Matthews International (MATW) awards 5,556 RSUs to director O'Brien
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Matthews International Corporation director Morgan K. O'Brien received a grant of 5,556 restricted share units (RSUs). The award was made under the Second Amended and Restated 2019 Director Fee Plan as part of director compensation and is held directly.
Each RSU represents the contingent right to receive one share of the company's Class A common stock. The number of RSUs was calculated using a reference price of $25.23, the mean of the highest and lowest Nasdaq trading prices on the grant date. The award generally vests on March 12, 2028, when the units convert into an equal number of Class A common shares, assuming vesting conditions are satisfied. There were 5,556 RSUs reported as held following this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
OBRIEN MORGAN K
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 MATW report for Morgan K. O'Brien?
MATW reported that director Morgan K. O'Brien received a grant of 5,556 restricted share units as director compensation. These units are tied to Class A common stock and will convert into shares upon vesting, providing equity-based incentives aligned with shareholder interests.
How was the size of the MATW RSU award to the director determined?
The number of restricted share units was calculated using a reference price of $25.23 per share. This figure represents the mean of the highest and lowest sales prices for Matthews International Class A common stock on the Nasdaq Exchange on the award date.
Is the MATW director’s RSU grant an open-market purchase or sale?
The transaction is a grant of restricted share units, not an open-market trade. It reflects equity compensation awarded under Matthews International’s 2019 Director Fee Plan rather than the director buying or selling shares in the public market.