Form 4: Matthews CEO Converts RSUs, Sells Shares for Tax
Insider Transaction Report
Matthews International CEO Joseph C. Bartolacci converted performance-based restricted share units into 90,000 shares and sold 39,141 shares for tax withholding.
Summary
- Joseph C. Bartolacci, President and CEO, and a Director of Matthews International Corp (MATW), reported changes in his beneficial ownership.
- On November 20, 2025, 45,000 performance-based restricted share units (RSUs) vested and converted into 90,000 shares of Class A Common Stock.
- The conversion rate was 200%, indicating strong return on invested capital performance.
- Following the conversion, 39,141 shares of Class A Common Stock were disposed of at a price of $25.1 per share to cover tax withholding obligations.
- After these transactions, Mr. Bartolacci beneficially owns 635,812 shares of Class A Common Stock directly.
Sentiment
Score: 8
Explanation: The vesting of performance-based restricted share units at a 200% rate is a strong positive indicator of the company's financial performance and management's effectiveness in achieving targets. The subsequent sale for tax withholding is a standard procedure and does not detract significantly from the positive signal.
Positives
- Performance-based restricted share units vested at a 200% rate, indicating strong achievement of return on invested capital targets by the company.
- The vesting demonstrates successful execution against key performance indicators, reflecting positively on management's performance.
Negatives
- A significant number of shares (39,141) were sold, although this was explicitly stated to cover tax withholding on the RSU vesting, which is a common practice.
Stakeholder Impact
- Shareholders may view the 200% RSU conversion rate as a positive signal regarding the company's operational and financial performance, potentially increasing confidence in management.
Key Dates
| Date | Description |
|---|---|
| 08/22/2025 | Date of the Power of Attorney for filing SEC forms. |
| 11/18/2025 | Date the Power of Attorney was filed. |
| 11/20/2025 | Vesting date for performance-based restricted share units and transaction date for share acquisition and disposition. |
| 11/24/2025 | Signature date of the Form 4 filing. |
Keywords
MATW, Matthews International, Form 4, Insider Transaction, RSU Vesting, Stock Sale, CEO, Joseph C. Bartolacci, Performance-Based Equity
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.