DMC Global (BOOM) CEO awarded 237,449 performance share units tied to 2026–2028 targets

Rhea-AI Filing Summary

OLEARY JAMES reported acquisition or exercise transactions in this Form 4 filing.

DMC Global Inc. reported that Executive Chair, President and CEO James O’Leary was granted 237,449 Performance Share Units (PSUs) on March 3, 2026. Each PSU represents a contingent right to receive one share of common stock, subject to performance-based vesting.

The actual number of PSUs that will vest depends on DMC Global’s cumulative Adjusted EBITDA and cumulative Adjusted Free Cash Flow compared to target levels over a three-year performance period from January 1, 2026 through December 31, 2028. Based on results for that period, O’Leary may ultimately earn between 0% and 200% of the target PSUs awarded.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider OLEARY JAMES

Role Exec. Chair, President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Performance Share Units	237,449	$0.00	--

Holdings After Transaction: Performance Share Units — 237,449 shares (Direct)

Footnotes (1)

1. Each Performance Share Unit ("PSU") represents the contingent right to receive one share of the Issuer's common stock based on certain vesting conditions. The number of PSUs that will vest and the number of shares of Issuer's common stock that will be awarded, if any, is contingent on the Issuer's cumulative Adjusted EBITDA as compared to target Adjusted EBITDA and the Issuer's cumulative Adjusted Free Cash Flow as compared to target Adjusted Free Cash Flow achieved over the three year performance period from January 1, 2026 through December 31, 2028, with potential to earn a number of shares of common stock between 0% and 200% of the number of target PSUs awarded.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

OLEARY JAMES

(Last) (First) (Middle)

C/O DMC GLOBAL INC

11800 RIDGE PARKWAY, SUITE 300

(Street)

BROOMFIELD CO 80021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DMC Global Inc. [ BOOM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Exec. Chair, President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Share Units	(1)	03/03/2026		A		237,449		(2)	(2)	Common Stock	237,449	$0	237,449	D

Explanation of Responses:

1. Each Performance Share Unit ("PSU") represents the contingent right to receive one share of the Issuer's common stock based on certain vesting conditions.

2. The number of PSUs that will vest and the number of shares of Issuer's common stock that will be awarded, if any, is contingent on the Issuer's cumulative Adjusted EBITDA as compared to target Adjusted EBITDA and the Issuer's cumulative Adjusted Free Cash Flow as compared to target Adjusted Free Cash Flow achieved over the three year performance period from January 1, 2026 through December 31, 2028, with potential to earn a number of shares of common stock between 0% and 200% of the number of target PSUs awarded.

Remarks:

	/s/ Lindsey Rhodes, by Power of Attorney	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did DMC Global (BOOM) report for James O’Leary?

DMC Global reported that Executive Chair, President and CEO James O’Leary received a grant of 237,449 Performance Share Units. These units are performance-based awards that may convert into shares of common stock if specific long-term financial targets are achieved over a defined period.

How many Performance Share Units were granted to the DMC Global (BOOM) CEO?

James O’Leary was granted 237,449 Performance Share Units. Each PSU represents a contingent right to receive one share of DMC Global common stock, depending on whether the company meets specified cumulative Adjusted EBITDA and Adjusted Free Cash Flow targets over the performance period.

What determines whether the DMC Global (BOOM) PSUs awarded to James O’Leary will vest?

Vesting of James O’Leary’s PSUs depends on DMC Global’s cumulative Adjusted EBITDA and cumulative Adjusted Free Cash Flow versus target levels. Performance is measured over a three-year period, and vesting outcomes range from no shares to double the target amount based on results.

What is the performance period for James O’Leary’s DMC Global (BOOM) PSU award?

The PSU performance period runs from January 1, 2026 through December 31, 2028. During this three-year span, DMC Global will track cumulative Adjusted EBITDA and Adjusted Free Cash Flow against targets to determine how many, if any, PSUs ultimately convert into shares.

How many DMC Global (BOOM) shares can James O’Leary ultimately earn from his PSUs?

James O’Leary can earn between 0% and 200% of the 237,449 target PSUs. The exact number of common shares ultimately delivered will depend on DMC Global’s cumulative Adjusted EBITDA and Adjusted Free Cash Flow performance versus targets over the 2026–2028 period.

Do the DMC Global (BOOM) Performance Share Units for James O’Leary have an exercise price?

The reported transaction shows the PSU grant at a price of 0.0000 per unit, indicating no cash exercise price. Instead, the award is purely performance-based, with shares delivered only if DMC Global meets specified financial targets over the three-year performance period.