Form 4: Morgan K. O'Brien Acquires Restricted Share Units in Matthews International Corp

Director Morgan K. O'Brien received 6,228 restricted share units of Matthews International Corp Class A common stock on March 13, 2025, under the company's director fee plan.

Summary

• On March 13, 2025, Morgan K. O'Brien, a director of Matthews International Corp, was granted 6,228 restricted share units (RSUs) under the Amended and Restated 2019 Director Fee Plan.
• The RSUs represent a contingent right to receive one share of the company's Class A common stock each.
• The grant was calculated based on a price of $22.48 per share, representing the average of the highest and lowest sales prices on the Nasdaq Exchange on the grant date.
• The RSUs generally vest on March 13, 2027, at which point they will be converted into an equal number of Class A common stock shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard director compensation practices, indicating stability and alignment of interests.

Positives

• The grant of restricted share units aligns the director's interests with those of the shareholders, incentivizing long-term value creation.

Future Outlook

The restricted share units will convert to Class A common stock on March 13, 2027, subject to the terms of the plan.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for investor confidence.

Stakeholder Impact

• Shareholders may view the grant of restricted share units as a positive sign, aligning the director's interests with the company's long-term performance.

Key Dates