MATTHEWS INTERNATIONAL CORP·4

Mar 10, 3:05 PM ET

SCHAWK DAVID A 4

Research Summary

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MATTHEWS (MATW) Director David Schawk Converts 4,668 RSUs to Shares

What Happened

  • David A. Schawk, a director of Matthews International Corp. (MATW), had 4,668 time‑based restricted stock units (RSUs) vest on March 7, 2026. The Form 4 reports an "exercise or conversion of derivative" (code M) for 4,668 shares at $0.00 (acquired) and a corresponding derivative disposition for 4,668 shares at $0.00. The filing’s footnote clarifies that the RSUs converted into an equal number of Class A common shares on the vesting date.
  • This transaction is a routine compensation vesting (award conversion), not a cash purchase or an open‑market sale — therefore it should not be read as a directional buy/sell signal.

Key Details

  • Transaction date: March 7, 2026; Filing date: March 10, 2026.
  • Shares involved: 4,668 shares converted; reported price: $0.00 (conversion of RSUs).
  • Footnote: F1 — the time‑based RSUs vested and converted into an equal number of Class A shares on March 7, 2026.
  • Power of Attorney dated June 4, 2025 is filed with the report (per remarks).
  • Shares owned after the transaction: not specified in the excerpt of the filing provided.
  • Timeliness: filed March 10, 2026; the filing does not indicate a late report.

Context

  • Code M covers exercise or conversion of a derivative. In this case the derivative (RSU) converted into shares upon vesting; there is no indication the shares were sold immediately (no cashless exercise or sale reported).
  • Vesting conversions are common executive/director compensation events and do not, by themselves, imply an insider view on the company’s near‑term prospects.

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