Babe Gregory S. 4
4 · MATTHEWS INTERNATIONAL CORP · Filed Nov 19, 2021
Insider Transaction Report
Form 4
Babe Gregory S.
Director
Transactions
- Award
Restricted Share Units
2021-11-17+100,000→ 100,000 totalExercise: $0.00→ Class A Common Stock (100,000 underlying)
Footnotes (2)
- [F1]Award of restricted share units under the Company's 2017 Equity Incentive Plan (the "Plan"), subject to the agreement entered into under the Plan. Each restricted share unit represents a contingent right to receive shares of the Company's common stock as described below.
- [F2]In general, 35% of the grant vests on November 17, 2024; 65% of the grant vests at target based upon a division in the Company achieving certain metrics based on adjusted EBITDA through November 17, 2026. Vesting of time-based units and performance-based units are generally subject to continuing employment through November 17, 2024, and November 17, 2026, respectively. Upon vesting, time-based units will be converted to an equal number of shares of the Company's common stock; performance-based units will be converted to the Company's common stock using a factor ranging from 10% to 100% based upon the level of achievement of the adjusted EBITDA performance thresholds. Performance related units that do not achieve the adjusted EBITDA thresholds by the end of the performance period will be forfeited.