Matthews International executive discloses share and RSU stakes
Matthews International Corp executive Babe G. Brandon, President, Engineering, reported his initial ownership of company equity.
Rhea-AI Filing Summary
Matthews International Corp executive Babe G. Brandon, President, Engineering, reported his initial ownership of company equity. He directly holds 9,367 shares of Class A common stock. He also holds several restricted share unit (RSU) awards that may convert into common stock if vesting conditions are met.
One performance-based RSU grant can convert into up to 26,000 shares of common stock based on a division achieving adjusted EBITDA targets through November 17, 2026, with continued employment required. Additional awards cover 10,000 and 12,500 underlying shares, tied to time-based vesting, ROIC metrics, and stock price appreciation, with most units vesting by November 18, 2027 and another time-based grant vesting on November 17, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Babe G. Brandon
Role
President, Engineering
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 48,500 contracts (Direct);
Class A Common Stock — 9,367 shares (Direct)
Footnotes (3)
- F1. In general, the grant vests at target based upon a division in the Company achieving certain metrics based on adjusted EBITDA through November 17, 2026. Vesting of performance-based units are generally subject to continuing employment through November 17, 2026. Upon vesting, performance-based units will be converted to the Company's common stock using a factor ranging from 10% to 100% based upon the level of achievement of the adjusted EBITDA performance thresholds. Performance related units that do not achieve the adjusted EBITDA thresholds by the end of the performance period will be forfeited.
- F2. Award includes 5,000 of time-based restricted share units, which vest on November 18, 2027. Award also includes 7,500 of restricted shares units of which, 40% vests on November 18, 2027; 30% vests at target based upon the Company achieving certain metrics based on Return on Invested Capital ("ROIC"); and 30% vests at target based upon stock price appreciation thresholds for the Company's common stock. Vesting of all units are generally subject to continuing employment through November 18, 2027. Upon vesting, time-based units will be converted to an equal number of shares of the Company's common stock; performance-based units will be converted to the Company's common stock using a factor ranging from 50% to 200% based upon the level of achievement of the performance.
- F3. The grant of time-based units vests on November 17, 2028. Upon vesting, the time-based units will be converted to an equal number of shares of the Company's common stock.
Key Figures
Direct common shares: 9,367 shares
Performance RSU grant: 26,000 underlying shares
RSU award components: 5,000 time-based; 7,500 mixed performance
+4 more
7 metrics
Direct common shares
9,367 shares
Class A Common Stock held directly after Form 3
Performance RSU grant
26,000 underlying shares
Performance-based units tied to adjusted EBITDA through November 17, 2026
RSU award components
5,000 time-based; 7,500 mixed performance
Award includes 5,000 time-based RSUs and 7,500 RSUs with ROIC and stock price metrics, vesting by November 18, 2027
Additional RSU grant
10,000 underlying shares
Restricted Share Units convertible to Class A Common Stock, subject to performance terms
Additional RSU grant
12,500 underlying shares
Restricted Share Units convertible to Class A Common Stock, with mixed time and performance vesting
Time-based RSU vesting
November 17, 2028
Time-based units convert one-for-one into common stock at vesting
RSU exercise price
$0.00 per unit
Restricted Share Units with zero exercise price converting into common shares upon vesting
Key Terms
Restricted Share Units, adjusted EBITDA, Return on Invested Capital ("ROIC"), stock price appreciation thresholds, +1 more
5 terms
adjusted EBITDA financial
"achieving certain metrics based on adjusted EBITDA through November 17, 2026."
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Return on Invested Capital ("ROIC") financial
"based upon the Company achieving certain metrics based on Return on Invested Capital ("ROIC");"
stock price appreciation thresholds financial
"based upon stock price appreciation thresholds for the Company's common stock."
performance-based units financial
"Vesting of performance-based units are generally subject to continuing employment through November 17, 2026."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Babe G. Brandon report in his Form 3 for MATW?
Babe G. Brandon reported his initial ownership in Matthews International. He directly holds 9,367 Class A common shares and multiple restricted share unit awards that may convert into additional shares if specific performance and time-based vesting conditions are satisfied.
What performance metrics affect Babe G. Brandon’s MATW RSUs?
Some RSUs depend on adjusted EBITDA performance through November 17, 2026, while others use Return on Invested Capital and stock price appreciation thresholds. These metrics determine how many performance-based units convert into Matthews International common shares upon vesting.
When do Babe G. Brandon’s MATW RSUs vest?
One performance-based grant runs through November 17, 2026, and another award includes units vesting on November 18, 2027. A separate time-based grant vests on November 17, 2028. Most vesting requires continued employment through the stated dates.
Are Babe G. Brandon’s MATW RSUs automatically converted to common stock?
No, conversion depends on vesting conditions. Time-based units convert one-for-one into common shares at vesting, while performance-based units convert using factors tied to adjusted EBITDA, ROIC, or stock price performance, with some units forfeited if thresholds are not met.
AI-generated analysis. How Rhea-AI works. Not financial advice.
