Dennis Bertolotti - 22 Mar 2022 Form 4 Insider Report for Mistras Group, Inc. (MG)

Role: President and CEO, Director
Signature: Michael C. Keefe, attorney-in-fact for Dennis Bertolotti
Issuer symbol: MG
Transactions as of: 22 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 22 Mar 2022, 18:45:21 UTC
Previous filing: 16 Mar 2022
Next filing: 24 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MG	Common Stock	Award	$0	+38,168	+8.9%	$0.000000	468,754	22 Mar 2022	Direct	F1

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	MG	Performance Share Unit	Award	$0	+57,252		$0.000000	57,252	22 Mar 2022	Common Stock	57,252	$0.000000	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents an award of restricted stock units that will vest 25% on each anniversary of the award.
F2	These performance share units vest to the extent earned in 2023 based upon performance metrics for 2022. The reporting person may earn between 0 and 200% of the units reported based on performance. Once earned, these performance share units will be paid in restricted stock units which will vest over 4 years.