SCHAWK DAVID A 4
4 · MATTHEWS INTERNATIONAL CORP · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Matthews (MATW) Director David A. Schawk Receives RSU Award
What Happened David A. Schawk, a director of Matthews International Corp. (MATW), received a grant of 5,556 restricted share units (RSUs) on 2026-03-12. The award is reported as a derivative grant (transaction code A) with an acquisition price of $0.00. The grant value was calculated using $25.23 (the mean of the high and low Nasdaq price on the grant date), implying an approximate grant value of $140,178. The RSUs generally vest on March 12, 2028 and will convert to an equal number of Class A common shares at that time.
Key Details
- Transaction date: 2026-03-12; Form 4 filed 2026-03-13 (timely).
- Securities: 5,556 restricted share units (derivative award), transaction code A; acquisition price reported as $0.00.
- Implied grant value: 5,556 × $25.23 = ~$140,178 (per F2).
- Vesting: Generally vests March 12, 2028; units convert to one Class A share each upon vesting (per F1, F3).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Remarks: Power of Attorney dated June 4, 2025 was filed March 10, 2026 and is incorporated by reference.
Context Restricted share units are a form of compensation that convert into actual shares only if/when they vest; they are not an immediate open‑market purchase or sale. Director RSU grants are common as part of board compensation and do not necessarily reflect the director buying or selling stock in the open market. This filing reports the award (not a sale or purchase) and includes a multi‑year vesting condition.
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.