Nauman J Michael 4
4 · MATTHEWS INTERNATIONAL CORP · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
MATW Director Nauman J Michael Receives RSU Award
What Happened
Nauman J. Michael, a director of Matthews International Corp (MATW), received an award of 5,556 restricted share units (RSUs) on 2026-03-12. The Form 4 reports the units as a derivative award (transaction code A) with a zero cash price on grant; the issuer calculated the grant value at $25.23 per share (the mean of the Nasdaq high and low that day), giving an estimated grant value of $140,177.88. The RSUs are contingent rights that will convert into one share of the company's Class A common stock each when they vest.
Key Details
- Transaction date: 2026-03-12; Form 4 filed: 2026-03-13 (timely filing).
- Award: 5,556 restricted share units; reported per-unit grant price on the Form is $0.00 (derivative award).
- Estimated grant value: 5,556 × $25.23 = $140,177.88 (calculation disclosed in filing).
- Vesting: Generally vests on March 12, 2028, at which point each RSU converts to one Class A share.
- Shares owned after transaction: Not specified in this Form 4.
- Footnotes: RSUs granted under the Second Amended and Restated 2019 Director Fee Plan; grant value based on the mean of high and low Nasdaq prices on grant date. Power of Attorney dated Aug 26, 2025 is filed with the report.
Context
This is an award/grant of restricted share units (a common form of director compensation), not a purchase or sale. RSUs are a deferred equity award and typically indicate compensation rather than a directional bet by the insider; they convert to actual shares only if and when they vest.
Insider Transaction Report
- Award
Restricted Share Units
[F1][F2][F3]2026-03-12+5,556→ 5,556 totalExercise: $0.00→ Class A Common Stock (5,556 underlying)
Footnotes (3)
- [F1]Award of restricted share units made under the Second 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 $25.23, 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 12, 2028 at which point the units will be converted to an equal number of shares of the Company's Class A common stock.