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DMC Global Inc. — Director's Dealing 2023
Mar 8, 2023
33808_dirs_2023-03-07_f7a562f1-77ee-42ab-a6c6-df697a115382.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DMC Global Inc. (BOOM)
CIK: 0000034067
Period of Report: 2023-03-05
Reporting Person: KUTA MICHAEL (Co-President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-05 | Common Stock | M | 12182 | — | Acquired | 65376 | Direct |
| 2023-03-05 | Common Stock | F | 5331 | $27.08 | Disposed | 60045 | Direct |
| 2023-03-05 | Common Stock | M | 4869 | — | Acquired | 64914 | Direct |
| 2023-03-05 | Common Stock | F | 2131 | $27.08 | Disposed | 62783 | Direct |
| 2023-03-05 | Common Stock | F | 711 | $27.08 | Disposed | 62072 | Direct |
| 2023-03-05 | Common Stock | F | 3554 | $27.08 | Disposed | 58518 | Direct |
| 2023-03-05 | Common Stock | F | 2983 | $27.08 | Disposed | 55535 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-05 | Performance Share Units | $ | M | 12182 | Disposed | Common Stock (12182.0) | Direct | |
| 2023-03-05 | Performance Share Units | $ | M | 4869 | Disposed | Common Stock (4869.0) | Direct |
Footnotes
F1: Represents withholding of shares to satisfy tax obligations upon the vesting of the underlying award. Vesting of the underlying awards occurred on March 5, 2023 due to the terms of the reporting person's previously disclosed retirement agreement.
F2: Each Performance Share Unit ("PSU") represents the contingent right to receive one share of the Issuer's common stock based on certain vesting conditions.
F3: On March 2, 2022, 12,182 PSUs were granted. The vesting and award of Issuer's common stock was contingent upon achievement of specified performance targets over the three-year period from 2022 through 2025, with potential to earn a number of shares of common stock between 0% and 200% of the number of target PSUs awarded; however, the Issuer entered into a retirement agreement with the reporting person on September 29, 2022. This retirement agreement stipulated the vesting of the PSUs at target on the retirement date, March 5, 2023. As such, 12,182 PSUs vested and were awarded to the reporting person.
F4: On February 23,2021, 4,869 PSUs were granted. The vesting and award of Issuer's common stock was contingent upon achievement of specified performance targets over the three-year period from 2021 through 2023, with potential to earn a number of shares of common stock between 0% and 200% of the number of target PSUs awarded; however, the Issuer entered into a retirement agreement with the reporting person on September 29, 2022. This retirement agreement stipulated the vesting of the PSUs at target on the retirement date, March 5, 2023. As such, 4,869 PSUs vested and were awarded to the reporting person.