John R. Hewitt - Aug 30, 2022 Form 4 Insider Report for MATRIX SERVICE CO (MTRX)

Role: President & CEO, Director
Signature: John R. Hewitt
Stock symbol: MTRX
Transactions as of: Aug 30, 2022
Transactions value $: -$53,321
Form type: 4
Date filed: 9/1/2022, 03:14 PM
Previous filing: Aug 26, 2022
Next filing: Aug 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTRX	COMMON STOCK	Options Exercise		+9.23K	+2.35%		401K	Aug 30, 2022	Direct	F1, F2
transaction	MTRX	COMMON STOCK	Disposed to Issuer	-$53.3K	-9.23K	-2.3%	$5.78	392K	Aug 30, 2022	Direct	F1
transaction	MTRX	COMMON STOCK	Award	$0	+44K	+11.22%	$0.00	436K	Aug 30, 2022	Direct	F1, F3, F4, F5

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		-9.23K	-25%		27.7K	Aug 30, 2022	COMMON STOCK	9.23K		Direct	F1, F2, F6
transaction	MTRX	RESTRICTED STOCK UNITS	Award		+44K			44K	Aug 30, 2022	COMMON STOCK	44K		Direct	F1, F2, F4, F7

* 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 - EACH UNIT WILL ENTITLE THE REPORTING PERSON TO ONE SHARE OF MATRIX SERVICE COMPANY COMMON STOCK IF AND WHEN THE CONDITIONS OF THE RESTRICTION HAVE BEEN SATISFIED. FOR THIS GRANT, 25% WILL VEST EACH YEAR FOR THE NEXT FOUR YEARS ON THE ANNIVERSARY DATES.
F4	NOT APPLICABLE.
F5	INCLUDES 338,283 SHARES OF MATRIX SERVICE COMPANY COMMON STOCK OWNED OUTRIGHT.
F6	FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS, 25% WILL VEST EACH YEAR FROM AUGUST 30, 2022 TO AUGUST 30, 2025.
F7	EACH UNIT WILL ENTITLE THE REPORTING PERSON TO THE CASH EQUIVALENT OF ONE SHARE OF MATRIX SERVICE COMPANY COMMON STOCK IF AND WHEN THE CONDITIONS OF THE RESTRICTION HAVE BEEN SATISFIED. FOR THIS GRANT, 25% WILL VEST EACH YEAR FOR THE NEXT FOUR YEARS ON THE ANNIVERSARY DATES.