John R. Hewitt - Aug 29, 2023 Form 4 Insider Report for MATRIX SERVICE CO (MTRX)

Signature
John R. Hewitt
Stock symbol
MTRX
Transactions as of
Aug 29, 2023
Transactions value $
-$172,477
Form type
4
Date filed
8/31/2023, 05:34 PM
Previous filing
Aug 28, 2023
Next filing
Oct 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTRX COMMON STOCK Award $0 +59.4K +13.63% $0.00 495K Aug 29, 2023 Direct F1, F2
transaction MTRX COMMON STOCK Options Exercise +9.23K +1.86% 505K Aug 30, 2023 Direct F1, F3
transaction MTRX COMMON STOCK Disposed to Issuer -$78.7K -9.23K -1.83% $8.53 495K Aug 30, 2023 Direct F1
transaction MTRX COMMON STOCK Options Exercise +11K +2.22% 506K Aug 30, 2023 Direct F1, F3
transaction MTRX COMMON STOCK Disposed to Issuer -$93.8K -11K -2.17% $8.53 495K Aug 30, 2023 Direct F1, 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 Award $0 +59.4K $0.00 59.4K Aug 29, 2023 COMMON STOCK 59.4K Direct F1, F3, F5
transaction MTRX RESTRICTED STOCK UNITS Options Exercise $0 -9.23K -33.33% $0.00 18.5K Aug 30, 2023 COMMON STOCK 9.23K Direct F1, F3, F6
transaction MTRX RESTRICTED STOCK UNITS Options Exercise $0 -11K -25% $0.00 33K Aug 30, 2023 COMMON STOCK 11K Direct F1, F3, 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 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.
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 INCLUDES 376,035 SHARES OF MATRIX SERVICE COMPANY COMMON STOCK OWNED OUTRIGHT.
F5 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.
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 FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS, 25% WILL VEST EACH YEAR FROM AUGUST 30, 2023 TO AUGUST 30, 2026.