Steven D. Gackenbach - Nov 16, 2023 Form 4 Insider Report for MATTHEWS INTERNATIONAL CORP (MATW)

Role
Group President, Memorializati
Signature
/s/ Brian D. Walters (Attorney-in-Fact)
Stock symbol
MATW
Transactions as of
Nov 16, 2023
Transactions value $
-$534,046
Form type
4
Date filed
11/20/2023, 03:34 PM
Previous filing
Nov 15, 2023
Next filing
Nov 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MATW Class A Common Stock Options Exercise $0 +32.3K +50.17% $0.00 96.5K Nov 16, 2023 Direct F1
transaction MATW Class A Common Stock Tax liability -$534K -14K -14.53% $38.07 82.5K Nov 16, 2023 Direct F2

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
transaction MATW Restricted Share Units Options Exercise $0 -21.5K -100% $0.00* 0 Nov 16, 2023 Class A Common Stock 32.3K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 16, 2023, the vesting date, the time-based restricted share units converted into an equal number of shares of the Company's Class A common stock and the performance-based restricted share units (return on invested capital and stock price appreciation) converted into shares of the Company's Class A common stock at a rate of 200%.
F2 Sale of shares to the registrant to cover tax withholding on the vesting of restricted share units.

Remarks:

The Power of Attorney dated November 17, 2017 was filed on November 14, 2018, in Form 4, and is incorporated herein by reference.