Douglas J. Montalbano - 29 Aug 2024 Form 4 Insider Report for MATRIX SERVICE CO (MTRX)

Role
President, Matrix NAC
Signature
Douglas J. Montalbano
Issuer symbol
MTRX
Transactions as of
29 Aug 2024
Net transactions value
-$105,944
Form type
4
Filing time
03 Sep 2024, 17:44:17 UTC
Previous filing
28 Aug 2024
Next filing
28 Aug 2025
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 +3,529 +7% 53,805 29 Aug 2024 Direct F1
transaction MTRX COMMON STOCK Disposed to Issuer $35,114 -3,529 -6.6% $9.95 50,276 29 Aug 2024 Direct
transaction MTRX COMMON STOCK Tax liability $15,094 -1,517 -3% $9.95 48,759 29 Aug 2024 Direct F2
transaction MTRX COMMON STOCK Options Exercise +1,211 +2.5% 49,970 30 Aug 2024 Direct F1
transaction MTRX COMMON STOCK Disposed to Issuer $12,062 -1,211 -2.4% $9.96 48,759 30 Aug 2024 Direct
transaction MTRX COMMON STOCK Tax liability $5,179 -520 -1.1% $9.96 48,239 30 Aug 2024 Direct F2
transaction MTRX COMMON STOCK Options Exercise +1,881 +3.9% 50,120 30 Aug 2024 Direct F1
transaction MTRX COMMON STOCK Disposed to Issuer $18,735 -1,881 -3.8% $9.96 48,239 30 Aug 2024 Direct
transaction MTRX COMMON STOCK Tax liability $8,048 -808 -1.7% $9.96 47,431 30 Aug 2024 Direct F2
transaction MTRX COMMON STOCK Award $0 +2,737 +5.8% $0.000000 50,168 30 Aug 2024 Direct F3
transaction MTRX COMMON STOCK Tax liability $11,713 -1,176 -2.3% $9.96 48,992 30 Aug 2024 Direct 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 $0 -3,529 -25% $0.000000 10,587 29 Aug 2024 COMMON STOCK 3,529 Direct F1, F5
transaction MTRX RESTRICTED STOCK UNITS Options Exercise $0 -1,211 -50% $0.000000 1,210 30 Aug 2024 COMMON STOCK 1,211 Direct F1, F6
transaction MTRX RESTRICTED STOCK UNITS Options Exercise $0 -1,881 -33% $0.000000 3,762 30 Aug 2024 COMMON STOCK 1,881 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 SHARES DISPOSED TO SATISFY TAX OBLIGATION DUE ON VEST DATE FOR STOCK-SETTLED RESTRICTED STOCK UNITS.
F3 SHARES RECEIVED ON CONVERSION OF PERFORMANCE STOCK UNIT AWARD AS PREDETERMINED MARKET-BASED CRITERIA WAS MET.
F4 SHARES DISPOSED TO SATISFY TAX OBLIGATION DUE ON VEST DATE FOR STOCK-SETTLED PERFORMANCE STOCK UNITS.
F5 FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS, 25% WILL VEST EACH YEAR FROM AUGUST 29, 2024 TO AUGUST 29, 2027.
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.