Gebhardt Thomas 4

What Happened
Thomas Gebhardt, a director of Matthews International Corp. (MATW), was granted 5,556 restricted share units (RSUs) on 2026-03-12. The Form 4 reports the acquisition as a derivative award (code A) with a reported acquisition price of $0.00; the issuer used $25.23 (the mean of the day's high and low) to calculate the number of RSUs, giving an estimated grant value of about $140,178. These RSUs represent contingent rights to receive one share of Class A common stock per unit and generally vest on March 12, 2028, at which time they will convert into an equal number of shares.

Key Details

• Transaction date: 2026-03-12 (reported on Form 4 filed 2026-03-13) — filing appears timely.
• Transaction type/code: Award/Grant (A); acquisition price shown as $0.00 (derivative award).
• Units granted: 5,556 RSUs; valuation basis: $25.23 per share (mean of Nasdaq high/low that day); estimated grant value ≈ $140,178.
• Vesting: Generally vests on March 12, 2028, at which point units convert to shares.
• Shares owned after transaction: Not reported in this filing.
• Footnotes: Grant under the Second Amended and Restated 2019 Director Fee Plan; each RSU equals a contingent right to one Class A share. Power of Attorney dated July 11, 2025 is filed with the report.

Context
This is a derivative compensation award to a board member (typical director compensation), not an open-market purchase or sale. RSUs do not represent immediate share ownership or a sale; they convert to shares only upon vesting, so they do not provide current liquidity or indicate an immediate change in the insider’s market exposure.