Shawn P. Payne - 27 Aug 2025 Form 4 Insider Report for MATRIX SERVICE CO (MTRX)

Role
President, Eng & Constr
Signature
Shawn P. Payne
Issuer symbol
MTRX
Transactions as of
27 Aug 2025
Net transactions value
-$60,850
Form type
4
Filing time
28 Aug 2025, 19:12:14 UTC
Previous filing
03 Sep 2024
Next filing
02 Sep 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
PAYNE SHAWN P President, Eng & Constr 15 EAST 5TH STREET, SUITE 1100, TULSA Shawn P. Payne 28 Aug 2025 0001945698

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTRX COMMON STOCK Award $0 +16,416 +28% $0.000000 75,401 27 Aug 2025 Direct F1
transaction MTRX COMMON STOCK Award $0 +32,800 +44% $0.000000 108,201 27 Aug 2025 Direct F1
transaction MTRX COMMON STOCK Options Exercise +2,844 +2.6% 111,045 27 Aug 2025 Direct F2
transaction MTRX COMMON STOCK Disposed to Issuer $43,712 -2,844 -2.6% $15.37 108,201 27 Aug 2025 Direct
transaction MTRX COMMON STOCK Tax liability $17,138 -1,115 -1% $15.37 107,086 27 Aug 2025 Direct F3

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 +16,416 $0.000000 16,416 27 Aug 2025 COMMON STOCK 16,416 Direct F2, F4
transaction MTRX RESTRICTED STOCK UNITS Options Exercise $0 -2,844 -25% $0.000000 8,529 27 Aug 2025 COMMON STOCK 2,844 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
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 SHARES DISPOSED TO SATISFY TAX OBLIGATION DUE ON VEST DATE FOR STOCK-SETTLED RESTRICTED STOCK UNITS.
F4 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.
F5 FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS, 25% WILL VEST EACH YEAR FROM AUGUST 27, 2025 TO AUGUST 27, 2028.