DMC Global Inc. — Director's Dealing 2023

Mar 16, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DMC Global Inc. (BOOM)
CIK: 0000034067
Period of Report: 2023-03-01

Reporting Person: SHEPSTON MICHELLE H (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-14	Common Stock	A	8263	—	Acquired	39193	Direct
2023-03-01	Common Stock	M	318	—	Acquired	39511	Direct
2023-03-01	Common Stock	F	134	$26.77	Disposed	39377	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-14	Performance Share Units	$	A	8263	Acquired		Common Stock (8263.0)	Direct
2023-03-01	Deferred Stock	$	M	318	Disposed		Common Stock (318.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	100	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 delivery of issuer stock that was previously deferred.

F3: Each Performance Share Unit ("PSU") represents the contingent right to receive one share of the Issuer's common stock based on certain vesting conditions.

F4: 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 2023 through 2025, 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, 2025.

F5: Each vested share of Deferred Stock represents the right to receive one share of the Issuer's common stock.

F6: 3,443 shares of Deferred Stock were granted on February 26, 2020 and vested in equal amounts over 3 years on the grant date anniversary.

F7: The Deferred Stock was delivered to the reporting person based on the in-service distribution election on March 1, 2023. The reporting person elected to distribute thirty percent of the deferred stock in three annual installments beginning March 1, 2023.