Form 4: Matthews International Corp Director David A. Schawk Reports Changes in Beneficial Ownership
SEC Form 4
Director David A. Schawk reports a change in beneficial ownership of Matthews International Corp stock due to a gift transaction.
Summary
- On May 15, 2024, David A. Schawk, a director of Matthews International Corp, reported a change in his beneficial ownership of the company's Class A Common Stock.
- Schawk gifted 4,263 shares of Class A Common Stock.
- Following the transaction, Schawk directly owns 0 shares and indirectly owns 211,761 shares as trustee.
- The indirect ownership is held as trustee, and Schawk has no pecuniary interest in the shares owned by the charitable trust.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 11/17/2017 | Date of Power of Attorney |
| 02/23/2018 | Power of Attorney filed in Form 4 |
| 05/15/2024 | Date of transaction (gift of shares) |
| 05/16/2024 | Date of signature on the Form 4 |
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