Form 4: Matthews International Corp Director David A Schawk Acquires Restricted Share Units

Director David A Schawk acquired 6,228 restricted share units of Matthews International Corp on March 13, 2025, under the company's Amended and Restated 2019 Director Fee Plan.

Summary

• On March 13, 2025, David A Schawk, a director of Matthews International Corp, was granted 6,228 restricted share units.
• The award was made under the Amended and Restated 2019 Director Fee 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 was calculated based on a price of $22.48 per share, representing the mean of the highest and lowest sales prices on the Nasdaq Exchange on the date of issuance.
• The award generally vests on March 13, 2027, at which point the units will be converted to an equal number of shares of Class A common stock.

Sentiment

Score: 7

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

Positives

• The acquisition of restricted share units by a director aligns their interests with the company's long-term performance.

Future Outlook

The restricted share units will vest on March 13, 2027, and convert to Class A common stock.

Industry Context

This is a standard practice for aligning director compensation with shareholder value in publicly traded companies.

Comparison to Industry Standards

• Granting restricted share units to directors is a common practice among publicly traded companies to incentivize long-term performance and align director interests with those of shareholders.
• The vesting period of two years is fairly standard.

Stakeholder Impact

• Shareholders may view the grant of restricted share units positively as it aligns director interests with long-term company performance.

Key Dates