Form 4: Matthews International Corp: Officer Lane Lee Reports Share Transactions
SEC Form 4 Filing
Lane Lee, SVP at Matthews International Corp, reports the vesting of restricted share units and subsequent sale of shares to cover tax obligations.
Summary
- On May 31, 2024, Lane Lee, SVP of Matthews Automation Solutions at Matthews International Corp, reported transactions involving Class A Common Stock.
- 2,031 restricted share units vested and converted into an equal number of shares of Class A common stock.
- 882 shares were sold to the registrant to cover tax withholding obligations related to the vesting of the restricted share units at a price of $28.5 per share.
- Following these transactions, Lee directly owns 6,336 shares of Class A Common Stock and 2,031 restricted share units.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard reporting of insider transactions related to compensation.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Related Party Transactions
- Sale of shares to the registrant to cover tax withholding on the vesting of restricted share units.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of earliest transaction, vesting of restricted share units, and sale of shares for tax withholding. |
| 06/04/2024 | Date of signature on the Form 4 filing. |
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