Form 4: Matthews International Corp Director Terry L. Dunlap Acquires Restricted Share Units

Director Terry L. Dunlap 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, Terry L. Dunlap, a director of Matthews International Corp, 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 the Issuer's Class A common stock on the Nasdaq Exchange on the date of issuance.
• Each restricted share unit represents a contingent right to receive one share of the company's Class A common stock.
• The award generally vests on March 13, 2027, at which point the units will be converted to an equal number of shares of the company's Class A common stock.
• Following the transaction, Dunlap directly owns 6,228 restricted share units.

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 performance. The terms of the award are standard.

Positives

• The acquisition of restricted share units by a director demonstrates confidence in the company's future.

Future Outlook

The restricted share units will vest on March 13, 2027, converting into Class A common stock, indicating a long-term alignment of the director's interests with the company's performance.

Industry Context

Director compensation in the form of restricted share units is a common practice to align management's interests with those of shareholders, incentivizing long-term value creation.

Comparison to Industry Standards

• Stock awards are a common form of executive compensation.
• Companies like Service Corporation International (SCI) and Hillenbrand (HI) also use stock awards as part of their compensation packages for directors and executives.
• The vesting period of two years is fairly standard.

Stakeholder Impact

• The acquisition of restricted share units by a director aligns their interests with those of shareholders, potentially leading to decisions that benefit the company's long-term value.

Key Dates