Michael Kuta - Mar 5, 2023 Form 4 Insider Report for DMC Global Inc. (BOOM)

Signature
/s/ Lindsey Rhodes, by Power of Attorney
Stock symbol
BOOM
Transactions as of
Mar 5, 2023
Transactions value $
-$398,347
Form type
4
Date filed
3/7/2023, 08:41 PM
Previous filing
Mar 6, 2023
Next filing
Jan 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOOM Common Stock Options Exercise $0 +12.2K +22.9% $0.00 65.4K Mar 5, 2023 Direct
transaction BOOM Common Stock Tax liability -$144K -5.33K -8.15% $27.08 60K Mar 5, 2023 Direct F1
transaction BOOM Common Stock Options Exercise $0 +4.87K +8.11% $0.00 64.9K Mar 5, 2023 Direct
transaction BOOM Common Stock Tax liability -$57.7K -2.13K -3.28% $27.08 62.8K Mar 5, 2023 Direct F1
transaction BOOM Common Stock Tax liability -$19.3K -711 -1.13% $27.08 62.1K Mar 5, 2023 Direct F1
transaction BOOM Common Stock Tax liability -$96.2K -3.55K -5.73% $27.08 58.5K Mar 5, 2023 Direct F1
transaction BOOM Common Stock Tax liability -$80.8K -2.98K -5.1% $27.08 55.5K Mar 5, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BOOM Performance Share Units Options Exercise $0 -12.2K -100% $0.00* 0 Mar 5, 2023 Common Stock 12.2K Direct F2, F3
transaction BOOM Performance Share Units Options Exercise $0 -4.87K -100% $0.00* 0 Mar 5, 2023 Common Stock 4.87K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents withholding of shares to satisfy tax obligations upon the vesting of the underlying award. Vesting of the underlying awards occurred on March 5, 2023 due to the terms of the reporting person's previously disclosed retirement agreement.
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 On March 2, 2022, 12,182 PSUs were granted. The vesting and award of Issuer's common stock was contingent upon achievement of specified performance targets over the three-year period from 2022 through 2025, with potential to earn a number of shares of common stock between 0% and 200% of the number of target PSUs awarded; however, the Issuer entered into a retirement agreement with the reporting person on September 29, 2022. This retirement agreement stipulated the vesting of the PSUs at target on the retirement date, March 5, 2023. As such, 12,182 PSUs vested and were awarded to the reporting person.
F4 On February 23,2021, 4,869 PSUs were granted. The vesting and award of Issuer's common stock was contingent upon achievement of specified performance targets over the three-year period from 2021 through 2023, with potential to earn a number of shares of common stock between 0% and 200% of the number of target PSUs awarded; however, the Issuer entered into a retirement agreement with the reporting person on September 29, 2022. This retirement agreement stipulated the vesting of the PSUs at target on the retirement date, March 5, 2023. As such, 4,869 PSUs vested and were awarded to the reporting person.