Matrix Service Executive Compensation (FY26)

Name: Matrix Service (MTRX) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

MTRX · Tulsa, OK · Executive and director compensation, fiscal 2022 to 2026

Chief executive, fiscal 2026

◇

John Hewitt

Latest say-on-pay support

November 4, 2025

Chief executive pay ratio

◇

To the median employee

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Data as of November 5, 2026Latest filing (DEF 14A): September 23, 2026

16 filings cited on this page

Method: intel.velarion.ai/methodology

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290 figures on this page: 276 cited to the filing that reported them, 14 calculated from figures it prints. See the citations

Frequently asked questions

Answers drawn from the data on this page.

Who is Matrix Service's chief executive and what were they paid?

Total compensation for John Hewitt, Chief Executive Officer, came to $6,741,465 in fiscal 2026. Hewitt's total moved 119.6% higher from the $3,069,459 reported for fiscal 2025.

What was Matrix Service's say-on-pay result?

For fiscal 2025, shareholders backed the say-on-pay proposal with 93.2% of votes cast including abstentions in favor at the meeting held November 4, 2025.

Which companies are in Matrix Service's peer group?

Companies named in the disclosed peer group include Ameresco Inc., Arcosa Inc., Argan, Inc., Babcock and Wilcox Enterprises Inc. and Concrete Pumping Holdings Inc., among others.

What is Matrix Service's chief executive pay ratio?

The company reported a chief executive pay ratio of 57:1 for fiscal 2026, against median employee compensation of $118,186.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
John Hewitt Chief Executive Officer	◇	—	◇	—	—	—	◇	◇
Alan Updyke Chief Operating Officer	◇	—	◇	—	—	—	◇	◇
Kevin Cavanah Chief Financial Officer	◇	—	◇	—	—	—	◇	◇
Bradley Rinehart Former President—Matrix Service Inc. Departed during or after this year	◇	—	◇	—	—	—	◇	◇
Glyn Rodgers President—Matrix PDM Engineering	◇	—	◇	—	—	—	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
John Hewitt Chief Executive Officer	◇	—	◇	—	—	—	◇	◇
Alan Updyke Chief Operating Officer	◇	—	◇	—	—	—	◇	◇
Kevin Cavanah Chief Financial Officer	◇	—	◇	—	—	—	◇	◇
Bradley Rinehart Former President Matrix Service Inc. Departed during or after this year	◇	—	—	—	—	—	◇	◇
Shawn Payne President Matrix Service Inc.	◇	—	◇	—	—	—	◇	◇
Glyn Rodgers President Matrix PDM Engineering	◇	—	◇	—	—	—	◇	◇

Fiscal 2024

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
John Hewitt Chief Executive Officer	◇	—	◇	—	—	—	◇	◇
Alan Updyke Chief Operating Officer	◇	—	◇	—	—	—	◇	◇
Kevin Cavanah Chief Financial Officer	◇	—	◇	—	—	—	◇	◇
Shawn Payne Chief Operating Officer	◇	—	◇	—	—	—	◇	◇
Glyn Rodgers President—Matrix PDM Engineering	◇	—	◇	—	—	—	◇	◇
Nancy Austin Former Chief Administrative Officer	◇	—	◇	—	—	—	◇	◇
Justin Sheets Senior Vice President, Enterprise Services	◇	—	◇	—	—	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
John Hewitt Chief Executive Officer	◇	—	◇	—	—	—	◇	◇
Alan Updyke Former Chief Operating Officer Departed during or after this year	◇	—	◇	—	—	—	◇	◇
Glyn Rodgers Former President Matrix PDM Engineering Departed during or after this year	◇	—	◇	—	—	—	◇	◇
Kevin Cavanah Chief Financial Officer	◇	—	◇	—	—	—	◇	◇
Shawn Payne Chief Operating Officer	◇	—	◇	—	—	—	◇	◇
Douglas Montalbano President Matrix North American Construction	◇	—	◇	—	—	—	◇	◇
Nancy Austin Former Chief Administrative Officer	◇	—	◇	—	—	—	◇	◇
Justin Sheets Senior Vice President, Enterprise Services	◇	—	◇	—	—	—	◇	◇

