Matthews director granted 5,556 restricted units
Matthews International director Aleta W. Richards received a grant of 5,556 restricted share units as part of her board compensation.
Rhea-AI Filing Summary
Matthews International director Aleta W. Richards received a grant of 5,556 restricted share units as part of her board compensation. The award was made under the Second Amended and Restated 2019 Director Fee Plan and is held directly.
Each restricted share unit represents a contingent right to receive one share of Class A common stock, calculated using a reference price of $25.23, the mean of the highest and lowest Nasdaq sales prices on the grant date. The units generally vest on March 12, 2028, at which time they convert into an equal number of Class A shares, resulting in 5,556 shares if fully vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 5,556 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
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What insider transaction did Matthews International (MATW) report for Aleta W. Richards?
Is Aleta W. Richards’ Form 4 transaction in MATW an open-market stock purchase or sale?
What type of security did MATW director Aleta W. Richards receive in this Form 4 filing?
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