Matthews International (MATW) director awarded 5,556 restricted share units vesting in 2028
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Matthews International director J. Michael Nauman received a grant of 5,556 restricted share units of Class A common stock under the Second Amended and Restated 2019 Director Fee Plan. Each unit represents a contingent right to receive one share of Class A common stock.
The award is based on a reference price of $25.23, calculated as the mean of the highest and lowest sales prices of the company’s Class A common stock on the Nasdaq on the grant date. The restricted share units generally vest on March 12, 2028, at which time they will convert into an equal number of Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nauman J Michael
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 did Matthews International (MATW) director J. Michael Nauman receive in this Form 4?
He received 5,556 restricted share units of Matthews International Class A common stock. These are compensation-related awards, not open-market purchases, and each unit represents a contingent right to receive one share upon future vesting.
What type of security is reported in this MATW Form 4 for Nauman?
The filing reports Restricted Share Units that are settleable in Class A common stock. Each restricted share unit corresponds to one future share, subject to vesting conditions outlined in the company’s director fee plan and award agreement.