Matthews International (MATW) director receives 5,556 restricted share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Matthews International Corp. director Thomas Gebhardt received a grant of 5,556 restricted share units as equity compensation. The award was made under the company’s Second Amended and Restated 2019 Director Fee Plan, with each unit representing the right to receive one share of Class A common stock.
The number of units was calculated using a reference price of $25.23, based on the mean of the highest and lowest Nasdaq sales prices on the grant date. The award generally vests on March 12, 2028, when the 5,556 units are scheduled to convert into an equal number of Class A shares, assuming vesting conditions are satisfied. Following this grant, Gebhardt directly holds 5,556 restricted share units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gebhardt Thomas
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 director Thomas Gebhardt report on this Form 4?
Thomas Gebhardt reported receiving a grant of 5,556 restricted share units from Matthews International Corp. This is a stock-based compensation award, not an open-market purchase or sale, and provides him a contingent right to receive Class A common shares upon vesting.