Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

DMC Global Inc. Director's Dealing 2020

Feb 28, 2020

33808_dirs_2020-02-28_6a7ec513-fb8e-4815-a067-c134ebff63b6.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DMC Global Inc. (BOOM)
CIK: 0000034067
Period of Report: 2020-02-26

Reporting Person: LONGE KEVIN T (Director, President and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2020-02-26 Common Stock A 26483 Acquired 44152 Direct
2020-02-26 Common Stock F 1702 $37.76 Disposed 42450 Direct
2020-02-27 Common Stock M 200 Acquired 42650 Direct
2020-02-27 Common Stock F 200 $36.90 Disposed 42450 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2020-02-26 Performance Share Units $ A 26483 Acquired Common Stock (26483.0) Direct
2020-02-27 Deferred Stock $ M 200 Disposed Common Stock (200.0) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 50 Indirect

Footnotes

F1: This stock award is subject to the lapse of time-based restrictions. The restrictions will lapse with respect to one-third of the shares in equal amounts on each of the first, second and third anniversaries of the grant date.

F2: Represents withholding of shares to satisfy tax obligations upon the vesting of restricted stock.

F3: The reporting person disclaims beneficial ownership of these shares owned by his spouse.

F4: Each Performance Share Unit ("PSU") represents the contingent right to receive one share of the Issuer's common stock based on certain vesting conditions.

F5: The number of PSUs that will vest and the number of shares of Issuer's common stock that will be awarded, if any, is contingent on the Issuer's average Adjusted EBITDA as compared to target Adjusted EBITDA and the Issuer's total shareholder return ("TSR") relative to the TSR of identified peer companies achieved over the three year period from 2020 through 2022, with potential to earn a number of shares of common stock between 0% and 200% of the number of target PSUs awarded. This PSU award will cliff vest, if at all, after the performance period ending December 31, 2022.

F6: Each vested share of Deferred Stock represents the right to receive one share of the Issuer's common stock.

F7: 20,000 shares of Deferred Stock were granted on February 27, 2018, and vest in equal amounts over 3 years on the grant date anniversary.

F8: The Deferred Stock will be delivered to the reporting person in a lump sum upon separation from service. The reporting person may transfer the Deferred Stock into an alternative investment six months and one day following vesting of the Deferred Stock.