Bradley J. Rinehart - Aug 30, 2022 Form 4 Insider Report for MATRIX SERVICE CO (MTRX)

Role
President, Matrix Service
Signature
Bradley J. Rinehart
Stock symbol
MTRX
Transactions as of
Aug 30, 2022
Transactions value $
-$19,964
Form type
4
Date filed
8/31/2022, 03:40 PM
Previous filing
Aug 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTRX COMMON STOCK Options Exercise +2.4K +2.92% 84.4K Aug 30, 2022 Direct F1, F2
transaction MTRX COMMON STOCK Disposed to Issuer -$13.9K -2.4K -2.84% $5.78 82K Aug 30, 2022 Direct F1
transaction MTRX COMMON STOCK Tax liability -$6.11K -1.06K -1.29% $5.78 80.9K Aug 30, 2022 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 -2.4K -25% 7.19K Aug 30, 2022 COMMON STOCK 2.4K Direct F1, F2, F5
* 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 SERVICE-BASED GRANT.
F4 INCLUDES 67,424 SHARES OF MATRIX SERVICE COMPANY COMMON STOCK OWNED OUTRIGHT.
F5 FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS, 25% WILL VEST EACH YEAR FROM AUGUST 30, 2022 TO AUGUST 30, 2025.