Schiffman Glenn 4
Research Summary
AI-generated summary
Match Group Director Glenn Schiffman Exercises Derivatives, Receives RSUs
What Happened
- Glenn Schiffman, a member of Match Group’s board of directors, converted/ exercised derivative awards into 8,444 common shares (8,250 + 194) and was granted 6,845 restricted stock units (RSUs) on June 16, 2026. The conversion/exercise entries show $0 proceeds, which reflects a non‑cash conversion of derivative units into shares. The new 6,845 RSUs were awarded as part of board compensation.
Key Details
- Transaction date: June 16, 2026.
- Conversions/exercises: 8,444 shares (8,250 + 194) converted/exercised; recorded at $0 (no cash proceeds).
- Grant: 6,845 RSUs awarded at $0 (standard equity compensation).
- Shares owned after transaction (per filing footnote): 46,377 shares of common stock and 6,563 deferred share units accrued under the company’s deferred compensation plan.
- Relevant footnotes:
- F1/F3: RSUs and dividend equivalents convert one-for-one into common stock.
- F5/F6: Certain RSUs and related dividend equivalents vested on the earlier of June 18, 2026 and the June 16, 2026 Annual Meeting date.
- F7: The newly granted RSUs vest on the earlier of June 16, 2027 and the next Annual Meeting, subject to continued service.
- Filing timing: Reported on Jun 18, 2026 (two days after the transaction date), which is generally timely for Section 16 reporting.
Context
- This filing reflects routine director compensation activity: vested/converted RSUs and the grant of new RSUs rather than an open‑market buy or sale. The $0 amounts indicate conversion/vesting mechanics (no cash sale). Grants of RSUs are compensation and do not necessarily signal a personal trading view of the stock.