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Matthews International CEO granted 69K stock units

MATTHEWS INTERNATIONAL CORP (MATW) reported that President and CEO Michael J. Whitehead received an award of 69,198 Restricted Share Units under the company's Amended and Restated 2017 Equity Incentive Plan.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

MATTHEWS INTERNATIONAL CORP (MATW) reported that President and CEO Michael J. Whitehead received an award of 69,198 Restricted Share Units under the company's Amended and Restated 2017 Equity Incentive Plan. Each unit represents a contingent right to receive one share of Class A common stock upon vesting.

The number of RSUs was calculated using a reference value of $23.12, the average of the high and low trading prices over the 20 trading days prior to the August 31, 2026 grant date. The award is expected to vest on August 31, 2027, subject to his continued service, at which time the RSUs will convert into an equal number of Class A shares. Following this grant, Whitehead directly holds 69,198 RSUs.

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Insider Whitehead Michael J
Role President and CEO
Type Security Shares Price Value
Grant/Award Restricted Share Units F1, F2, F3 69,198 $0.00 $0.00
Holdings After Transaction: Restricted Share Units — 69,198 contracts (Direct)
Footnotes (3)
  1. F1. 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.
  2. F2. The number of restricted share units issued by the Issuer to the Reporting Person was calculated based on $23.12, which represents the average of the high and low trading prices per share of the Issuer's Class A common stock on the Nasdaq Global Select Market for the 20 days of trading that immediately preceded the date of issuance.
  3. F3. The award is expected to vest on August 31, 2027 subject to the Reporting Person's continued service to the Issuer through such date, at which point the restricted share units will be converted to an equal number of shares of the Issuer's Class A common stock.
Restricted Share Units granted 69,198 units Awarded to President and CEO Michael J. Whitehead on August 31, 2026
Reference stock price for RSU calculation $23.12 per share Average of high and low trading prices over 20 trading days before grant
Underlying shares 69,198 shares of Class A common stock Each RSU represents a contingent right to one Class A share
Vesting date August 31, 2027 RSUs expected to vest subject to continued service through this date
RSU holdings after transaction 69,198 units Total Restricted Share Units directly held by Michael J. Whitehead after grant
Restricted Share Units financial
"Award of restricted share units under the Company's Amended and Restated 2017 Equity Incentive Plan"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
Equity Incentive Plan financial
"under the Company's Amended and Restated 2017 Equity Incentive Plan (the "Plan")"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
contingent right financial
"Each restricted share unit represents a contingent right to receive shares"
Nasdaq Global Select Market market
"trading prices per share of the Issuer's Class A common stock on the Nasdaq Global Select Market"
A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

FAQ

What equity award did MATW grant to its CEO Michael J. Whitehead?

Michael J. Whitehead received an award of 69,198 Restricted Share Units under Matthews International’s Amended and Restated 2017 Equity Incentive Plan, each representing a contingent right to receive one share of the company’s Class A common stock upon vesting.

When do Michael J. Whitehead’s new MATW RSUs vest?

The RSU award to Michael J. Whitehead is expected to vest on August 31, 2027, subject to his continued service to Matthews International through that date, after which the units will convert into an equal number of Class A common shares.

How was the number of MATW RSUs granted to the CEO determined?

The 69,198 RSUs granted to the CEO were calculated using $23.12 as the reference value, representing the average of the high and low trading prices of Matthews International Class A common stock on the Nasdaq Global Select Market over the 20 trading days preceding the grant date.

What is Michael J. Whitehead’s MATW RSU holding after this Form 4 transaction?

After this transaction, Michael J. Whitehead directly holds 69,198 Restricted Share Units of Matthews International, each corresponding to a contingent right to receive one share of the company’s Class A common stock upon vesting.

Does the RSU grant to MATW’s CEO involve any cash exercise price?

The reported RSU grant shows a per-unit price of $0.00, reflecting that it is a grant of equity-based compensation rather than a purchase for cash. The economic reference amount of $23.12 was used only to calculate the number of units granted.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
Whitehead Michael J

(Last)(First)(Middle)
TWO NORTHSHORE CENTER

(Street)
PITTSBURGH PENNSYLVANIA 15212

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
MATTHEWS INTERNATIONAL CORP [ MATW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/31/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Units$0(1)08/31/2026A69,198(2) (3) (3)Class A Common Stock69,198(3)$069,198D
Explanation of Responses:
1. 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.
2. The number of restricted share units issued by the Issuer to the Reporting Person was calculated based on $23.12, which represents the average of the high and low trading prices per share of the Issuer's Class A common stock on the Nasdaq Global Select Market for the 20 days of trading that immediately preceded the date of issuance.
3. The award is expected to vest on August 31, 2027 subject to the Reporting Person's continued service to the Issuer through such date, at which point the restricted share units will be converted to an equal number of shares of the Issuer's Class A common stock.
Remarks:
The Power of Attorney dated August 31, 2026 was filed on August 31, 2026, in Form 3, and is incorporated herein by reference.
/s/ Brian D. Walters (Attorney-in-Fact)09/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)