Richards Aleta W. 4
Research Summary
AI-generated summary
Matthews (MATW) Director Aleta W. Richards Receives 4,668 Shares
What Happened
- Aleta W. Richards, a director of Matthews International Corp (MATW), had 4,668 time‑based restricted share units (RSUs) vest on March 7, 2026. The RSUs converted into an equal number of Class A common shares at $0.00 per share (no cash exchanged). The Form 4 shows both the acquisition of 4,668 shares and the corresponding disposition of the derivative RSU interest.
Key Details
- Transaction date: March 7, 2026; Filing date: March 10, 2026.
- Shares acquired: 4,668 at $0.00; derivative interest disposed: 4,668 (conversion of RSUs).
- Reported value: $0.00 (conversion/issuance from vested RSUs, not a market purchase/sale).
- Footnote: F1 clarifies that on the vesting date the time‑based RSUs converted into an equal number of Class A shares.
- Power of Attorney: The filing references a POA dated Sept 5, 2025.
- Shares owned after the transaction are not specified in the information provided here; check the full Form 4 for post‑transaction holdings and any additional notes.
Context
- This was a routine award conversion (RSU vesting), not an open‑market buy or sale. Such conversions increase reported share ownership but do not necessarily indicate trading intent or market sentiment. Unlike a cashless exercise followed by an immediate sale, there is no sale reported here. Investors should view this as a compensation‑related issuance unless additional sales/transfers are later reported.
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