Matthews (NASDAQ: MATW) director awarded 5,556 restricted share units
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Richards Aleta W.
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 Matthews International (MATW) report for Aleta W. Richards?
Matthews International reported that director Aleta W. Richards received 5,556 restricted share units as a compensation grant. The award was issued under the company’s Second Amended and Restated 2019 Director Fee Plan and is classified as a grant or award, not an open-market stock purchase.
Is Aleta W. Richards’ Form 4 transaction in MATW an open-market stock purchase or sale?
The transaction is a grant of restricted share units, not an open-market trade. It is coded as an acquisition due to a compensation award, meaning the director did not buy or sell shares in the market but received equity as part of board fees.
What type of security did MATW director Aleta W. Richards receive in this Form 4 filing?
She received restricted share units that are derivative securities linked to Class A common stock. Each unit is a contingent right to receive one share, vesting on March 12, 2028, after which the units convert into the same number of common shares.