Matthews International (MATW) director’s trust reports 198,014-share bona fide gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Matthews International director David A. Schawk reported an indirect change in holdings related to trust arrangements rather than open‑market trading. The Form 4 shows a bona fide gift of 198,014 shares of Class A Common Stock held indirectly by a trust. A separate entry reflects 220,206 indirectly held shares as trustee. The footnotes explain the filing is made solely to reflect his appointment as trustee, and he disclaims beneficial ownership of the trust shares except for any pecuniary interest. Shares held by a separate charitable trust where he has no pecuniary interest are excluded.
Positive
- None.
Negative
- None.
Insider Trade Summary
198,014 shares gifted
Mixed
2 txns
Insider
SCHAWK DAVID A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 198,014 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 198,014 shares (Indirect, By Trust)
Footnotes (1)
- This report is being filed solely to reflect the reporting person's appointment as a trustee with respect to a trust of which he is also a beneficiary. The reporting person may be deemed to share voting and dispositive power with regard to the reported shares held therein. The reporting person disclaims beneficial ownership of the reported shares held by the trust, except to the extent, if any, of his pecuniary interest therein. This report does not reflect shares held by an exempt section 501(c)(3) charitable trust for which the reporting person serves as trustee as the Reporting Person holds no pecuniary interest in the shares owned by the charitable trust.
Key Figures
Gifted shares: 198,014 shares
Indirect trustee holdings: 220,206 shares
Gift transactions: 1
+1 more
4 metrics
Gifted shares
198,014 shares
Bona fide gift of Class A Common Stock by trust
Indirect trustee holdings
220,206 shares
Class A Common Stock reported as indirectly held as trustee
Gift transactions
1
Gift Count in transaction summary
Gifted share total
198,014 shares
Gift Shares in transaction summary
Key Terms
bona fide gift, pecuniary interest, disclaims beneficial ownership, Section 501(c)(3) charitable trust
4 terms
bona fide gift financial
"The Form 4 shows a bona fide gift of 198,014 shares of Class A Common Stock."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
pecuniary interest financial
"except to the extent, if any, of his pecuniary interest therein."
disclaims beneficial ownership financial
"The reporting person disclaims beneficial ownership of the reported shares held by the trust"
Section 501(c)(3) charitable trust financial
"shares held by an exempt section 501(c)(3) charitable trust for which the reporting person serves as trustee"
FAQ
What insider transaction did Matthews International (MATW) disclose for David A. Schawk?
Matthews International disclosed that director David A. Schawk reported a bona fide gift of 198,014 shares of Class A Common Stock held indirectly by a trust, along with an updated indirect holding entry reflecting 220,206 shares where he serves as trustee.
Was the Matthews International (MATW) Form 4 a market purchase or sale?
No, the Form 4 does not show a market trade. It reports a bona fide gift of 198,014 shares by a trust and an indirect holding entry, so there is no open‑market buying or selling activity in this disclosure.