Form 4: Matthews International Corp Director Acquires Restricted Share Units

Director Alvaro Garcia Tunon acquired 6,228 restricted share units of Matthews International Corp (MATW) on March 13, 2025, under the company's director fee plan.

Summary

• On March 13, 2025, Alvaro Garcia Tunon, a director of Matthews International Corp (MATW), acquired 6,228 restricted share units.
• The acquisition was made under the Amended and Restated 2019 Director Fee Plan.
• The price was calculated based on $22.48, the mean of the highest and lowest sales prices per share of MATW's Class A common stock on the Nasdaq Exchange on the date of issuance.
• The restricted share units generally vest on March 13, 2027, and will be converted to an equal number of Class A common stock shares.
• The receipt of the Class A common stock underlying the award is subject to a timely deferral election.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of restricted share units by a director is generally a positive sign, indicating confidence in the company's future. The vesting period aligns the director's interests with the long-term success of the company.

Positives

• The acquisition of restricted share units by a director signals confidence in the company's future performance.
• The vesting period of two years aligns the director's interests with the long-term success of the company.

Future Outlook

The director's receipt of Class A common stock upon vesting is subject to a deferral election, indicating potential flexibility in managing their holdings.

Industry Context

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

Comparison to Industry Standards

• Companies like Hillenbrand, Inc. (HI) and Stern Group, Inc. (STGW) also utilize equity-based compensation for their directors.
• The vesting schedules and terms of these grants can vary, but the underlying principle is to incentivize long-term value creation.
• Comparing the specific terms of Matthews International's director fee plan with those of its peers would provide a more detailed assessment of its competitiveness.

Stakeholder Impact

• Shareholders may view the director's acquisition of restricted share units as a positive sign, aligning their interests with management.
• The director's compensation structure could influence their decision-making and strategic direction for the company.

Key Dates