Rascoff Spencer M 4
Research Summary
AI-generated summary
Match Group CEO Spencer Rascoff Exercises RSUs and Withholds Shares
What Happened
- Spencer M. Rascoff, CEO of Match Group (MTCH), had restricted stock units (RSUs) and related dividend equivalents convert into 31,310 shares on June 1, 2026.
- To cover tax withholding, 9,357 shares and 6,574 shares were withheld (total 15,931 shares) at $36.13 per share, producing $338,068 and $237,519 respectively (total cash value $575,587). The remaining ~15,379 shares were delivered to Rascoff.
- This was a compensation-related conversion (routine vesting and tax withholding), not an open-market sale or purchase.
Key Details
- Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (timely filing).
- Derivative conversions (code M): 17,850; 540; 12,849; and 71 shares converted (total 31,310). Disposals at $0 reflect conversion of RSUs to common stock.
- Tax withholding (code F): 9,357 shares and 6,574 shares withheld at $36.13 each for $338,068 and $237,519 respectively (total $575,587).
- Shares owned after the transaction: not specified in the provided data.
- Footnotes: RSUs and dividend equivalents convert one-for-one into common stock (F1, F2). Vesting schedules noted in F3–F6 (some RSUs vested 1/3 on March 1, 2026 and/or on a quarterly schedule starting June 1, 2026; dividend equivalents vest proportionately).
Context
- These entries represent RSU vesting and tax-withholding rather than a market sale; the $0 "disposals" reflect the conversion of derivative awards into shares.
- Withholding of shares to cover taxes is a common, routine event for executive compensation and does not necessarily signal a buy/sell decision.