A Form 4 filed on September 1, 2026 discloses that Michael J. Whitehead, President and CEO of Matthews International Corp (NASDAQ:MATW), was awarded 69,198 restricted share units on August 31, 2026 under the company's equity incentive plan.

Key Highlights

  • Award size: 69,198 restricted share units (RSUs) were granted to Michael J. Whitehead on August 31, 2026.
  • Valuation basis: The unit count was calculated using $23.12 per share, representing the average of the high and low trading prices for the 20 trading days immediately preceding the issuance date.
  • Vesting date: The award is expected to vest on August 31, 2027, subject to the reporting person's continued service through that date.
  • Conversion terms: Upon vesting, each RSU converts to one share of Class A Common Stock, at a derivative security price of $0.
  • Plan authority: The grant was made under Matthews International's Amended and Restated 2017 Equity Incentive Plan.
  • Ownership form: The 69,198 RSUs are held directly by the reporting person.

Matthews International CEO Granted Annual RSU Award Under 2017 Equity Incentive Plan

According to the Form 4 filed with the SEC on September 1, 2026, Michael J. Whitehead, who serves as President and CEO and is also identified as a Director of Matthews International Corp, received an award of 69,198 restricted share units on August 31, 2026. The filing indicates the transaction code is "A," reflecting an acquisition of derivative securities. The RSUs carry a conversion price of $0 and were issued under the company's Amended and Restated 2017 Equity Incentive Plan pursuant to a related award agreement.

The filing states that the number of RSUs granted was calculated based on $23.12 per share, which the filing describes as "the average of the high and low trading prices per share of the Issuer's Class A common stock on the Nasdaq Global Select Market for the 20 days of trading that immediately preceded the date of issuance." Each restricted share unit represents, according to the filing, "a contingent right to receive shares of the Company's common stock."

The award is described in the filing as expected to vest on August 31, 2027, contingent on Whitehead's continued service to the issuer through that date. At vesting, the RSUs are to be converted into an equal number of shares of Class A Common Stock. Following the reported transaction, Whitehead beneficially owns 69,198 RSUs directly. The filing was signed by Brian D. Walters as Attorney-in-Fact on September 1, 2026, with a Power of Attorney dated August 31, 2026 incorporated by reference from a Form 3 filed the same day.

What Was Disclosed

Matthews International's President and CEO, Michael J. Whitehead, received a grant of 69,198 RSUs on August 31, 2026, valued using a $23.12 per-share price, with vesting expected on August 31, 2027, subject to continued service.