Form 4: Matthews International Corp Director Acquires and Disposes of Shares

Director David A. Schawk reports transactions involving Matthews International Corp Class A Common Stock, including the vesting of restricted share units and the award of new units.

Summary

• On March 10, 2024, David A. Schawk, a director of Matthews International Corp, had 4,263 restricted share units vest and convert into an equal number of Class A common stock shares.
• Also on March 10, 2024, Mr. Schawk directly owned 4,263 shares of Class A Common Stock.
• On March 7, 2024, Mr. Schawk was awarded 4,668 restricted share units under the Amended and Restated 2019 Director Fee Plan.
• These new restricted share units will generally vest on March 7, 2026, and convert into an equal number of Class A common stock shares.

Sentiment

Score: 5

Explanation: This is a neutral report on director share transactions, with no inherent positive or negative implications.

Future Outlook

The award generally vests on March 7, 2026 at which point the units will be converted to an equal number of shares of the Company's Class A common stock.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company's stock.

Stakeholder Impact

• Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.

Key Dates