Director at Matthews International (MATW) gains 4,668 vested shares

Rhea-AI Filing Summary

Matthews International Corp director Lillian Etzkorn exercised time-based restricted share units that vested on March 7, 2026. The 4,668 restricted share units converted into 4,668 shares of Class A common stock, increasing her directly held position to 18,331 shares. No open-market buying or selling occurred; this was a routine equity compensation vesting.

Insights

Equity compensation analyst

Routine RSU vesting converts into shares with no open-market trades.

Director Lillian Etzkorn saw 4,668 time-based restricted share units vest and convert into 4,668 shares of Matthews International Corp Class A common stock on March 7, 2026. This is coded as an M transaction, indicating a derivative exercise/conversion rather than a market purchase.

The filing shows no corresponding sales, tax-withholding dispositions, or remaining derivative positions, and her directly held stake rises to 18,331 shares after the transaction. This pattern reflects routine equity compensation vesting, not an active decision to buy or sell shares in the market.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Etzkorn Lillian

(Last) (First) (Middle)

TWO NORTHSHORE CENTER

(Street)

PITTSBURGH PA 15212

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MATTHEWS INTERNATIONAL CORP [ MATW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/07/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/07/2026		M(1)		4,668	A	$0	18,331	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	$0	03/07/2026		M			4,668	(1)	(1)	Class A Common Stock	4,668	$0	0	D

Explanation of Responses:

1. On March 7, 2026, the vesting date, the time-based restricted share units converted into an equal number of shares of the Company's Class A common stock.

Remarks:

The Power of Attorney dated August 26, 2025 is filed herewith.

	/s/ Brian D. Walters (Attorney-in-Fact)	03/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Lillian Etzkorn report at MATW?

Director Lillian Etzkorn reported the vesting and conversion of 4,668 time-based restricted share units into 4,668 shares of Matthews International Class A common stock on March 7, 2026. This was an equity award exercise, not an open-market buy or sell transaction.

How many Matthews International (MATW) shares did Etzkorn acquire in this Form 4?

Etzkorn acquired 4,668 shares of Matthews International Class A common stock through the conversion of an equal number of restricted share units. The Form 4 classifies this as a derivative exercise (code M), reflecting equity compensation vesting rather than a market trade at a cash price.

What are Lillian Etzkorn’s Matthews International holdings after this transaction?

Following the March 7, 2026 transaction, Etzkorn directly holds 18,331 shares of Matthews International Class A common stock. This post-transaction figure includes the 4,668 shares received from the vesting and conversion of her time-based restricted share units reported in the Form 4.

Did Lillian Etzkorn sell any MATW shares in this Form 4 filing?

No. The Form 4 shows Etzkorn exercising 4,668 restricted share units into an equal number of Class A common shares, with no reported sales or tax-withholding dispositions. The transaction direction is classified as "acquire," indicating an increase in her direct share ownership.

What does transaction code M mean in the Etzkorn MATW Form 4?

Transaction code M in Etzkorn’s Form 4 indicates an exercise or conversion of a derivative security. In this case, 4,668 restricted share units converted into 4,668 Class A common shares on March 7, 2026, reflecting equity award vesting rather than a standard market purchase or sale.

Were Etzkorn’s MATW restricted share units time-based awards?

Yes. A footnote explains that on March 7, 2026, the vesting date, the time-based restricted share units converted into an equal number of Matthews International Class A common shares. This confirms the awards vested according to a time schedule rather than performance conditions.