Brian D Walters - 17 Nov 2024 Form 4 Insider Report for MATTHEWS INTERNATIONAL CORP (MATW)

Role: SVP and General Counsel
Signature: Brian D Walters
Issuer symbol: MATW
Transactions as of: 17 Nov 2024
Net transactions value: -$186,207
Form type: 4
Filing time: 20 Nov 2024, 15:58:30 UTC
Previous filing: 20 Nov 2023
Next filing: 25 Nov 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MATW	Class A Common Stock	Options Exercise	$0	+17,900	+30%	$0.000000	77,370	17 Nov 2024	Direct	F1
transaction	MATW	Class A Common Stock	Tax liability	$186,207	-7,837	-10%	$23.76	69,533	17 Nov 2024	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	-17,900	-64%	$0.000000	10,200	17 Nov 2024	Class A Common Stock	17,900	$0.000000	Direct	F1
transaction	MATW	Restricted Share Units	Award	$0	+25,000		$0.000000	25,000	18 Nov 2024	Class A Common Stock	25,000	$0.000000	Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	On November 17, 2024, the vesting date, the time-based restricted share units converted into an equal number of shares of the Company's Class A common stock.
F2	Sale of shares to the registrant to cover tax withholding on the vesting of restricted share units.
F3	Award of restricted share units under the Company's Amended and Restated 2017 Equity Incentive Plan (the "Plan"), subject to the agreement entered into under the Plan. Each restricted share unit represents a contingent right to receive shares of the Company's common stock as described below.
F4	In general, 40% of the grant vests on November 18, 2027; 30% of the grant vests at target based upon the Company achieving certain metrics based on Return on Invested Capital ("ROIC"); and 30% of the grant vests at target based upon stock price appreciation for the Company's common stock. Vesting of all units are generally subject to continuing employment through November 18, 2027. 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 by the end of the performance period will be forfeited.