DMC Global Inc. SEC Filings

DMC Global Inc. reported that Chief Financial Officer Walter Eric V. received a grant of 54,274 Performance Share Units (PSUs) on March 3, 2026. Each PSU represents a contingent right to one share of common stock, with no cash purchase price.

The number of PSUs that ultimately vest depends on DMC Global’s cumulative Adjusted EBITDA and Adjusted Free Cash Flow versus preset targets over a three-year performance period from January 1, 2026 through December 31, 2028. The award can result in between 0% and 200% of the target PSUs converting into common shares.

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.

DMC Global Inc. is adjusting how it rewards top executives by granting new long‑term cash-based incentives instead of stock, because there are not enough shares available under its 2025 Omnibus Incentive Plan. The Compensation Committee approved these awards for several named executive officers as part of the regular long‑term incentive cycle.

President and CEO James O’Leary, CFO Eric Walter, and the leaders of the DynaEnergetics and NobelClad units received time‑based cash awards that vest in three equal installments over three years. In addition, the DynaEnergetics and NobelClad heads can earn performance-based cash awards ranging from 0% to 200% of a target amount if multi‑year Adjusted EBITDA and Adjusted Free Cash Flow goals for their businesses are met. O’Leary and Walter also received equity performance awards consistent with their employment agreements and the company’s historical equity grant practices.

DMC Global Inc. reported an insider tax-related share disposition by its Chief Accounting Officer, Brett A. Seger. On February 26, 2026, Seger had 1,212 shares of common stock withheld at $6.39 per share to satisfy tax obligations upon vesting of an underlying equity award.

After this tax-withholding disposition, Seger directly owned 23,233 shares of DMC Global common stock. The transaction was coded as a tax-liability payment rather than an open-market purchase or sale.

DMC Global Inc. Chief Financial Officer Walter Eric V. reported two tax-related share dispositions of company common stock. On February 26, he disposed of 6,407 shares at $6.39 per share, and on February 28, he disposed of 2,921 shares at $5.89 per share.

Both transactions were coded as tax-withholding dispositions to satisfy obligations upon vesting of equity awards, rather than open-market sales. After these transactions, he directly owned 102,302 shares of DMC Global common stock.

DMC Global Inc. executive Ian Grieves reported multiple equity award transactions involving Restricted Stock Units (RSUs) and common stock. On February 26, 2026, 8,486 RSUs vested and were converted into 8,486 shares of common stock, with 3,761 shares withheld at $6.39 per share to cover tax obligations. On February 28, 2026, 4,464 RSUs vested and were converted into 4,464 shares, with 1,978 shares withheld at $5.89 per share for taxes.

After these transactions, Grieves directly owned 79,736 shares of DMC Global common stock. Footnotes indicate the RSUs were part of multi-year grants made in February 2024 and February 2025, with additional tranches scheduled to vest in 2027 and 2028.

DMC Global Inc. executive Antoine Nobili, President of NobelClad, acquired shares through the vesting of restricted stock units. On February 28, 2026, 2,304 RSUs were exercised at $0.00 per share, converting into 2,304 shares of common stock rather than an open-market purchase.

After these transactions, Nobili directly owned 20,273 shares of common stock and 1,151 RSUs. The footnotes state that the original grant was 3,455 RSUs on February 28, 2024, with 2,304 vesting on February 28, 2026 and the remaining portion scheduled to vest on February 28, 2027.

Steel Partners–affiliated entities updated their ownership disclosure in DMC Global Inc. The group, through Steel Connect Sub LLC, reports beneficial ownership of 1,194,441 shares of DMC Global common stock, or about 5.8% of the company, based on 20,590,482 shares outstanding as of October 31, 2025.

The filing states that these shares were bought in the open market for an aggregate purchase price of approximately $20,994,267, funded with Steel Connect Sub’s cash on hand. Several related Delaware entities may be deemed to share voting and dispositive power over this stake.

DMC Global Inc. reports 2025 net sales of $609,840 thousand, driven by three manufacturing businesses serving construction, energy and industrial markets. Arcadia Products focuses on commercial and high-end residential architectural systems, DynaEnergetics on oil and gas perforating systems, and NobelClad on explosion-welded clad metal plates.

Arcadia Products contributed about 40% of 2025 consolidated net sales, DynaEnergetics about 44%, and NobelClad about 15%. Sales were concentrated in the United States at $492,433 thousand, with additional international exposure. The company highlights extensive risk factors, including construction and energy cycles, raw material costs, supply-chain constraints, inflation and interest rates.

DMC employs roughly 1,500 people, emphasizes environmental sustainability and safety, and invests in R&D, including $4,226 thousand at DynaEnergetics in 2025. A 60% stake in Arcadia Products is held through DMC, with options in place to buy or sell the remaining 40% interest under a put/call structure.