Form 4: Match Group Director Glenn Schiffman Acquires Shares and Dividend Equivalents

Match Group director Glenn Schiffman acquired 23 shares and 46 dividend equivalents on January 21, 2025, as part of the company's deferred compensation plan.

Summary

• Glenn Schiffman, a director at Match Group, Inc., acquired 23 shares of common stock at a price of $32.74 per share on January 21, 2025.
• These shares were acquired as part of the 2020 Match Group, Inc. Deferred Compensation Plan for Non-Employee Directors, related to a cash dividend.
• Additionally, Schiffman acquired 46 dividend equivalents, which will convert into common stock on a one-for-one basis.
• These dividend equivalents are tied to restricted stock units that vest on the earlier of June 21, 2025, or the date of the next Annual Stockholder Meeting, subject to continued service.
• Following these transactions, Schiffman's total holdings include 30,827 shares, which includes 26,773 shares of common stock and 4,054 share units accrued under the deferred compensation plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed as neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The acquisition of shares and dividend equivalents by a director demonstrates continued alignment with the company's success.
• The deferred compensation plan provides a mechanism for directors to accumulate equity over time.

Industry Context

This filing is a routine disclosure of a director's transactions in company stock, which is common practice for publicly traded companies. It reflects the ongoing compensation and equity alignment strategies within the company.

Comparison to Industry Standards

• Director share acquisitions and deferred compensation plans are standard practice among publicly listed companies, including technology companies like Match Group.
• Companies such as Bumble, IAC, and other tech firms often use similar compensation structures to align director interests with shareholder value.
• The vesting schedules and dividend equivalent structures are also common in the industry to incentivize long-term commitment from directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates director alignment with company performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Match Group, Glenn Schiffman, Director, Share Acquisition, Dividend Equivalents, Deferred Compensation Plan, Stock Units, Equity