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[Form 4] MATTHEWS INTERNATIONAL CORP Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Matthews International Corporation (MATW) reported insider equity activity by its Chief Information Officer on a Form 4. On November 14, 2025, 2,400 time-based restricted share units vested and converted into the same number of Class A common shares at an exercise price of $0. On the same date, 1,044 shares were sold back to the company at $24.93 per share to cover tax withholding related to the vesting, leaving the officer with 17,969 directly owned shares. On November 17, 2025, the officer received a new award of 7,150 restricted share units under the company’s Amended and Restated 2017 Equity Incentive Plan, with 40% vesting on November 17, 2028 and the remaining 60% tied to return on invested capital and stock price performance targets.

Positive

  • None.

Negative

  • None.
Insider Brkovich Davor
Role Chief Information Officer
Type Security Shares Price Value
Grant/Award Restricted Share Units 7,150 $0.00 --
Exercise Restricted Share Units 2,400 $0.00 --
Exercise Class A Common Stock 2,400 $0.00 --
Tax Withholding Class A Common Stock 1,044 $24.93 $26K
Holdings After Transaction: Restricted Share Units — 7,150 shares (Direct); Class A Common Stock — 18,849 shares (Direct)
Footnotes (1)
  1. On November 14, 2025, the vesting date, the time-based restricted share units converted into an equal number of shares of the Company's Class A common stock. Sale of shares to the registrant to cover tax withholding on the vesting of restricted share units. 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. In general, 40% of the grant vests on November 17, 2028; 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 17, 2028. 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.
Form 4 Insider Transactions: What Each Field Means →
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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Brkovich Davor
(Last) (First) (Middle)
252 PARKWEST DRIVE
(Street)
PITTSBURGH PA 15275
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Information Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025
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 11/14/2025 M(1) 2,400 A $0 18,849 D
Class A Common Stock 11/14/2025 F(2) 1,044 D $24.93 17,969 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 11/14/2025 M 2,400 (1) (1) Class A Common Stock 2,400(1) $0 3,600 D
Restricted Share Units $0(3) 11/17/2025 A 7,150 (4) (4) Class A Common Stock 7,150(4) $0 7,150 D
Explanation of Responses:
1. On November 14, 2025, the vesting date, the time-based restricted share units converted into an equal number of shares of the Company's Class A common stock.
2. Sale of shares to the registrant to cover tax withholding on the vesting of restricted share units.
3. 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.
4. In general, 40% of the grant vests on November 17, 2028; 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 17, 2028. 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.
Remarks:
The Power of Attorney dated September 4, 2025 is filed herewith.
/s/ Brian D. Walters (Attorney-in-Fact) 11/18/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did MATW disclose in this Form 4?

The Chief Information Officer of Matthews International (MATW) reported the vesting of 2,400 restricted share units into Class A common stock and the sale of 1,044 shares to the company to cover tax withholding, plus a new grant of 7,150 restricted share units.

How many MATW shares does the reporting person own after these transactions?

After the reported transactions, the Chief Information Officer beneficially owns 17,969 shares of Matthews International Class A common stock directly.

What are the terms of the new 7,150 MATW restricted share units?

The new award of 7,150 restricted share units generally vests as follows: 40% on November 17, 2028, 30% based on return on invested capital metrics, and 30% based on stock price appreciation, with continued employment through November 17, 2028.

Why were 1,044 MATW shares sold on November 14, 2025?

The 1,044 shares of Matthews International Class A common stock were sold to the registrant at $24.93 per share to cover tax withholding obligations related to the vesting of restricted share units.

How are MATW performance-based restricted share units settled at vesting?

Upon vesting, time-based units convert into an equal number of Matthews International common shares, while performance-based units convert using a factor from 50% to 200% depending on achievement of return on invested capital and stock price appreciation thresholds.

What happens if MATW performance targets are not met for these restricted share units?

If the return on invested capital or stock price appreciation thresholds are not achieved by the end of the performance period, the related performance-based restricted share units will be forfeited.