MATTHEWS INTERNATIONAL CORP — Director's Dealing 2021

Mar 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MATTHEWS INTERNATIONAL CORP (MATW)
CIK: 0000063296
Period of Report: 2021-03-11

Reporting Person: GARCIA TUNON ALVARO (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-11	Restricted Share Units	$0.0	A	2988	Acquired		Class A Common Stock (2988.0)	Direct
2021-03-14	Restricted Share Units	$0.0	M	3291	Disposed		Class A Common Stock (3291.0)	Direct
2021-03-14	Deferred Stock Units under 2019 Director Fee Plan	$	M	3291	Acquired		Class A Common Stock (3291.0)	Direct
2021-03-14	Deferred Stock Units under 2019 Director Fee Plan	$	A	535	Acquired		Class A Common Stock (535.0)	Direct

Footnotes

F1: Award of restricted share units made under the 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 $41.84, 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 11, 2023 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 14, 2021, 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 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 in the following increments: 157 on 05/18/2020; 148 on 08/17/2020; 127 on 12/14/2020; 103 on 02/22/2021.