DUNLAP TERRY L 4
4 · MATTHEWS INTERNATIONAL CORP · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Matthews (MATW) Director Terry Dunlap Receives RSU Award
What Happened
Terry L. Dunlap, a director of Matthews International Corp. (MATW), was granted 5,556 restricted share units (RSUs) on March 12, 2026. The award was reported as a derivative acquisition (code A) with an acquisition price of $0.00; the issuer used a reference price of $25.23 (the mean of the high and low Nasdaq prices on the grant date) to calculate the number of units, implying an approximate grant value of $140,178. The RSUs generally vest on March 12, 2028 and will convert to an equal number of Class A common shares upon vesting.
Key Details
- Transaction date: 2026-03-12; Form 4 filed 2026-03-13 (timely filing).
- Grant type/code: Award/Grant (A) of 5,556 RSUs; acquisition price reported as $0.00.
- Valuation used: $25.23 per share (mean of high and low Nasdaq prices on grant date), implied value ≈ $140,178.
- Vesting: Generally vests on March 12, 2028, at which point each RSU converts to one Class A share.
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes: F1 explains RSUs are contingent rights to receive one share each; F2 explains the $25.23 pricing basis; F3 confirms the March 12, 2028 vesting schedule.
- Filing timeliness/remarks: Filing appears timely (reported the day after the grant). A power of attorney referenced in the filing was previously filed on March 10, 2026.
Context: This was an equity award (RSUs) to a director rather than an open-market purchase or sale. RSU grants are a common form of compensation and do not represent an immediate cash transaction or sale of shares; they convert to shares only if/when they vest per the stated schedule.
Insider Transaction Report
- 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.