John R. Hewitt - 24 Aug 2024 Form 4 Insider Report for MATRIX SERVICE CO (MTRX)

Role
President & CEO, Director
Signature
John R. Hewitt
Issuer symbol
MTRX
Transactions as of
24 Aug 2024
Transactions value $
-$107,590
Form type
4
Date filed
27 Aug 2024, 13:26
Previous filing
21 Mar 2024
Next filing
28 Aug 2024
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 +8.49K +1.78% 486K 24 Aug 2024 Direct F1, F2
transaction MTRX COMMON STOCK Disposed to Issuer -$84.9K -8.49K -1.75% $10.00 478K 24 Aug 2024 Direct F1
transaction MTRX COMMON STOCK Tax liability -$22.7K -2.27K -0.48% $10.00 476K 24 Aug 2024 Direct F1, F3, 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 -8.49K -100% 0 24 Aug 2024 COMMON STOCK 8.49K Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 MATRIX SERVICE COMPANY COMMON STOCK.
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 RESTRICTED STOCK UNIT AWARD - SHARES DISPOSED TO SATISFY TAX OBLIGATION DUE ON VEST DATE FOR SERVICE-BASED GRANT.
F4 INCLUDES 364,754 SHARES OF MATRIX SERVICE COMPANY COMMON STOCK OWNED OUTRIGHT.
F5 FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS, 25% WILL VEST EACH YEAR FROM AUGUST 24, 2021 TO AUGUST 24, 2024.