Matthews International (MATW) awards 5,556 restricted share units to director
Rhea-AI Filing Summary
Matthews International Corp director Terry L. Dunlap received a grant of 5,556 restricted share units. The award was made under the Second Amended and Restated 2019 Director Fee Plan and was calculated using a reference price of $25.23 per share.
Each restricted share unit represents a contingent right to receive one share of the company’s Class A common stock. The award generally vests on March 12, 2028, at which point the 5,556 units are scheduled to convert into an equal number of Class A shares, all held as a direct position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DUNLAP TERRY L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 5,556 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share Units — 5,556 shares (Direct)
Footnotes (3)
- F1. Award of restricted share units made under the Second Amended and Restated 2019 Director Fee Plan subject to the agreement entered into under the Plan. Each restricted share unit represents a contingent right to receive one share of the Company's Class A common stock.
- F2. The number of restricted share units issued by the Issuer to the Reporting Person was calculated based on $25.23, which represents the mean of the highest and lowest sales prices per share of the Issuer's Class A common stock on the Nasdaq Exchange on the date of issuance.
- F3. The award generally vests on March 12, 2028 at which point the units will be converted to an equal number of shares of the Company's Class A common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Matthews International (MATW) report for Terry L. Dunlap?
Matthews International reported that director Terry L. Dunlap received 5,556 restricted share units as a compensation award. These units were granted at no cash cost and represent a right to receive Class A common shares if vesting conditions are satisfied.