Matthews International insider gets 13,800 shares, sells 6,002

Rhea-AI Filing Summary

Matthews International (MATW) executive EVP, Group President Memorial reported routine equity activity in company stock. On November 20, 2025, performance-based restricted share units vested and converted into 13,800 shares of Class A common stock at an exercise price of $0, reflecting a 200% payout on a return-on-invested-capital award. On the same date, 6,002 shares were sold back to the company at $25.10 per share to cover tax withholding related to the vesting. After these transactions, the insider directly beneficially owned 111,942 shares of Class A common stock. The related restricted share unit award shown in the derivative table now has a remaining balance of zero.

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^*

Gackenbach Steven D

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Group Pres, Memorial

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

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	11/20/2025		M(1)		13,800	A	$0	117,944	D
Class A Common Stock	11/20/2025		F(2)		6,002	D	$25.1	111,942	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	11/20/2025		M			6,900	(1)	(1)	Class A Common Stock	13,800(1)	$0	0	D

Explanation of Responses:

1. On November 20, 2025, the vesting date, the return on invested capital performance-based restricted share units converted into shares of the Company's Class A common stock at a rate of 200%.

2. Sale of shares to the registrant to cover tax withholding on the vesting of restricted share units.

Remarks:

The Power of Attorney dated September 10, 2025 was filed on November 18, 2025, in Form 4, and is incorporated herein by reference.

	/s/ Brian D. Walters (Attorney-in-Fact)	11/24/2025
	** 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.

FAQ

What insider transaction did MATW disclose in this Form 4?

The filing reports an EVP, Group President Memorial receiving 13,800 shares of Matthews International Class A common stock from vested performance-based restricted share units and selling 6,002 shares to cover tax withholding.

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

Following the reported transactions, the executive directly beneficially owns 111,942 shares of Matthews International Class A common stock.

What was the price of the MATW shares sold to cover taxes?

The 6,002 shares sold to cover tax withholding were transacted at a price of $25.10 per share.

What triggered the issuance of 13,800 MATW shares to the executive?

On November 20, 2025, performance-based restricted share units tied to return on invested capital vested and converted into 13,800 shares of Class A common stock at a 200% payout rate.

Did the reporting person retain or dispose of the restricted share units after vesting?

The performance-based restricted share units converted into 13,800 shares, and the derivative table shows a remaining balance of 0 restricted share units after the transaction.

What role does the reporting person hold at Matthews International (MATW)?

The reporting person is identified as an Officer, serving as EVP, Group President, Memorial of Matthews International Corporation.