Form 4: Matthews International Corp Executive Gary Kohl Reports Share Transactions Following Vesting of Restricted Share Units

Gary Kohl, President of SGK at Matthews International Corp, reports the acquisition of 10,200 shares and the disposal of 5,109 shares following the vesting of restricted share units.

Summary

• Gary Kohl, President of SGK at Matthews International Corp, reported transactions involving the company's Class A common stock on November 21, 2024.
• These transactions occurred due to the vesting of performance-based restricted share units.
• The restricted share units converted into 10,200 shares of Class A common stock at a rate of 200%.
• Following the vesting, 5,109 shares were sold to cover tax withholding obligations at a price of $25.26 per share.
• After these transactions, Mr. Kohl beneficially owns 61,263 shares of Class A common stock.

Sentiment

Score: 5

Explanation: The document is a routine filing of share transactions by an executive, which is neither positive nor negative in itself. It reflects standard compensation practices.

Industry Context

This filing is a routine disclosure of share transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the ownership changes of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The vesting of restricted share units is a common form of executive compensation, aligning management interests with shareholder value.
• The sale of shares to cover tax obligations is a typical occurrence following the vesting of equity awards.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Share Transactions, Restricted Share Units, Vesting, Matthews International Corp, Gary Kohl, Executive Compensation