Form 4: Matrix Service Co: Officer Montalbano Reports Stock Transactions
SEC Form 4 Filing
Douglas J. Montalbano, President of Matrix NAC, reports the acquisition and disposal of Matrix Service Co. common stock and restricted stock units on August 24, 2024.
Summary
- On August 24, 2024, Douglas J. Montalbano, President of Matrix NAC, reported transactions involving Matrix Service Co. common stock and restricted stock units.
- Montalbano acquired 1,114 shares of common stock.
- He also disposed of 1,114 shares of common stock at a price of $10.
- Additionally, 478 shares were disposed of to satisfy tax obligations related to vested restricted stock units at a price of $10.
- Following these transactions, Montalbano beneficially owns 40,431 shares of Matrix Service Co. common stock, which includes 18,251 shares owned outright.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company officer, as required by the SEC. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company officer.
- The disposal of shares to cover tax obligations is a standard practice and has no significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 08/24/2021 | Initial date for service-based award of cash-settled restricted stock units, vesting 25% each year until August 24, 2024. |
| 08/24/2024 | Date of transactions involving common stock and restricted stock units. |
| 08/24/2024 | Expiration date for restricted stock units. |
| 08/27/2024 | Date of signature for the report. |
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