Fiscal 2026

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
John Hewitt Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
Shawn Payne Chief Operating Officer	◇	◇	◇	—	◇	—	◇	◇
Nancy Austin Former Chief Administrative Officer Departed during or after this year	◇	—	◇	—	—	—	◇	◇
Kevin Cavanah Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇
Justin Sheets Senior Vice President, Enterprise Services	◇	—	◇	—	◇	—	◇	◇

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.

Fiscal 2025

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Alan R. Updyke	RSU	◇	—	—	◇	—	—	◇
Alan R. Updyke	PSU	◇	◇	◇	◇	◇	—	◇
Douglas J. Montalbano	PSU	◇	◇	◇	◇	◇	—	◇
Glyn A. Rodgers	RSU	◇	—	—	◇	—	—	◇
Glyn A. Rodgers	PSU	◇	◇	◇	◇	◇	—	◇
John R. Hewitt	PSU	◇	◇	◇	◇	◇	—	◇
Kevin S. Cavanah	PSU	◇	◇	◇	◇	◇	—	◇
Nancy E. Austin	PSU	◇	◇	◇	◇	◇	—	◇
Shawn P. Payne	PSU	◇	◇	◇	◇	◇	—	◇

Fiscal 2022, 2023, 2024 are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.

As disclosed at fiscal 2026 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
John Hewitt	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
	RSU	◇	=	—	—
Shawn Payne	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
	RSU	◇	=	—	—
Kevin Cavanah	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
	RSU	◇	=	—	—
Justin Sheets	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
	RSU	◇	=	—	—
Nancy Austin	RSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

John Hewitt

Chief Executive Officer · Employment agreement

Severance multiple	◇
Severance base	◇
Severance cash amount	◇
Change-in-control multiple	◇
Benefits continuation on change in control	◇
Benefits continuation	◇

Justin Sheets

Senior Vice President, Enterprise Services · Terms as described in the company’s compensation discussion

Severance multiple	◇
Severance base	◇
Change-in-control multiple	◇

Kevin Cavanah

Chief Financial Officer · Terms as announced by the company

Severance multiple	◇
Severance base	◇
Change-in-control multiple	◇

Nancy Austin

Former Chief Administrative Officer · Terms as described in the company’s compensation discussion

Severance multiple	◇
Severance base	◇
Change-in-control multiple	◇

Shawn Payne

Chief Operating Officer · Terms as announced by the company

Severance multiple	◇
Severance base	◇
Change-in-control multiple	◇

Director compensation

What each non-employee director was paid.

Fiscal 2026

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
John D. Chandler Board chair	◇	◇	—	—	—	—	◇
Martha Z. Carnes	◇	◇	—	—	—	—	◇
Carlin G. Conner	◇	◇	—	—	—	—	◇
James H. Miller	◇	◇	—	—	◇	—	◇
Liane K. Hinrichs	◇	◇	—	—	—	—	◇
Jose L. Bustamante	◇	◇	—	—	◇	—	◇

Shawn P. Payne served on the board in fiscal 2026 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.

Board cash retainer	◇
Board equity retainer	◇
Total board retainer	◇
Board chair premium	◇
Audit committee chair	◇
Compensation committee chair	◇
Nominating and governance chair	◇

Equity is delivered as restricted stock units.

