OBRIEN MORGAN K 4
4 · MATTHEWS INTERNATIONAL CORP · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
MATTHEWS (MATW) Director Morgan K. O'Brien Receives RSU Award
What Happened
Morgan K. O'Brien, a director of Matthews International Corp (MATW), was granted 5,556 restricted share units (RSUs) on March 12, 2026. The RSUs were calculated using a per-share value of $25.23 (the mean of the high and low Nasdaq price that day), giving an aggregate grant value of roughly $140,178. The filing reports the acquisition price as $0.00 because this was a compensatory derivative award rather than a cash purchase.
Key Details
- Transaction date: 2026-03-12; Form 4 filed: 2026-03-13 (timely).
- Reported transaction type: A (award/grant of derivative securities); SEC price reported: $0.00.
- RSUs granted: 5,556; valuation used: $25.23 per share; total implied value ≈ $140,178.
- Vesting: Generally vests on March 12, 2028, at which time each unit converts to one share of Class A common stock.
- Footnotes: Grants made under the Second Amended and Restated 2019 Director Fee Plan; each RSU equals a contingent right to one share at vesting.
- Shares owned after transaction: Not specified in the filing.
- Administrative note: Power of Attorney dated Sept 5, 2025 was filed by reference on March 10, 2026.
Context
Director RSU awards are common as part of board compensation and represent a future right to shares if vesting conditions are met; they do not involve an immediate cash purchase or sale and should be viewed as routine compensation unless combined with other insider activity.
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.