Richards Aleta W. 4
4 · MATTHEWS INTERNATIONAL CORP · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Matthews (MATW) Director Aleta W. Richards Receives Restricted Share Units
What Happened
- Aleta W. Richards, a director of Matthews International Corp. (MATW), received an award of 5,556 restricted share units (RSUs) on March 12, 2026. The award is reported as a derivative acquisition at $0.00 per unit (code A) and represents a contingent right to one share of Class A common stock per unit.
- The grant’s notional value, calculated by the issuer, is about $140,178 (5,556 units × $25.23, the mean of the high and low Nasdaq prices on the grant date). This was an award/compensation grant, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-12; Filing date: 2026-03-13 (filed next day).
- Amount: 5,556 RSUs; reported acquisition price: $0.00 (derivative award).
- Valuation basis: $25.23 per share (mean of high and low Nasdaq prices on grant date) — used to calculate the number of units.
- Vesting: Generally vests on March 12, 2028, at which time each RSU converts to one share of Class A common stock.
- Plan: Award made under the Second Amended and Restated 2019 Director Fee Plan and subject to the related award agreement.
- Shares owned after the transaction: Not disclosed in this filing.
- Timeliness: Filing appears timely (reported the next business day). A Power of Attorney dated Sept 5, 2025 was previously filed and is referenced in this Form 4.
Context
- RSU awards are compensation for service and are not an immediate cash outlay or open-market buy; they convert to stock only if vesting conditions are met (here, March 12, 2028).
- Such grants are common for directors as part of board compensation and do not by themselves indicate the director’s market view.
Insider Transaction Report
Form 4
Richards Aleta W.
Director
Transactions
- 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.
Signature
/s/ Brian D. Walters (Attorney-in-Fact)|2026-03-13