Edward J. Prajzner - Mar 16, 2023 Form 4 Insider Report for Mistras Group, Inc. (MG)

Role
Sr. EVP and CFO
Signature
/s/ Michael C. Keefe, attorney-in-fact for Edward J. Prajzner
Stock symbol
MG
Transactions as of
Mar 16, 2023
Transactions value $
-$15,887
Form type
4
Date filed
3/20/2023, 04:17 PM
Previous filing
Jan 3, 2023
Next filing
Mar 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MG Common Stock Award $0 +15K +19.73% $0.00 91K Mar 16, 2023 Direct F1
transaction MG Common Stock Tax liability -$3.24K -576 -0.63% $5.62 90.4K Mar 17, 2023 Direct F2
transaction MG Common Stock Tax liability -$12.6K -2.27K -2.51% $5.58 88.2K Mar 17, 2023 Direct F2

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 Restricted Stock Units Other $0 -18.3K -100% $0.00* 0 Mar 17, 2023 Common Stock 18.3K $0.00 Direct F3, F4, F5
* 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, which vests 1/3 on each of March 16 of 2024, 2025 and 2026.
F2 Represents shares withheld for payment of tax liability as a result of the vesting of restricted stock units.
F3 Transaction represents the expiration and forfeiture of performance units which were not earned because of the failure to meet the performance conditions.
F4 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.
F5 These performance share units vest to the extent earned in 2022 based upon performance metrics for 2021. 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.