Matrix Svc Co SEC Filings

Matrix Service Co. director John D. Chandler purchased 2,300 shares of common stock on 09/16/2025 at a weighted average price of $12.7448 per share. After the purchase he beneficially owns 78,053 shares, held directly. The Form 4 discloses the buy was executed in multiple trades at prices ranging from $12.71 to $12.7851 and the reporting person offered to provide a breakdown of shares purchased at each price upon request. The filing shows Chandler is a director and the form was filed individually.

Matrix Service Company reported fiscal 2025 results and disclosures showing $769.3 million of revenue for the year, of which $560.7 million related to fixed-price contracts, and reported cash and cash equivalents of $249.6 million. The company had 2,239 employees worldwide and safety performance (TRIR) of 0.51 in fiscal 2025, improving from 0.91 in 2024. Aggregate market value of common stock held by non-affiliates was approximately $316.4 million and there were 28,068,535 shares outstanding as of September 9, 2025. The borrowing base under the ABL Facility was $64.6 million at June 30, 2025, with no outstanding borrowings and $4.8 million of letters of credit, leaving $59.8 million availability. Remaining performance obligations were disclosed near $582.3 million. The company recorded $3.6 million of restructuring costs in fiscal 2025, placed valuation allowances on deferred tax assets ($6.5 million in 2025), performed a goodwill impairment test with no impairment, and noted customer concentration with one customer contributing $133.9 million (17.4%) and another $80.8 million (10.5%) of revenue.

Justin D. Sheets, Vice President, Legal & Operations Services of Matrix Service Company (MTRX), reported multiple equity transactions on August 29–30, 2025. The filings show service- and performance-based restricted stock units (RSUs/PSUs) converted or vested, with certain shares received and some shares disposed of to satisfy tax withholding obligations. A performance stock unit conversion generated 22,471 shares on August 30, 2025. Several cash-settled RSUs vested (3,483; 2,162; 2,577) and related tax-withholding disposals occurred at $15.13 per share. After the reported transactions, the filing shows beneficial ownership of 81,328 shares (direct). The filer notes that the RSUs are economically equivalent to common stock but are settled solely in cash when vested.

Matrix Service Co (MTRX) officer Douglas J. Montalbano reported multiple equity award vesting and related share transactions tied to restricted stock units (RSUs) and performance stock units (PSUs). Several cash‑settled RSUs vested and were recorded as acquisitions (economic equivalents to common shares) with corresponding disposals of shares to satisfy tax obligations. A performance stock unit award converted into 16,406 shares that increased beneficial ownership. Numerous disposals at $15.13 per share were used to cover taxes on stock‑settled awards, leaving Montalbano with 69,404 shares at one point and ending with 62,352 shares after tax‑withholding dispositions.

Nancy E. Austin, Vice President and Chief Administrative Officer of Matrix Service Company (MTRX), reported multiple insider transactions on August 29-30, 2025. The filings show grants and vesting-related movements in restricted stock units (RSUs) and the conversion of performance stock units into 22,471 shares on August 30, 2025 after predetermined market-based criteria were met. Several disposals occurred to satisfy tax obligations at a reported sale price of $15.13 per share. The filing states that the RSUs are cash-settled when vested, and lists incremental beneficial ownership figures for each transaction line, including a reported beneficial ownership of 110,331 shares on one line following a disposal.

Shawn P. Payne, President, Engineering & Construction of Matrix Service Co (MTRX), reported multiple equity transactions on 08/29/2025 and 08/30/2025. The filings show restricted stock units (cash-settled) vesting and converting, stock-settled restricted stock units and performance stock units vesting or converting, and share disposals to satisfy tax obligations. A conversion of performance stock units resulted in 24,567 shares credited, bringing a reported beneficial ownership high-water mark of 128,346 shares. Several disposals and tax-withholding share transfers and open-market sales at $15.13 reduced holdings to as low as 103,779 shares in the table. All RSUs are settled in cash when vested per the filing.

Kevin S. Cavanah, Vice President Finance & Chief Financial Officer of Matrix Service Co (MTRX), reported multiple insider transactions on 08/29/2025 and 08/30/2025. The filings show vesting and settlement activity of restricted stock units (RSUs) and performance stock units (PSUs), with cash-settled RSUs and stock-settled awards converting into shares.

The report records acquisitions by vesting (totaling 59, [aggregated] 39,847 shares received on conversion of a PSU) and contemporaneous dispositions to satisfy tax obligations and other sales at $15.13 per share. Following the transactions, Cavanah beneficially owned 222,712 shares at one point and later reported holdings of 207,113 and 185,784 in subsequent lines, reflecting vesting and tax-related share disposals. All RSUs are settled solely in cash when vested per the filing.

John R. Hewitt, President & CEO and a director of Matrix Service Company (MTRX), reported multiple transactions on Form 4 for 08/29/2025–08/30/2025. Mr. Hewitt received cash-settled restricted stock units (RSUs) and converted a performance stock unit award into 143,805 shares credited at $0. Several stock dispositions occurred to satisfy tax withholding on vesting and RSU settlements, and routine open-market sales at $15.13 per share reduced his direct holdings. Following these transactions, he beneficially owned 681,224 shares at one point and reported other post-transaction holdings as shown on the form.