AI assistant
MATRIX SERVICE CO — Director's Dealing 2023
Aug 31, 2023
33135_dirs_2023-08-31_bfd777e7-32a3-404e-88c0-5f05e06e9141.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MATRIX SERVICE CO (MTRX)
CIK: 0000866273
Period of Report: 2023-08-29
Reporting Person: Cavanah Kevin S (VP Finance & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-08-29 | COMMON STOCK | A | 24703 | — | Acquired | 159386 | Direct |
| 2023-08-30 | COMMON STOCK | M | 3834 | — | Acquired | 163220 | Direct |
| 2023-08-30 | COMMON STOCK | D | 3834 | $8.53 | Disposed | 159386 | Direct |
| 2023-08-30 | COMMON STOCK | M | 4570 | — | Acquired | 163956 | Direct |
| 2023-08-30 | COMMON STOCK | D | 4570 | $8.53 | Disposed | 159386 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-08-29 | RESTRICTED STOCK UNITS | $ | A | 24703 | Acquired | 2027-08-29 | COMMON STOCK (24703.0) | Direct |
| 2023-08-30 | RESTRICTED STOCK UNITS | $ | M | 3834 | Disposed | 2025-08-30 | COMMON STOCK (3834.0) | Direct |
| 2023-08-30 | RESTRICTED STOCK UNITS | $ | M | 4570 | Disposed | 2026-08-30 | COMMON STOCK (4570.0) | Direct |
Footnotes
F1: MATRIX SERVICE COMPANY COMMON STOCK.
F2: RESTRICTED STOCK UNIT - EACH UNIT WILL ENTITLE THE REPORTING PERSON TO ONE SHARE OF MATRIX SERVICE COMPANY COMMON STOCK IF AND WHEN THE CONDITIONS OF THE RESTRICTION HAVE BEEN SATISFIED. FOR THIS GRANT, 25% WILL VEST EACH YEAR FOR THE NEXT FOUR YEARS ON THE ANNIVERSARY DATES.
F3: 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.
F4: INCLUDES 109,779 SHARES OF MATRIX SERVICE COMPANY COMMON STOCK OWNED OUTRIGHT.
F5: EACH UNIT WILL ENTITLE THE REPORTING PERSON TO THE CASH EQUIVALENT OF ONE SHARE OF MATRIX SERVICE COMPANY COMMON STOCK IF AND WHEN THE CONDITIONS OF THE RESTRICTION HAVE BEEN SATISFIED. FOR THIS GRANT, 25% WILL VEST EACH YEAR FOR THE NEXT FOUR YEARS ON THE ANNIVERSARY DATES.
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.