MATTHEWS INTERNATIONAL CORP — Director's Dealing 2021

Jul 12, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: MATTHEWS INTERNATIONAL CORP (MATW)
CIK: 0000063296
Period of Report: 2021-07-01

Reporting Person: Gurtner Reena (SVP, Global Talent & HR)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	2270	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Share Units	$0.0		Class A Common Stock (200.0)		Direct
Restricted Share Units	$0.0		Class A Common Stock (1950.0)		Direct
Restricted Share Units	$0.0		Class A Common Stock (2000.0)		Direct

Footnotes

F1: The units vest upon certain appreciation levels of the Company's stock price. Upon vesting, units will be converted to an equal number of shares of the Company's common stock. Units that do not achieve the stock price thresholds will be forfeited on the fifth anniversary of the grant.

F2: In general, a portion of these restricted share units vest three years from grant date; a portion of these restricted share units vest at target based upon the Company achieving certain metrics based on Return on Invested Capital ("ROIC"); and a portion of these restricted share units vest at target based upon the Company achieving certain metrics based on adjusted earnings per share. Vesting of all units are generally subject to continuing employment for three years after grant date. 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 adjusted earnings per share thresholds will be forfeited on the third anniversary of the grant.

F3: In general, a portion of these restricted share units vest three years from grant date; a portion of these restricted share units vest at target based upon the Company achieving certain metrics based on Return on Invested Capital ("ROIC"); and a portion of these restricted share units vest at target based upon stock price appreciation thresholds for the Company's common stock. Vesting of all units are generally subject to continuing employment for three years after grant date. 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 will be forfeited on the third anniversary of the grant.