Cavanah Kevin S 4
4 · MATRIX SERVICE CO · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Matrix Service (MTRX) CFO Kevin Cavanah Sells 60,000 Shares
What Happened
Kevin S. Cavanah, VP Finance & Chief Financial Officer of Matrix Service Company (MTRX), disposed of 60,000 shares in an open-market sale on May 26, 2026. The shares were sold at a weighted average price of $12.90 per share for total proceeds of $773,820. This was a sale (not a purchase), commonly a routine disposition rather than an explicit signal about company prospects.
Key Details
- Transaction date: 2026-05-26 (filed same day).
- Transaction type: Open-market sale under Form 4 (code S).
- Shares sold: 60,000; weighted average price: $12.90; total value: $773,820.
- Reported price range: $12.79 to $13.06 across multiple trades; the filing notes the price shown is a weighted average and the filer can provide a breakdown on request.
- Footnote: The sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 23, 2026.
- Shares owned after transaction: Not disclosed in this filing.
Context
A 10b5-1 plan indicates the trades were executed under a pre-established plan, which is commonly used by insiders to schedule sales without contemporaneous discretion. The weighted average and reported price range show the sale occurred in multiple transactions. Sales are routine insider activity; for many investors, insider purchases tend to carry more informational weight than routine sales.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-26$12.90/sh−60,000$773,820→ 147,113 total
Footnotes (2)
- [F1]The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 23, 2026.
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.79 TO $13.06, inclusive. The reporting person undertakes to provide to Matrix Service Company, any security holder of Matrix Service Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth.