Kevin S. Cavanah - 24 Aug 2023 Form 4 Insider Report for MATRIX SERVICE CO (MTRX)

Role
VP Finance & CFO
Signature
Kevin S. Cavanah
Issuer symbol
MTRX
Transactions as of
24 Aug 2023
Net transactions value
-$27,836
Form type
4
Filing time
28 Aug 2023, 12:53:48 UTC
Previous filing
01 Sep 2022
Next filing
31 Aug 2023
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 +3,528 +2.6% 138,211 24 Aug 2023 Direct F1, F2
transaction MTRX COMMON STOCK Disposed to Issuer $27,836 -3,528 -2.6% $7.89 134,683 24 Aug 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 -3,528 -50% 3,528 24 Aug 2023 COMMON STOCK 3,528 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 101,375 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.