John R. Hewitt - Aug 24, 2023 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, 2023
Transactions value $
-$66,978
Form type
4
Date filed
8/28/2023, 12:53 PM
Previous filing
Sep 1, 2022
Next filing
Aug 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTRX COMMON STOCK Options Exercise +8.49K +1.95% 444K Aug 24, 2023 Direct F1, F2
transaction MTRX COMMON STOCK Disposed to Issuer -$67K -8.49K -1.91% $7.89 436K Aug 24, 2023 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 -8.49K -50% 8.49K Aug 24, 2023 COMMON STOCK 8.49K 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 355,815 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.