Rick J. Bennett - 30 Aug 2022 Form 4 Insider Report for MATRIX SERVICE CO (MTRX)

Reporting relationship: VP & Chief Information Officer
Issuer ticker: MTRX
Reported as of: 30 Aug 2022
Net transaction value: -$10,577
SEC form: 4
Accepted by SEC: 01 Sep 2022, 15:17:17 UTC
Prior SEC filing: 29 Aug 2022
Source filing: View source filing
Reporting owner signature: Rick J. Bennett

Key filing fact

Rick J. Bennett filed Form 4 for MATRIX SERVICE CO (MTRX) on 01 Sep 2022.

Key facts

This page summarizes Rick J. Bennett's Form 4 filing for MATRIX SERVICE CO (MTRX).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 01 Sep 2022, 15:17.

Change

Previous filing in this sequence was filed on 29 Aug 2022.
Current net transaction value: -$10,577.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MTRX transaction

COMMON STOCK

Options Exercise

Transaction value
Shares: +1,418
Change %: +4.7%
Price
Shares after: 31,698
Date: 30 Aug 2022
Ownership: Direct
Footnotes: F1, F2

MTRX transaction

COMMON STOCK

Disposed to Issuer

Transaction value: $8,196
Shares: -1,418
Change %: -4.5%
Price: $5.78
Shares after: 30,280
Date: 30 Aug 2022
Ownership: Direct
Footnotes: F1

MTRX transaction

COMMON STOCK

Tax liability

Transaction value: $2,381
Shares: -412
Change %: -1.4%
Price: $5.78
Shares after: 29,868
Date: 30 Aug 2022
Ownership: Direct
Footnotes: F1, F3

MTRX transaction

COMMON STOCK

Award

Transaction value: $0
Shares: +6,759
Change %: +23%
Price: $0.000000
Shares after: 36,627
Date: 30 Aug 2022
Ownership: Direct
Footnotes: F1, F4, F5, F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MTRX transaction Derivative

RESTRICTED STOCK UNITS

Options Exercise

Transaction value
Shares: -1,418
Change %: -25%
Price
Shares after: 4,253
Date: 30 Aug 2022
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 1,418
Exercise price
Footnotes: F1, F2, F7

MTRX transaction Derivative

RESTRICTED STOCK UNITS

Award

Transaction value
Shares: +6,759
Change %
Price
Shares after: 6,759
Date: 30 Aug 2022
Ownership: Direct
Underlying class: COMMON STOCK
Underlying amount: 6,759
Exercise price
Footnotes: F1, F2, F5, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

MATRIX SERVICE COMPANY COMMON STOCK.

Footnote 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.

Footnote F3

RESTRICTED STOCK UNIT AWARD - SHARES DISPOSED TO SATISFY TAX OBLIGATION DUE ON VEST DATE FOR SERVICE-BASED GRANT.

Footnote F4

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.

Footnote F5

NOT APPLICABLE.

Footnote F6

INCLUDES 21,895 SHARES OF MATRIX SERVICE COMPANY COMMON STOCK OWNED OUTRIGHT.

Footnote F7

FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS, 25% WILL VEST EACH YEAR FROM AUGUST 30, 2022 TO AUGUST 30, 2025.

Footnote F8

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.