON STOCK	1,273		Direct	F1, F2, F4

* 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	INCLUDES 54,327 SHARES OF MATRIX SERVICE COMPANY COMMON STOCK OWNED OUTRIGHT.
F4	FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS, 25% WILL VEST EACH YEAR FROM AUGUST 24, 2021 TO AUGUST 24, 2024.