Shawn P. Payne - Sep 1, 2022 Form 3 Insider Report for MATRIX SERVICE CO (MTRX)

Role
President, Matrix Service
Signature
Shawn P. Payne
Stock symbol
MTRX
Transactions as of
Sep 1, 2022
Transactions value $
$0
Form type
3
Date filed
9/7/2022, 11:24 AM
Next filing
Aug 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MTRX COMMON STOCK 35.8K Sep 1, 2022 Direct F1, F2

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
holding MTRX RESTRICTED STOCK UNITS Sep 1, 2022 COMMON STOCK 2.79K Direct F1, F3, F4, F5
holding MTRX RESTRICTED STOCK UNITS Sep 1, 2022 COMMON STOCK 4.54K Direct F1, F3, F5, F6
holding MTRX RESTRICTED STOCK UNITS Sep 1, 2022 COMMON STOCK 11.3K Direct F1, F3, F5, 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 INCLUDES 16,020 SHARES OF MATRIX SERVICE COMPANY COMMON STOCK OWNED OUTRIGHT. THE REMAINING SHARES ARE RESTRICTED STOCK OWNED BUT NOT YET RELEASED DUE TO FUTURE VESTING REQUIREMENTS.
F3 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.
F4 FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS THAT WAS GRANTED ON AUGUST 24, 2020, 25% WILL VEST EACH YEAR FROM AUGUST 24, 2021 TO AUGUST 24, 2024.
F5 NOT APPLICABLE.
F6 FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS THAT WAS GRANTED ON AUGUST 30, 2021, 25% WILL VEST EACH YEAR FROM AUGUST 30, 2022 TO AUGUST 30, 2025.
F7 FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS THAT WAS GRANTED ON AUGUST 30, 2022, 25% WILL VEST EACH YEAR FROM AUGUST 30, 2023 TO AUGUST 30, 2026.