Stock ownership guideline: As of our most recent evaluation date in May 2026, all of our NEOs and non-employee directors met their equity ownership guidelines.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2026

Ameresco Inc. AMRC
Arcosa Inc. ACA
Argan, Inc. AGX
Babcock and Wilcox Enterprises Inc. symbol not shown
Concrete Pumping Holdings Inc. BBCP
Dycom Industries Inc. DY
EMCOR Group Inc. EME
Granite Construction Inc. GVA
IES Holdings Inc. IESC
KBR Inc. KBR
Limbach Holdings Inc. LMB
MasTec Inc. MTZ
Mistras Group Inc. MG
MYR Group Inc. MYRG
NPK International Inc. NPKI
NV5 Global Inc. NVEE
NWPX Infrastructure Inc. NWPX
Orion Group Holdings Inc. ONL
Primoris Services Corporation PRIM
Sterling Infrastructure Inc. STRL

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	November 4, 2025	=	◇	◇	◇
2023	November 5, 2024	=	◇	◇	◇
2022	November 14, 2023	=	◇	◇	◇
2021	December 5, 2022	=	◇	◇	◇
2020	November 2, 2021	=	◇	◇	◇
2019	November 3, 2020	=	◇	◇	◇
2018	November 5, 2019	=	◇	◇	◇
2017	October 30, 2018	=	◇	◇	◇
2016	October 31, 2017	=	◇	◇	◇
2015	November 11, 2016	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

Chief executive total compensation

◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”

- John Hewitt (Chief Executive Officer), FY2026 total compensation $6,741,465 (base salary $800,000) [exec_comp, SEC accession 0001140361-26-037426, filed 2026-09-23]

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What this page does not include

Everything above is a fact Matrix Service disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Matrix Service sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

Executive Compensation Report — $500

Written compensation analysis

A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.

Executive Compensation Report — $500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $500

Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

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Adviser switching and vote outcomes

Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.

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Multiple companies at once

Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.

290 figures on this page: 276 cited to the filing that reported them, 14 calculated from figures it prints.

276 cited to the filing

14 calculated from the filing

Documents cited

DEF 14A, filed September 23, 2026
0001140361-26-037426
CEO Pay Ratio · Director Compensation · Outstanding Equity Awards at Fiscal Year-End for 2026 · Summary Compensation Table
Filing, filed September 23, 2026
8-K, filed November 4, 2025
0000866273-25-000081
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed September 24, 2025
0001140361-25-036001
Compensation Discussion and Analysis · Grants of Plan-Based Awards During Fiscal 2025 · Summary Compensation Table
8-K, filed November 6, 2024
0000866273-24-000114
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed September 25, 2024
0001140361-24-041884
Summary Compensation Table
8-K, filed November 16, 2023
0000866273-23-000083
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed October 5, 2023
0001140361-23-047147
Summary Compensation Table
8-K, filed December 7, 2022
0000866273-22-000137
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed October 24, 2022
0001140361-22-038225
Summary Compensation Table
8-K, filed November 8, 2021
0000866273-21-000111
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed November 4, 2020
0000866273-20-000124
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed November 7, 2019
0000866273-19-000119
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed November 1, 2018
0000866273-18-000108
8-K, filed November 3, 2017
0000866273-17-000117
8-K, filed November 15, 2016
0000866273-16-000248
Item 5.07 Submission of Matters to a Vote of Security Holders

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Velarion, “Matrix Service executive compensation, FY2022–FY2026.” https://intel.velarion.ai/comp/MTRX (accessed 2026).

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The paid brief for Matrix Service

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

$500 for the Executive Compensation Report. Both reports for $900.

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16 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

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Peers Matrix Service discloses

The companies named in MTRX's own disclosed peer group.

Ameresco Inc.Arcosa Inc.Argan, Inc.Concrete Pumping Holdings Inc.Dycom Industries Inc.EMCOR Group Inc.Granite Construction Inc.IES Holdings Inc.KBR Inc.Limbach Holdings Inc.MasTec Inc.Mistras Group Inc.MYR Group Inc.NPK International Inc.NV5 Global Inc.NWPX Infrastructure Inc.Orion Group Holdings Inc.Primoris Services Corporation Sterling Infrastructure Inc.

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data

APA

Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854

BibTeX

@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}

More on Matrix Service

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Severance and change in control

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

Chief executive pay ratio

What this page does not include

Citations

Documents cited

The paid brief for Matrix Service

Peers Matrix Service discloses

Terms on this page