Matthews International CEO granted 69K stock units
MATTHEWS INTERNATIONAL CORP (MATW) reported that President and CEO Michael J. Whitehead received an award of 69,198 Restricted Share Units under the company's Amended and Restated 2017 Equity Incentive Plan.
Rhea-AI Filing Summary
MATTHEWS INTERNATIONAL CORP (MATW) reported that President and CEO Michael J. Whitehead received an award of 69,198 Restricted Share Units under the company's Amended and Restated 2017 Equity Incentive Plan. Each unit represents a contingent right to receive one share of Class A common stock upon vesting.
The number of RSUs was calculated using a reference value of $23.12, the average of the high and low trading prices over the 20 trading days prior to the August 31, 2026 grant date. The award is expected to vest on August 31, 2027, subject to his continued service, at which time the RSUs will convert into an equal number of Class A shares. Following this grant, Whitehead directly holds 69,198 RSUs.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units F1, F2, F3 | 69,198 | $0.00 | $0.00 |
Footnotes (3)
- F1. Award of restricted share units under the Company's Amended and Restated 2017 Equity Incentive Plan (the "Plan"), subject to the agreement entered into under the Plan. Each restricted share unit represents a contingent right to receive shares of the Company's common stock as described below.
- F2. The number of restricted share units issued by the Issuer to the Reporting Person was calculated based on $23.12, which represents the average of the high and low trading prices per share of the Issuer's Class A common stock on the Nasdaq Global Select Market for the 20 days of trading that immediately preceded the date of issuance.
- F3. The award is expected to vest on August 31, 2027 subject to the Reporting Person's continued service to the Issuer through such date, at which point the restricted share units will be converted to an equal number of shares of the Issuer's Class A common stock.
Key Figures
Key Terms
Equity Incentive Plan financial
contingent right financial
Nasdaq Global Select Market market
FAQ
What equity award did MATW grant to its CEO Michael J. Whitehead?
When do Michael J. Whitehead’s new MATW RSUs vest?
How was the number of MATW RSUs granted to the CEO determined?
What is Michael J. Whitehead’s MATW RSU holding after this Form 4 transaction?
Does the RSU grant to MATW’s CEO involve any cash exercise price?
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