TUNON ALVARO GARCIA - 07 Mar 2024 Form 4 Insider Report for MATTHEWS INTERNATIONAL CORP (MATW)

Role
Director
Signature
/s/ Brian D. Walters (Attorney-in-Fact)
Issuer symbol
MATW
Transactions as of
07 Mar 2024
Net transactions value
$0
Form type
4
Filing time
11 Mar 2024, 16:55:08 UTC
Previous filing
21 Feb 2024
Next filing
21 May 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MATW Restricted Share Units Award $0 +4,668 $0.000000 4,668 07 Mar 2024 Class A Common Stock 4,668 $0.000000 Direct F1, F2, F3
transaction MATW Restricted Share Units Options Exercise $0 -4,263 -100% $0.000000* 0 10 Mar 2024 Class A Common Stock 4,263 $0.000000 Direct F4
transaction MATW Deferred Stock Units under 2019 Director Fee Plan Options Exercise $0 +4,263 +19% $0.000000 26,976 10 Mar 2024 Class A Common Stock 4,263 Direct F4, F5
transaction MATW Deferred Stock Units under 2019 Director Fee Plan Award $0 +263 +0.97% $0.000000 27,239 10 Mar 2024 Class A Common Stock 263 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of restricted share units made under the 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.
F2 The number of restricted share units issued by the Issuer to the Reporting Person was calculated based on $30.00, 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.
F3 The award generally vests on March 7, 2026 at which point the units will be converted to an equal number of shares of the Company's Class A common stock. Upon the vesting of this award of restricted share units, the Reporting Person deferred the receipt of the Class A common stock underlying the award subject to a timely deferral election, unless such deferral election is timely modified or revoked pursuant to its terms.
F4 On March 10, 2024, the vesting date, the time-based restricted share units converted into an equal number of deferred stock units under the provisions of the Reporting Person's deferral election.
F5 Each Deferred Stock Unit ("DSU") is the economic equivalent of one share of Class A common stock. The DSUs become payable in common stock in accordance with a deferral election made by the reporting person or pursuant to the Issuer's Amended and Restated 2019 Director Fee Plan. A copy of such deferral election is on file with the Issuer.
F6 DSUs were issued by the Issuer to the Reporting Person pursuant to dividend equivalent rights which are related to the March 10. 2024 restricted share units vesting.

Remarks:

The Power of Attorney dated February 6, 2018 was filed on February 7, 2018, in Form 4, and is incorporated herein by reference.