4//SEC Filing
Gurtner Reena 4
Accession 0000063296-22-000085
CIK 0000063296other
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 4:18 PM ET
Size
12.4 KB
Accession
0000063296-22-000085
Insider Transaction Report
Form 4
Gurtner Reena
SVP, Global Talent & HR
Transactions
- Exercise/Conversion
Restricted Share Units
2022-11-14−210→ 390 totalExercise: $0.00→ Class A Common Stock (210 underlying) - Exercise/Conversion
Class A Common Stock
2022-11-14+210→ 3,484 total - Award
Restricted Share Units
2022-11-14+6,000→ 6,000 totalExercise: $0.00→ Class A Common Stock (6,000 underlying) - Disposition to Issuer
Restricted Share Units
2022-11-15−100→ 0 totalExercise: $0.00→ Class A Common Stock (100 underlying)
Footnotes (4)
- [F1]On November 14, 2022, the vesting date, the time-based restricted share units converted into an equal number of shares of the Company's Class A common stock.
- [F2]Award of restricted share units under the Company's Amended and Restated 2017 Equity Incentive Plan (the "Plan"), subject to the agreement entered into under the Plan. Each restricted share unit represents a contingent right to receive shares of the Company's common stock as described below.
- [F3]In general, 40% of the grant vests on November 14, 2025; 30% of the grant vests at target based upon the Company achieving certain metrics based on Return on Invested Capital ("ROIC"); and 30% of the grant vests at target based upon the Company achieving certain metrics based on adjusted earnings per share. Vesting of all units are generally subject to continuing employment through November 14, 2025. Upon vesting, time-based units will be converted to an equal number of shares of the Company's common stock; performance-based units will be converted to the Company's common stock using a factor ranging from 50% to 200% based upon the level of achievement of the performance thresholds related to the above targets. Performance related units that do not achieve the ROIC or earnings per share thresholds by the end of the performance period will be forfeited.
- [F4]Forfeited share units that did not achieve the stock price thresholds on or before November 15, 2022.
Documents
Issuer
MATTHEWS INTERNATIONAL CORP
CIK 0000063296
Entity typeother
Related Parties
1- filerCIK 0001869848
Filing Metadata
- Form type
- 4
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 4:18 PM ET
- Size
- 12.4 KB