Matrix Service Company's SEC filings document operating results, governance matters and material events for an engineering and construction contractor serving energy and industrial markets. Its 8-K reports furnish quarterly and full-year financial results, non-GAAP reconciliations, liquidity, debt position, backlog, project awards and revenue guidance.
Proxy and annual-meeting filings describe board elections, director independence, committee structure, audit matters, executive compensation, shareholder voting results and risk oversight. Other current reports record executive departures, transition and separation arrangements, and leadership changes at the company and its Matrix NAC operating subsidiary.
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.
Matrix Service Co. insider Justin D. Sheets reported equity award activity and share dispositions tied to vesting and tax obligations. The report shows grant and vesting activity in both stock-settled and cash-settled restricted stock units (RSUs). Stock-settled RSUs covering 6,787 units were granted and will convert to one share per unit when vested, with 25% vesting each year over four years. A separate award of cash-settled RSUs included 2,429 units with a similar annual 25% vesting schedule. To satisfy tax obligations, 2,429 shares were disposed at $15.37 per share, reducing direct holdings. Following the transactions, beneficial ownership reported was 74,234 shares.
Matrix Service Co insider Nancy E. Austin, Vice President and Chief Administrative Officer, reported multiple equity transactions on 08/27/2025. She received 6,787 restricted stock units (RSUs) that vest 25% annually over four years and are cash-settled, and an additional 2,429 RSUs under a service-based award that vests 25% annually from 08/27/2025 to 08/27/2028. To cover tax obligations on stock-settled RSUs, she disposed of 2,429 shares and a further 706 shares were sold for tax withholding at $15.37 per share. Following these transactions, she beneficially owned 99,037 shares directly.
Douglas J. Montalbano, President, Matrix NAC and an officer of Matrix Service Company (MTRX), reported multiple equity-related transactions on 08/27/2025. The Form 4 shows the grant of 7,909 restricted stock units (RSUs) (cash-settled, vesting 25% annually beginning 08/27/2026) and an award of 2,462 RSUs (service-based cash-settled, 25% vesting annually from 08/27/2025 to 08/27/2028). Some shares were sold to satisfy withholding/tax obligations: 2,462 shares sold at $15.37 and 1,058 shares sold at $15.37. After the reported activity, the filing shows 55,843 shares of common stock beneficially owned by the reporting person.
Matrix Service Co (MTRX) insider filing: Shawn P. Payne, President, Engineering & Construction, reported multiple stock-based transactions on 08/27/2025. The filing shows grants of 16,416 restricted stock units (RSUs) settled in common stock and 32,800 shares recorded as acquired in non-derivative column, plus a 2,844-unit service-based RSU award (cash-settled). Some units vest 25% annually over four years. To satisfy tax obligations, 2,844 shares were disposed and an additional 1,115 shares were sold at $15.37. Following the transactions Payne beneficially owned 107,086 common shares.