Form 4: Matthews International Corp Director Garcia Tunon Alvaro Reports Acquisition of Deferred Stock Units

Director Garcia Tunon Alvaro reports acquisition of 339 Deferred Stock Units (DSUs) of Matthews International Corp on August 19, 2024.

Summary

• On August 19, 2024, Garcia Tunon Alvaro, a director of Matthews International Corp, acquired 339 Deferred Stock Units (DSUs) under the company's 2019 Director Fee Plan.
• Each DSU is equivalent to one share of Class A common stock and will be payable in common stock according to a deferral election or the Amended and Restated 2019 Director Fee Plan.
• These DSUs were issued due to dividend equivalent rights.
• Following the transaction, Garcia Tunon Alvaro beneficially owns 27,874 DSUs.

Sentiment

Score: 7

Explanation: Routine transaction indicating continued alignment of director interests with shareholders.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future performance.

Future Outlook

The DSUs become payable in common stock in accordance with a deferral election made by the reporting person or pursuant to the Issuer's Amended and Restated 2019 Director Fee Plan.

Industry Context

This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

• The acquisition of DSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates