GARCIA TUNON ALVARO 4
4 · MATTHEWS INTERNATIONAL CORP · Filed Mar 11, 2024
Insider Transaction Report
Form 4
GARCIA TUNON ALVARO
Director
Transactions
- Award
Restricted Share Units
2024-03-07+4,668→ 4,668 totalExercise: $0.00→ Class A Common Stock (4,668 underlying) - Exercise/Conversion
Deferred Stock Units under 2019 Director Fee Plan
2024-03-10+4,263→ 26,976 total→ Class A Common Stock (4,263 underlying) - Award
Deferred Stock Units under 2019 Director Fee Plan
2024-03-10+263→ 27,239 total→ Class A Common Stock (263 underlying) - Exercise/Conversion
Restricted Share Units
2024-03-10−4,263→ 0 totalExercise: $0.00→ Class A Common Stock (4,263 underlying)
Footnotes (6)
- [F1]Award of restricted share units made under the Amended and Restated 2019 Director Fee Plan subject to the agreement entered into under the Plan. Each restricted share unit represents a contingent right to receive one share of the Company's Class A common stock.
- [F2]The number of restricted share units issued by the Issuer to the Reporting Person was calculated based on $30.00, which represents the mean of the highest and lowest sales prices per share of the Issuer's Class A common stock on the Nasdaq Exchange on the date of issuance.
- [F3]The award generally vests on March 7, 2026 at which point the units will be converted to an equal number of shares of the Company's Class A common stock. Upon the vesting of this award of restricted share units, the Reporting Person deferred the receipt of the Class A common stock underlying the award subject to a timely deferral election, unless such deferral election is timely modified or revoked pursuant to its terms.
- [F4]On March 10, 2024, the vesting date, the time-based restricted share units converted into an equal number of deferred stock units under the provisions of the Reporting Person's deferral election.
- [F5]Each Deferred Stock Unit ("DSU") is the economic equivalent of one share of Class A common stock. The DSUs become payable in common stock in accordance with a deferral election made by the reporting person or pursuant to the Issuer's Amended and Restated 2019 Director Fee Plan. A copy of such deferral election is on file with the Issuer.
- [F6]DSUs were issued by the Issuer to the Reporting Person pursuant to dividend equivalent rights which are related to the March 10. 2024 restricted share units vesting.