Form 4: Matthews International Director Reports Changes in Beneficial Ownership

Director Alvaro Garcia Tunon reports transactions involving restricted share units and deferred stock units of Matthews International Corp.

Summary

• On March 7, 2024, Alvaro Garcia Tunon, a director of Matthews International Corp, was awarded 4,668 restricted share units.
• These units, granted under the Amended and Restated 2019 Director Fee Plan, represent a contingent right to receive one share of the company's Class A common stock each and will generally vest on March 7, 2026.
• The value of the restricted share units was calculated based on $30.00, the mean of the highest and lowest sales prices per share of the company's Class A common stock on the Nasdaq Exchange on the date of issuance.
• On March 10, 2024, 4,263 time-based restricted share units converted into an equal number of deferred stock units (DSUs) under the provisions of the Reporting Person's deferral election.
• Also on March 10, 2024, the director acquired 263 DSUs pursuant to dividend equivalent rights related to the March 10, 2024 restricted share units vesting.
• Following these transactions, the director beneficially owns 4,668 restricted share units and 27,239 deferred stock units under the 2019 Director Fee Plan.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by a company director, with no clear positive or negative implications.

Future Outlook

The restricted share units generally vest on March 7, 2026, at which point they will be converted to Class A common stock, subject to deferral elections.

Industry Context

This filing is a routine disclosure related to director compensation and holdings, and doesn't necessarily reflect broader industry trends.

Key Dates