Matrix Service (MTRX) CFO Cavanah received 8,666 shares
Stocks in this Quantisnow insightConsumer Discretionary
Insider transactions reported
Kevin S Cavanah (VP Finance & CFO at Matrix Service Company, MTRX) reported that they received 8,666 shares, and acquired 14,580 shares, and gave up 6,762 shares at an average $9.96 to cover taxes or an exercise price between Aug 29, 2024 and Aug 30, 2024. After these transactions the filing shows 177,492 shares held directly.
- Reporting person
- Cavanah Kevin S
- Role
- VP Finance & CFO
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Aug 29, 2024 | Exercise or conversion of a derivative (M) | COMMON STOCK1 | +6,176 | - | - | 181,764 direct |
| Aug 29, 2024 | Sale back to the company (D) | COMMON STOCK | -6,176 | $9.95 | $61.5K | 175,588 direct |
| Aug 29, 2024 | Shares withheld for taxes or exercise price (F) | COMMON STOCK2 | -1,797 | $9.95 | $17.9K | 173,791 direct |
| Aug 30, 2024 | Exercise or conversion of a derivative (M) | COMMON STOCK1 | +8,404 | - | - | 177,246 direct |
| Aug 30, 2024 | Sale back to the company (D) | COMMON STOCK | -8,404 | avg $9.96 | $83.7K | 172,676 direct |
| Aug 30, 2024 | Shares withheld for taxes or exercise price (F) | COMMON STOCK2, 4 | -4,965 | avg $9.96 | $49.5K | 177,492 direct |
| Aug 30, 2024 | Grant or award (A) | COMMON STOCK3 | +8,666 | - | - | 180,013 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Aug 29, 2024 | Exercise or conversion of a derivative (M) | RESTRICTED STOCK UNITSOn 6,176 COMMON STOCK1, 5 | -6,176 | - | - | 18,527 direct |
| Aug 30, 2024 | Exercise or conversion of a derivative (M) | RESTRICTED STOCK UNITSOn 8,404 COMMON STOCK1, 6, 7 | -8,404 | - | - | 9,138 direct |
Holdings before and after
- COMMON STOCK: 175,588 to 177,492 direct
- RESTRICTED STOCK UNITS: 24,703 to 9,138 direct
Footnotes from the filing
- 1. 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.
- 2. SHARES DISPOSED TO SATISFY TAX OBLIGATION DUE ON VEST DATE FOR STOCK-SETTLED RESTRICTED STOCK UNITS.
- 3. SHARES RECEIVED ON CONVERSION OF PERFORMANCE STOCK UNIT AWARD AS PREDETERMINED MARKET-BASED CRITERIA WAS MET.
- 4. SHARES DISPOSED TO SATISFY TAX OBLIGATION DUE ON VEST DATE FOR STOCK-SETTLED PERFORMANCE STOCK UNITS.
- 5. FOR THIS SERVICE-BASED AWARD OF CASH-SETTLED RESTRICTED STOCK UNITS, 25% WILL VEST EACH YEAR FROM AUGUST 29, 2024 TO AUGUST 29, 2027.
Transaction codes in this filing
- Grant or award:
- Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
- Shares withheld for taxes or exercise price:
- Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.
- Sale back to the company:
- Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.
FAQ
What did Cavanah report in this MTRX Form 4?
Kevin S Cavanah (VP Finance & CFO at Matrix Service Company, MTRX) reported that they received 8,666 shares, and acquired 14,580 shares, and gave up 6,762 shares at an average $9.96 to cover taxes or an exercise price between Aug 29, 2024 and Aug 30, 2024. After these transactions the filing shows 177,492 shares held directly.
How many MTRX shares does Cavanah hold after this filing?
The filing shows 177,492 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code A mean on an SEC Form 4?
Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.
Historical context for MTRX
Earlier insider filings at MTRX
- Sep 3, 2024President & CEO Hewitt John R was granted 31,274 shares, converted options into 35,078 shares, returned $349,228 worth of shares to the company (35,078 units at $9.96) and covered exercise/tax liability with 21,537 shares, increasing direct ownership by 2% to 526,809 units (SEC Form 4)
- Aug 28, 2024VP Chief Bus Dev/Strat Officer Durkin Kevin A was granted 6,801 shares, increasing direct ownership by 9% to 78,608 units (SEC Form 4)
- Aug 28, 2024VP & General Counsel Sheets Justin D was granted 9,715 shares, increasing direct ownership by 17% to 65,254 units (SEC Form 4)
- Aug 28, 2024VP, Chief Admin Officer Austin Nancy E was granted 9,715 shares, increasing direct ownership by 12% to 91,882 units (SEC Form 4)
- Aug 28, 2024President, Matrix PDM Eng Rodgers Glyn A was granted 10,104 shares, increasing direct ownership by 23% to 54,115 units (SEC Form 4)
Keep researching MTRX
- MTRX insider tradesEvery buy and sale reported by Matrix Service Company officers, directors and large holders.
- What is Form 4?The SEC filing that reports a change in an insider's holdings, such as a purchase, sale, option exercise or grant, generally within two business days.
- Form 4 explainedForm 4 is the SEC filing that discloses when officers, directors and 10% owners buy or sell company stock, due within 2 business days. Learn every key field and code.
- Insider trading trackerThe latest insider buys and sales across every stock.
- MTRX earnings historyPast Matrix Service Company earnings releases, newest first.
- MTRX financial statementsRevenue, profit, cash flow and balance sheet from Matrix Service Company's SEC filings.
Quantisnow market dataNASDAQ
MTRX
Matrix Service Company
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Engineering & Construction
- Listed since
- 1990
Get push alerts for MTRX
Full MTRX profile on Quantisnow Follow MTRX and get a push notification the moment its next story breaks.
Original source Picked up and delivered by Quantisnow in real time