MCINERNEY THOMAS 4
Research Summary
AI-generated summary
Match Group Director Thomas McInerney Converts RSUs, Receives New Award
What Happened
- Thomas McInerney, a director of Match Group (MTCH), had vested restricted stock units and related dividend equivalents convert into common stock on June 16, 2026. Specifically, 8,250 and 194 derivative units were converted/terminated (total 8,444 shares) with a reported $0 cash price. He was also granted 6,845 new restricted stock units (RSUs) at $0 (award).
- These transactions reflect vesting/conversion and a new equity award (director compensation), not an open‑market purchase or sale. No cash proceeds or market sales were reported in this filing.
Key Details
- Transaction date: June 16, 2026; Form 4 filed June 18, 2026 (timely — within the typical two‑business‑day window).
- Conversions/terminations: 8,250 and 194 derivative units converted/terminated (reported as $0, total 8,444 shares acquired).
- New award: 6,845 RSUs granted at $0.
- Shares owned after the transactions: not provided in the excerpt of this filing.
- Relevant footnotes:
- F1/F2: RSUs and dividend equivalents convert one‑for‑one into common stock.
- F3/F4: The 8,250 and 194 RSUs (and accrued dividend equivalents) vested on the earlier of June 18, 2026 and the June 16, 2026 Annual Meeting date.
- F5: The 6,845 RSUs vest on the earlier of June 16, 2027 and the next Annual Meeting, subject to continued service.
- Transaction codes: M = exercise/conversion of a derivative; A = grant/award. The $0 "Disposed" entries reflect termination/conversion of the derivative award, not a cash sale.
Context
- Converting vested RSUs into common shares is a routine form of executive/director compensation and does not by itself signal buying or selling pressure in the market. The grant of 6,845 RSUs is a forward‑vesting award subject to continued service (typical for directors).
- Because there was no open‑market sale or purchase reported, these transactions should be viewed as compensation-related rather than insider market timing.