J. Prajzner - 14 Mar 2022 Form 4 Insider Report for Mistras Group, Inc. (MG)

Role
EVP, CFO and Treasurer
Signature
/s/ Michael C. Keefe, attorney-in-fact for Edward J. Prajzner
Issuer symbol
MG
Transactions as of
14 Mar 2022
Net transactions value
$0
Form type
4
Filing time
16 Mar 2022, 17:21:38 UTC
Previous filing
07 Jan 2022
Next filing
22 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 +23,942 +71% $0.000000 57,646 14 Mar 2022 Direct F1
transaction MG Common Stock Conversion of derivative security $0 +9,110 +16% $0.000000 66,756 14 Mar 2022 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 Conversion of derivative security $0 -9,110 -100% $0.000000* 0 14 Mar 2022 Common Stock 9,110 $0.000000 Direct F3, F4
* 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 for payment of a performance award earned, which vests 25% on March 14, 2023 and 25% on each of December 31, 2023, 2024 and 2025.
F2 Transaction represents the conversion of performance units earned based on 2021 performance. The units earned are paid in restricted stock units, which vest 25% on March 14, 2023 and 25% on each of December 31, 2023, 2024 and 2025.
F3 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.
F4 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.