Walter Eric V. 4
4 · DMC Global Inc. · Filed Mar 16, 2023
Insider Transaction Report
Form 4
DMC Global Inc.BOOM
Walter Eric V.
Chief Financial Officer
Transactions
- Award
Performance Share Units
2023-03-14+15,581→ 15,581 total→ Common Stock (15,581 underlying) - Award
Common Stock
2023-03-14+15,581→ 51,895 total
Footnotes (3)
- [F1]This stock award is subject to the lapse of time-based restrictions. The restrictions will lapse with respect to one-third of the shares in equal amounts on each of the first, second and third anniversaries of the grant date.
- [F2]Each Performance Share Unit ("PSU") represents the contingent right to receive one share of the Issuer's common stock based on certain vesting conditions.
- [F3]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 average Adjusted EBITDA as compared to target Adjusted EBITDA and the Issuer's total shareholder return ("TSR") relative to the TSR of identified peer companies achieved over the three year period from 2023 through 2025, with potential to earn a number of shares of common stock between 0% and 200% of the number of target PSUs awarded. This PSU award will cliff vest, if at all, after the performance period ending December 31, 2025.