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MATRIX SERVICE CO — Director's Dealing 2024
Sep 3, 2024
33135_dirs_2024-09-03_e6fc8407-f8d8-4546-a50f-19cf084b6de4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MATRIX SERVICE CO (MTRX)
CIK: 0000866273
Period of Report: 2024-08-29
Reporting Person: PAYNE SHAWN P (President, Matrix Service)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-08-29 | COMMON STOCK | M | 4077 | — | Acquired | 64294 | Direct |
| 2024-08-29 | COMMON STOCK | D | 4077 | $9.95 | Disposed | 60217 | Direct |
| 2024-08-29 | COMMON STOCK | F | 1604 | $9.95 | Disposed | 58613 | Direct |
| 2024-08-30 | COMMON STOCK | M | 1513 | — | Acquired | 60126 | Direct |
| 2024-08-30 | COMMON STOCK | D | 1513 | $9.96 | Disposed | 58613 | Direct |
| 2024-08-30 | COMMON STOCK | F | 595 | $9.96 | Disposed | 58018 | Direct |
| 2024-08-30 | COMMON STOCK | M | 2817 | — | Acquired | 60835 | Direct |
| 2024-08-30 | COMMON STOCK | D | 2817 | $9.96 | Disposed | 58018 | Direct |
| 2024-08-30 | COMMON STOCK | F | 1108 | $9.96 | Disposed | 56910 | Direct |
| 2024-08-30 | COMMON STOCK | A | 3421 | — | Acquired | 60331 | Direct |
| 2024-08-30 | COMMON STOCK | F | 1346 | $9.96 | Disposed | 58985 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-08-29 | RESTRICTED STOCK UNITS | $ | M | 4077 | Disposed | 2027-08-29 | COMMON STOCK (4077) | Direct |
| 2024-08-30 | RESTRICTED STOCK UNITS | $ | M | 1513 | Disposed | 2025-08-30 | COMMON STOCK (1513) | Direct |
| 2024-08-30 | RESTRICTED STOCK UNITS | $ | M | 2817 | Disposed | 2026-08-30 | COMMON STOCK (2817) | Direct |
Footnotes
F1: 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.
F2: SHARES DISPOSED TO SATISFY TAX OBLIGATION DUE ON VEST DATE FOR STOCK-SETTLED RESTRICTED STOCK UNITS.
F3: SHARES RECEIVED ON CONVERSION OF PERFORMANCE STOCK UNIT AWARD AS PREDETERMINED MARKET-BASED CRITERIA WAS MET.
F4: SHARES DISPOSED TO SATISFY TAX OBLIGATION DUE ON VEST DATE FOR STOCK-SETTLED PERFORMANCE STOCK UNITS.
F5: FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS, 25% WILL VEST EACH YEAR FROM AUGUST 29, 2024 TO AUGUST 29, 2027.
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.