Shawn P. Payne - Aug 24, 2024 Form 4 Insider Report for MATRIX SERVICE CO (MTRX)

Role
President, Matrix Service
Signature
Shawn P. Payne
Stock symbol
MTRX
Transactions as of
Aug 24, 2024
Transactions value $
-$19,390
Form type
4
Date filed
8/27/2024, 01:31 PM
Previous filing
Aug 31, 2023
Next filing
Aug 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTRX COMMON STOCK Options Exercise +1.39K +2.82% 50.8K Aug 24, 2024 Direct F1, F2
transaction MTRX COMMON STOCK Disposed to Issuer -$13.9K -1.39K -2.74% $10.00 49.4K Aug 24, 2024 Direct F1
transaction MTRX COMMON STOCK Tax liability -$5.47K -547 -1.11% $10.00 48.8K Aug 24, 2024 Direct F1, F3, 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 Options Exercise -1.39K -100% 0 Aug 24, 2024 COMMON STOCK 1.39K Direct F1, F2, F5
* 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 AWARD - SHARES DISPOSED TO SATISFY TAX OBLIGATION DUE ON VEST DATE FOR SERVICE-BASED GRANT.
F4 INCLUDES 21,059 SHARES OF MATRIX SERVICE COMPANY COMMON STOCK OWNED OUTRIGHT.
F5 FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS, 25% WILL VEST EACH YEAR FROM AUGUST 24, 2021 TO AUGUST 24, 2024.