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Matthews (NASDAQ: MATW) director awarded 5,556 restricted share units

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

Rhea-AI Filing Summary

Matthews International director Aleta W. Richards received a grant of 5,556 restricted share units as part of her board compensation. The award was made under the Second Amended and Restated 2019 Director Fee Plan and is held directly.

Each restricted share unit represents a contingent right to receive one share of Class A common stock, calculated using a reference price of $25.23, the mean of the highest and lowest Nasdaq sales prices on the grant date. The units generally vest on March 12, 2028, at which time they convert into an equal number of Class A shares, resulting in 5,556 shares if fully vested.

Positive

  • None.

Negative

  • None.
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*
Richards Aleta W.

(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)
03/12/2026
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
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(1) 03/12/2026 A 5,556(2) (3) (3) Class A Common Stock 5,556(3) $0 5,556 D
Explanation of Responses:
1. Award of restricted share units made under the Second Amended and Restated 2019 Director Fee Plan subject to the agreement entered into under the Plan. Each restricted share unit represents a contingent right to receive one share of the Company's Class A common stock.
2. The number of restricted share units issued by the Issuer to the Reporting Person was calculated based on $25.23, which represents the mean of the highest and lowest sales prices per share of the Issuer's Class A common stock on the Nasdaq Exchange on the date of issuance.
3. The award generally vests on March 12, 2028 at which point the units will be converted to an equal number of shares of the Company's Class A common stock.
Remarks:
The Power of Attorney dated September 5, 2025 was filed on March 10, 2026, in Form 4, and is incorporated herein by reference.
/s/ Brian D. Walters (Attorney-in-Fact) 03/13/2026
** 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 Matthews International (MATW) report for Aleta W. Richards?

Matthews International reported that director Aleta W. Richards received 5,556 restricted share units as a compensation grant. The award was issued under the company’s Second Amended and Restated 2019 Director Fee Plan and is classified as a grant or award, not an open-market stock purchase.

How many Matthews International (MATW) shares could Aleta W. Richards ultimately receive from this Form 4 award?

The grant covers 5,556 restricted share units, each tied to one Class A common share. If all units vest, Richards would receive 5,556 Matthews International Class A shares upon conversion, matching the post-transaction total shown for this award in the filing.

When do Aleta W. Richards’ Matthews International (MATW) restricted share units vest?

The restricted share units generally vest on March 12, 2028. On that date, if vesting conditions are satisfied, the 5,556 units convert into an equal number of Class A common shares, transferring the full award into actual stock ownership for the director.

How was the number of restricted share units for MATW director Aleta W. Richards determined?

The company calculated the 5,556 restricted share units using a reference price of $25.23 per share. That price represents the mean of the highest and lowest sales prices of Matthews International Class A stock on the Nasdaq Exchange on the grant date.

Is Aleta W. Richards’ Form 4 transaction in MATW an open-market stock purchase or sale?

The transaction is a grant of restricted share units, not an open-market trade. It is coded as an acquisition due to a compensation award, meaning the director did not buy or sell shares in the market but received equity as part of board fees.

What type of security did MATW director Aleta W. Richards receive in this Form 4 filing?

She received restricted share units that are derivative securities linked to Class A common stock. Each unit is a contingent right to receive one share, vesting on March 12, 2028, after which the units convert into the same number of common shares.
Matthews Intl Corp

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