Ronald C. Awenowicz - Jul 1, 2021 Form 3 Insider Report for MATTHEWS INTERNATIONAL CORP (MATW)

Role: SVP, Global Compliance & HR
Signature: /s/ Brian D. Walters (Attorney-in-Fact)
Stock symbol: MATW
Transactions as of: Jul 1, 2021
Transactions value $: $0
Form type: 3
Date filed: 7/12/2021, 11:51 AM
Next filing: Nov 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MATW	Class A Common Stock						600	Jul 1, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	MATW	Restricted Share Units							Jul 1, 2021	Class A Common Stock	2.8K	$0.00	Direct	F2
holding	MATW	Restricted Share Units							Jul 1, 2021	Class A Common Stock	3K	$0.00	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	310 of these shares are restricted shares that vest upon certain appreciation levels of the Company's stock price. Shares that do not achieve the stock price thresholds will be forfeited on the fifth anniversary of the grant.
F2	In general, a portion of these restricted share units vest three years from grant date; a portion of these restricted share units vest at target based upon the Company achieving certain metrics based on Return on Invested Capital ("ROIC"); and a portion of these restricted share units vest 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 for three years after grant date. 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 adjusted earnings per share thresholds will be forfeited on the third anniversary of the grant.
F3	In general, a portion of these restricted share units vest three years from grant date; a portion of these restricted share units vest at target based upon the Company achieving certain metrics based on Return on Invested Capital ("ROIC"); and a portion of these restricted share units vest at target based upon stock price appreciation thresholds for the Company's common stock. Vesting of all units are generally subject to continuing employment for three years after grant date. 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 stock price appreciation thresholds will be forfeited on the third anniversary of the grant.

Remarks:

The Power of Attorney dated June 9, 2021 is filed herewith.