Dominic A. Savarino, Senior Vice President and Chief Financial Officer of Matrix Service Co, filed an initial statement of beneficial ownership on November 6, 2026, disclosing direct holdings of common stock and cash-settled restricted stock units.

Key Highlights

  • Reporting person: Dominic A. Savarino, identified as SVP and CFO of Matrix Service Co (NASDAQ:MTRX).
  • Common stock: 11,161 shares of common stock held directly, according to the filing.
  • Restricted Stock Units: 11,161 cash-settled restricted stock units (RSUs) held directly, each described as the economic equivalent of one share of Matrix Service Company Common Stock.
  • Vesting schedule: The RSUs vest 33.33% per year from October 19, 2027 through October 19, 2029, per the filing's explanation of responses.
  • Settlement method: According to the filing, all restricted stock units are settled solely in cash when vested, not in shares.
  • Event date: The date of event requiring the statement is listed as November 6, 2026.

Savarino's Initial Beneficial Ownership at Matrix Service Co

The filing represents Dominic A. Savarino's initial statement of beneficial ownership required under Section 16(a) of the Securities Exchange Act of 1934. Savarino is identified as an officer of Matrix Service Co, holding the title of SVP and CFO. The filing was submitted on November 6, 2026, with the same date listed as the event requiring the statement.

According to Table I of the filing, Savarino directly owns 11,161 shares of Matrix Service Co common stock. Table II discloses an additional 11,161 cash-settled restricted stock units, classified as derivative securities. The filing notes that each RSU is "the economic equivalent of one share of Matrix Service Company Common Stock" and that "All Restricted Stock Units are settled solely in Cash when vested." No indirect ownership in either common stock or RSUs is reported.

The RSU award is described as a service-based grant, with a vesting schedule beginning October 19, 2027, and concluding October 19, 2029. Per the filing's explanation, 33.33% of the award vests each year over that three-year window. Because the units are cash-settled, vesting does not result in the issuance of common stock shares.

What Was Disclosed

Dominic A. Savarino filed an initial beneficial ownership statement as SVP and CFO of Matrix Service Co, disclosing direct ownership of 11,161 common shares and 11,161 cash-settled RSUs vesting annually from 2027 to 2029.