Gregory S. Babe - 17 Nov 2024 Form 4 Insider Report for MATTHEWS INTERNATIONAL CORP (MATW)

Role
Chief Technology Officer, Director
Signature
/s/ Brian D. Walters (Attorney-in-Fact)
Issuer symbol
MATW
Transactions as of
17 Nov 2024
Net transactions value
-$364,074
Form type
4
Filing time
20 Nov 2024, 15:59:03 UTC
Previous filing
20 Nov 2023
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 +35,000 +53% $0.000000 101,098 17 Nov 2024 Direct F1
transaction MATW Class A Common Stock Tax liability $364,074 -15,323 -15% $23.76 85,775 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 -35,000 -35% $0.000000 65,000 17 Nov 2024 Class A Common Stock 35,000 $0.000000 Direct F1
transaction MATW Restricted Share Units Award $0 +10,000 $0.000000 10,000 18 Nov 2024 Class A Common Stock 10,000 $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 The grant of time-based units vests on November 18, 2027. Upon vesting, the time-based units will be converted to an equal number of shares of the Company's common stock.

Remarks:

The Power of Attorney dated November 22, 2017 was filed on January 23, 2018, in Form 4, and is incorporated herein by reference.