0000034067-23-000059.txt : 20230307
0000034067-23-000059.hdr.sgml : 20230307
20230307214146
ACCESSION NUMBER: 0000034067-23-000059
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230305
FILED AS OF DATE: 20230307
DATE AS OF CHANGE: 20230307
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KUTA MICHAEL
CENTRAL INDEX KEY: 0001603342
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14775
FILM NUMBER: 23714741
MAIL ADDRESS:
STREET 1: C/O DYNAMIC MATERIALS CORPORATION
STREET 2: 5405 SPINE ROAD
CITY: BOULDER
STATE: CO
ZIP: 80301
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DMC Global Inc.
CENTRAL INDEX KEY: 0000034067
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS PRIMARY METAL PRODUCTS [3390]
IRS NUMBER: 840608431
STATE OF INCORPORATION: CO
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 11800 RIDGE PARKWAY
STREET 2: SUITE 300
CITY: BROOMFIELD
STATE: CO
ZIP: 80021
BUSINESS PHONE: 3036655700
MAIL ADDRESS:
STREET 1: 11800 RIDGE PARKWAY
STREET 2: SUITE 300
CITY: BROOMFIELD
STATE: CO
ZIP: 80021
FORMER COMPANY:
FORMER CONFORMED NAME: DYNAMIC MATERIALS CORP
DATE OF NAME CHANGE: 19941205
FORMER COMPANY:
FORMER CONFORMED NAME: EXPLOSIVE FABRICATORS INC
DATE OF NAME CHANGE: 19920703
4
1
wf-form4_167824329434396.xml
FORM 4
X0306
4
2023-03-05
0
0000034067
DMC Global Inc.
BOOM
0001603342
KUTA MICHAEL
C/O DMC GLOBAL INC.
11800 RIDGE PARKWAY, SUITE 300
BROOMFIELD
CO
80021
0
1
0
0
Co-President and CEO
Common Stock
2023-03-05
4
M
0
12182
0
A
65376
D
Common Stock
2023-03-05
4
F
0
5331
27.08
D
60045
D
Common Stock
2023-03-05
4
M
0
4869
0
A
64914
D
Common Stock
2023-03-05
4
F
0
2131
27.08
D
62783
D
Common Stock
2023-03-05
4
F
0
711
27.08
D
62072
D
Common Stock
2023-03-05
4
F
0
3554
27.08
D
58518
D
Common Stock
2023-03-05
4
F
0
2983
27.08
D
55535
D
Performance Share Units
2023-03-05
4
M
0
12182
0
D
Common Stock
12182.0
0
D
Performance Share Units
2023-03-05
4
M
0
4869
0
D
Common Stock
4869.0
0
D
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.
Each Performance Share Unit ("PSU") represents the contingent right to receive one share of the Issuer's common stock based on certain vesting conditions.
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.
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.
/s/ Lindsey Rhodes, by Power of Attorney
2023-03-07