John R. Hewitt - 29 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
29 Aug 2024
Transactions value $
-$563,694
Form type
4
Date filed
03 Sep 2024, 17:30
Previous filing
28 Aug 2024
Next filing
28 Aug 2025
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 +14.9K +2.87% 532K 29 Aug 2024 Direct F1
transaction MTRX COMMON STOCK Disposed to Issuer -$148K -14.9K -2.79% $9.95 517K 29 Aug 2024 Direct
transaction MTRX COMMON STOCK Tax liability -$43K -4.32K -0.84% $9.95 513K 29 Aug 2024 Direct F2
transaction MTRX COMMON STOCK Options Exercise +9.23K +1.8% 522K 30 Aug 2024 Direct F1
transaction MTRX COMMON STOCK Disposed to Issuer -$91.9K -9.23K -1.77% $9.96 513K 30 Aug 2024 Direct
transaction MTRX COMMON STOCK Tax liability -$24.6K -2.47K -0.48% $9.96 510K 30 Aug 2024 Direct F2
transaction MTRX COMMON STOCK Options Exercise +11K +2.15% 521K 30 Aug 2024 Direct F1
transaction MTRX COMMON STOCK Disposed to Issuer -$110K -11K -2.11% $9.96 510K 30 Aug 2024 Direct
transaction MTRX COMMON STOCK Tax liability -$29.3K -2.94K -0.58% $9.96 507K 30 Aug 2024 Direct F2
transaction MTRX COMMON STOCK Award $0 +31.3K +6.16% $0.00 539K 30 Aug 2024 Direct F3
transaction MTRX COMMON STOCK Tax liability -$118K -11.8K -2.19% $9.96 527K 30 Aug 2024 Direct 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 $0 -14.9K -25% $0.00 44.6K 29 Aug 2024 COMMON STOCK 14.9K Direct F1, F5
transaction MTRX RESTRICTED STOCK UNITS Options Exercise $0 -9.23K -50% $0.00 9.23K 30 Aug 2024 COMMON STOCK 9.23K Direct F1, F6
transaction MTRX RESTRICTED STOCK UNITS Options Exercise $0 -11K -33.33% $0.00 22K 30 Aug 2024 COMMON STOCK 11K Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 SHARES DISPOSED TO SATISFY TAX OBLIGATION DUE ON VEST DATE FOR STOCK-SETTLED RESTRICTED STOCK UNITS.
F3 SHARES RECEIVED ON CONVERSION OF PERFORMANCE STOCK UNIT AWARD AS PREDETERMINED MARKET-BASED CRITERIA WAS MET.
F4 SHARES DISPOSED TO SATISFY TAX OBLIGATION DUE ON VEST DATE FOR STOCK-SETTLED PERFORMANCE STOCK UNITS.
F5 FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS, 25% WILL VEST EACH YEAR FROM AUGUST 29, 2024 TO AUGUST 29, 2027.
F6 FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS, 25% WILL VEST EACH YEAR FROM AUGUST 30, 2022 TO AUGUST 30, 2025.
F7 FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS, 25% WILL VEST EACH YEAR FROM AUGUST 30, 2023 TO AUGUST 30, 2026.