Matthews International (MATW) awards 5,556 restricted share units to director
Filing Impact
Filing Sentiment
Form Type
4
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 | -- |
Holdings After Transaction:
Restricted Share Units — 5,556 shares (Direct)
Footnotes (1)
- 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. 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. 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.
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.