Form 4: Lillian Etzkorn, Matthews International Corp Director, Acquires Restricted Share Units

Director Lillian Etzkorn acquired 6,228 restricted share units of Matthews International Corp on March 13, 2025, under the company's director fee plan.

Summary

• On March 13, 2025, Lillian Etzkorn, a director of Matthews International Corp, was granted 6,228 restricted share units (RSUs) under the Amended and Restated 2019 Director Fee Plan.
• The RSUs were priced at $22.48 each, based on the mean of the highest and lowest sales prices of the company's Class A common stock on the Nasdaq Exchange on the date of issuance.
• These RSUs will generally vest on March 13, 2027, at which point they will be converted into an equal number of Class A common stock shares.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to director compensation, which is neither particularly positive nor negative. The sentiment is neutral.

Positives

• The acquisition of restricted share units by a director aligns their interests with those of the shareholders.
• The vesting period of two years may encourage long-term commitment to the company's success.

Future Outlook

The award generally vests on March 13, 2027 at which point the units will be converted to an equal number of shares of the Company's Class A common stock.

Industry Context

Director compensation in the form of restricted share units is a common practice among publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Comparing Matthews International Corp's director compensation structure to companies like Hillenbrand, Inc. (HI) or Acco Brands Corporation (ACCO) would provide a benchmark for assessing the competitiveness and appropriateness of their compensation practices.
• Reviewing the vesting schedules and equity grant sizes of similar companies can help determine if Matthews International Corp's approach is in line with industry norms.

Stakeholder Impact

• The acquisition of restricted share units by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates