0000063296-22-000086.txt : 20221116
0000063296-22-000086.hdr.sgml : 20221116
20221116161846
ACCESSION NUMBER: 0000063296-22-000086
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221114
FILED AS OF DATE: 20221116
DATE AS OF CHANGE: 20221116
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BARTOLACCI JOSEPH C
CENTRAL INDEX KEY: 0001211955
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-09115
FILM NUMBER: 221395399
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MATTHEWS INTERNATIONAL CORP
CENTRAL INDEX KEY: 0000063296
STANDARD INDUSTRIAL CLASSIFICATION: NONFERROUS FOUNDRIES (CASTINGS) [3360]
IRS NUMBER: 250644320
STATE OF INCORPORATION: PA
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: TWO NORTHSHORE CENTER
CITY: PITTSBURGH
STATE: PA
ZIP: 15212-5851
BUSINESS PHONE: 4124428200
MAIL ADDRESS:
STREET 1: TWO NORTHSHORE CENTER
CITY: PITTSBURGH
STATE: PA
ZIP: 15212-5851
FORMER COMPANY:
FORMER CONFORMED NAME: MATTHEWS JAMES H & CO
DATE OF NAME CHANGE: 19780823
4
1
wf-form4_166863350234947.xml
FORM 4
X0306
4
2022-11-14
0
0000063296
MATTHEWS INTERNATIONAL CORP
MATW
0001211955
BARTOLACCI JOSEPH C
TWO NORTHSHORE CENTER
PITTSBURGH
PA
15212
1
1
0
0
President and CEO
Class A Common Stock
2022-11-14
4
M
0
28245
0
A
353130
D
Class A Common Stock
2022-11-14
4
F
0
12281
27.60
D
340849
D
Class A Common Stock
2022-11-15
4
D
0
11250
0
D
329599
D
Restricted Share Units
0.0
2022-11-14
4
M
0
28245
0
D
Class A Common Stock
28245.0
52455
D
Restricted Share Units
0.0
2022-11-14
4
A
0
150000
0
A
Class A Common Stock
150000.0
150000
D
On November 14, 2022, the vesting date, the time-based restricted share units converted into an equal number of shares of the Company's Class A common stock.
Sale of shares to the registrant to cover tax withholding on the vesting of restricted share units.
Award of restricted share units under the Company's Amended and Restated 2017 Equity Incentive Plan (the "Plan"), subject to the agreement entered into under the Plan. Each restricted share unit represents a contingent right to receive shares of the Company's common stock as described below.
In general, 40% of the grant vests on November 14, 2025; 30% of the grant vests at target based upon the Company achieving certain metrics based on Return on Invested Capital ("ROIC"); and 30% of the grant vests 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 through November 14, 2025. 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 earnings per share thresholds by the end of the performance period will be forfeited.
The Power of Attorney dated February 27, 2018 was filed on November 14, 2018, in Form 4, and is incorporated herein by reference.
/s/ Brian D. Walters (Attorney-in-Fact)
2022-11-16