Shawn P. Payne - 29 Aug 2024 Form 4 Insider Report for MATRIX SERVICE CO (MTRX)

Role
President, Matrix Service
Signature
Shawn P. Payne
Issuer symbol
MTRX
Transactions as of
29 Aug 2024
Net transactions value
-$130,021
Form type
4
Filing time
03 Sep 2024, 17:45:16 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 +4,077 +6.8% 64,294 29 Aug 2024 Direct F1
transaction MTRX COMMON STOCK Disposed to Issuer $40,566 -4,077 -6.3% $9.95 60,217 29 Aug 2024 Direct
transaction MTRX COMMON STOCK Tax liability $15,960 -1,604 -2.7% $9.95 58,613 29 Aug 2024 Direct F2
transaction MTRX COMMON STOCK Options Exercise +1,513 +2.6% 60,126 30 Aug 2024 Direct F1
transaction MTRX COMMON STOCK Disposed to Issuer $15,069 -1,513 -2.5% $9.96 58,613 30 Aug 2024 Direct
transaction MTRX COMMON STOCK Tax liability $5,926 -595 -1% $9.96 58,018 30 Aug 2024 Direct F2
transaction MTRX COMMON STOCK Options Exercise +2,817 +4.9% 60,835 30 Aug 2024 Direct F1
transaction MTRX COMMON STOCK Disposed to Issuer $28,057 -2,817 -4.6% $9.96 58,018 30 Aug 2024 Direct
transaction MTRX COMMON STOCK Tax liability $11,036 -1,108 -1.9% $9.96 56,910 30 Aug 2024 Direct F2
transaction MTRX COMMON STOCK Award $0 +3,421 +6% $0.000000 60,331 30 Aug 2024 Direct F3
transaction MTRX COMMON STOCK Tax liability $13,406 -1,346 -2.2% $9.96 58,985 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 -4,077 -25% $0.000000 12,231 29 Aug 2024 COMMON STOCK 4,077 Direct F1, F5
transaction MTRX RESTRICTED STOCK UNITS Options Exercise $0 -1,513 -50% $0.000000 1,513 30 Aug 2024 COMMON STOCK 1,513 Direct F1, F6
transaction MTRX RESTRICTED STOCK UNITS Options Exercise $0 -2,817 -33% $0.000000 5,634 30 Aug 2024 COMMON STOCK 2,817 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.