Richards Aleta W. 4
Research Summary
AI-generated summary
Matthews (MATW) Director Aleta W. Richards Receives Restricted Share Units
What Happened
- Aleta W. Richards, a director of Matthews International Corp. (MATW), received an award of 5,556 restricted share units (RSUs) on March 12, 2026. The award is reported as a derivative acquisition at $0.00 per unit (code A) and represents a contingent right to one share of Class A common stock per unit.
- The grant’s notional value, calculated by the issuer, is about $140,178 (5,556 units × $25.23, the mean of the high and low Nasdaq prices on the grant date). This was an award/compensation grant, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-12; Filing date: 2026-03-13 (filed next day).
- Amount: 5,556 RSUs; reported acquisition price: $0.00 (derivative award).
- Valuation basis: $25.23 per share (mean of high and low Nasdaq prices on grant date) — used to calculate the number of units.
- Vesting: Generally vests on March 12, 2028, at which time each RSU converts to one share of Class A common stock.
- Plan: Award made under the Second Amended and Restated 2019 Director Fee Plan and subject to the related award agreement.
- Shares owned after the transaction: Not disclosed in this filing.
- Timeliness: Filing appears timely (reported the next business day). A Power of Attorney dated Sept 5, 2025 was previously filed and is referenced in this Form 4.
Context
- RSU awards are compensation for service and are not an immediate cash outlay or open-market buy; they convert to stock only if vesting conditions are met (here, March 12, 2028).
- Such grants are common for directors as part of board compensation and do not by themselves indicate the director’s market view.