Matrix Service (MTRX) CEO Shawn P. Payne Receives RSU Awards

What Happened Shawn P. Payne, President & CEO and a director of Matrix Service Company (MTRX), received two awards on 2026-08-25 totaling 60,874 units: 30,437 restricted stock units (RSUs) and 30,437 derivative/cash-settled RSUs. Both grants were reported at $0.00 per unit (total reported value $0) on the Form 4 filed 2026-08-27. The awards are compensation grants (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-08-25; Form 4 filed: 2026-08-27 (filed within the normal two business days).
• Grants: 30,437 RSUs (equity-style) and 30,437 derivative RSUs (cash-settled); combined total 60,874 units.
• Reported price/value: $0.00 per unit; total reported consideration $0.
• Vesting: One-third of the grant vests each year for the next three years on the anniversary dates (per footnotes).
• Settlement: The filing describes the units as economically equivalent to one share but notes all RSUs are settled solely in cash when vested (cash payment equal to share value).
• Shares owned after transaction: Not disclosed in the provided filing details.
• No 10b5-1 plan, tax-withholding sale, or immediate sale associated with these grants was reported.

Context These awards are compensation grants that vest over time and are primarily a retention/compensation mechanism rather than an immediate buy or sell signal. Because part or all of these units are cash-settled when vested, they may not result in issuance of new shares to Payne but will convert to cash based on Matrix’s share value at vesting. Purchases or sales by insiders tend to carry clearer signals about personal conviction; grants like this are routine executive compensation.