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

Role
President, Matrix NAC
Signature
Douglas J. Montalbano
Stock symbol
MTRX
Transactions as of
Aug 29, 2024
Transactions value $
-$105,944
Form type
4
Date filed
9/3/2024, 05:44 PM
Previous 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 +3.53K +7.02% 53.8K Aug 29, 2024 Direct F1
transaction MTRX COMMON STOCK Disposed to Issuer -$35.1K -3.53K -6.56% $9.95 50.3K Aug 29, 2024 Direct
transaction MTRX COMMON STOCK Tax liability -$15.1K -1.52K -3.02% $9.95 48.8K Aug 29, 2024 Direct F2
transaction MTRX COMMON STOCK Options Exercise +1.21K +2.48% 50K Aug 30, 2024 Direct F1
transaction MTRX COMMON STOCK Disposed to Issuer -$12.1K -1.21K -2.42% $9.96 48.8K Aug 30, 2024 Direct
transaction MTRX COMMON STOCK Tax liability -$5.18K -520 -1.07% $9.96 48.2K Aug 30, 2024 Direct F2
transaction MTRX COMMON STOCK Options Exercise +1.88K +3.9% 50.1K Aug 30, 2024 Direct F1
transaction MTRX COMMON STOCK Disposed to Issuer -$18.7K -1.88K -3.75% $9.96 48.2K Aug 30, 2024 Direct
transaction MTRX COMMON STOCK Tax liability -$8.05K -808 -1.67% $9.96 47.4K Aug 30, 2024 Direct F2
transaction MTRX COMMON STOCK Award $0 +2.74K +5.77% $0.00 50.2K Aug 30, 2024 Direct F3
transaction MTRX COMMON STOCK Tax liability -$11.7K -1.18K -2.34% $9.96 49K Aug 30, 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 -3.53K -25% $0.00 10.6K Aug 29, 2024 COMMON STOCK 3.53K Direct F1, F5
transaction MTRX RESTRICTED STOCK UNITS Options Exercise $0 -1.21K -50.02% $0.00 1.21K Aug 30, 2024 COMMON STOCK 1.21K Direct F1, F6
transaction MTRX RESTRICTED STOCK UNITS Options Exercise $0 -1.88K -33.33% $0.00 3.76K Aug 30, 2024 COMMON STOCK 1.88K 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.