Matthews International Executive Compensation (FY25)
MATW · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Joseph Bartolacci | Latest say-on-pay support = February 19, 2026 | Chief executive pay ratio ◇ To the median employee |
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The paid brief on Matthews International
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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Data as of November 4, 2026Latest filing (8-K): February 19, 2026
16 filings cited on this page
Method: intel.velarion.ai/methodology
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330 figures on this page: 319 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
More on Matthews International
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Joseph Bartolacci: $5,808,360 → $5,701,016 (1.8% lower)
CEO pay ratio: 117:1 → 77:1 (34.2% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Matthews International's chief executive and what were they paid?
Joseph Bartolacci was paid $5,701,016 in total compensation as Director, President and Chief Executive Officer for fiscal 2025. Bartolacci's total moved 1.8% lower from the $5,808,360 reported for fiscal 2024.
What was Matthews International's say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 98.0% support at the meeting held February 19, 2026.
Which companies are in Matthews International's peer group?
The disclosed peer group names Barnes Group Inc., Columbus McKinnon Corporation, Deluxe Corp., EnPro Industries Inc. and Graco Inc., among others.
What is Matthews International's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 77:1, against median employee compensation of $74,089.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Joseph Bartolacci Director President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Steven Nicola Chief Financial Officer and Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Steven Gackenbach Group President, Memorialization | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Brian Walters Executive Vice President and General Counsel | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Gary Kohl President, SGK Brand Solutions | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Joseph Bartolacci Director President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Steven Nicola Chief Financial Officer and Secretary | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Steven Gackenbach Group President, Memorialization | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Brian Walters Executive Vice President and General Counsel | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Gary Kohl President, SGK Brand Solutions | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Joseph Bartolacci Director President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Steven Nicola Chief Financial Officer and Secretary | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Steven Gackenbach Group President, Memorialization | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Gary Kohl President, SGK Brand Solutions | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Brian Walters Executive Vice President and General Counsel | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Joseph Bartolacci Director, President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Steven Nicola Chief Financial Officer and Treasurer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Steven Gackenbach Executive Vice President (Group President, Memorialization) | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Brian Walters Executive Vice President, General Counsel, and Corporate Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Lee Lane Executive Vice President (Group President, Industrial Technologies and Matthews Environmental Solutions) | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Brian Walters | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Brian Walters | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Brian Walters | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Joseph Bartolacci | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Joseph Bartolacci | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Joseph Bartolacci | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Lee Lane | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Lee Lane | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Lee Lane | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Steven Gackenbach | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Steven Gackenbach | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Steven Gackenbach | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Steven Nicola | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Steven Nicola | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Steven Nicola | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Joseph Bartolacci | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Steven Nicola | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Brian Walters | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Steven Gackenbach | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Lee Lane | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
Brian Walters
Executive Vice President, General Counsel, and Corporate Secretary · Change-in-control agreement
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Non-compete period | ◇ |
| Non-solicit period | ◇ |
| Clawback | ◇ |
Joseph Bartolacci
Director, President and Chief Executive Officer · Change-in-control agreement
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Excise tax treatment | ◇ |
| Non-compete period | ◇ |
| Non-solicit period | ◇ |
Lee Lane
Executive Vice President (Group President, Industrial Technologies and Matthews Environmental Solutions) · Change-in-control agreement
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Non-compete period | ◇ |
| Non-solicit period | ◇ |
Steven Gackenbach
Executive Vice President (Group President, Memorialization) · Change-in-control agreement
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Excise tax treatment | ◇ |
| Non-compete period | ◇ |
| Non-solicit period | ◇ |
Steven Nicola
Chief Financial Officer and Treasurer · Change-in-control agreement
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Non-compete period | ◇ |
| Non-solicit period | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Alvaro Garcia-Tunon Board chair | ◇ | ◇ | — | — | — | — | ◇ |
J. Michael Nauman | ◇ | ◇ | — | — | — | — | ◇ |
Lillian D. Etzkorn | ◇ | ◇ | — | — | — | — | ◇ |
Francis S. Wlodarczyk | ◇ | ◇ | — | — | — | — | ◇ |
Terry L. Dunlap | ◇ | ◇ | — | — | — | — | ◇ |
Katherine E. Dietze | ◇ | ◇ | — | — | — | — | ◇ |
Morgan K. O'Brien | ◇ | ◇ | — | — | — | — | ◇ |
David A. Schawk | ◇ | ◇ | — | — | — | — | ◇ |
Thomas A. Gebhardt | ◇ | ◇ | — | — | — | — | ◇ |
Aleta W. Richards | ◇ | ◇ | — | — | — | — | ◇ |
J.R. Whitaker | ◇ | — | — | — | — | — | ◇ |
Joseph C. Bartolacci and Gregory S. Babe served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Stock ownership guideline: Executive and director stock ownership guidelines to align interests with our shareholders;
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Barnes Group Inc. B
- Columbus McKinnon Corporation CMCO
- Deluxe Corp. DLX
- EnPro Industries Inc. NPO
- Graco Inc. GGG
- Hillenbrand Inc. HI
- ICF International, Inc. ICFI
- John Wiley & Sons, Inc. WLY
- Mativ Holdings, Inc. MATV
- Minerals Technologies Inc. MTX
- Moog, Inc. MOG.A
- MSA Safety Incorporated MSA
- Service Corp. International SCI
- Stagwell, Inc. STGW
- Standex International Corp. SXI
- TriMas Corporation TRS
- Woodward, Inc. WWD
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | February 19, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | February 20, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | February 15, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | February 16, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | February 17, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | February 18, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | February 20, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | February 21, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | February 15, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | February 16, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | February 18, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Joseph Bartolacci (Director, President and Chief Executive Officer), FY2025 total compensation $5,701,016 (base salary $1,108,760) [exec_comp, SEC accession 0001193125-26-015869, filed 2026-01-20]What this page does not include
Everything above is a fact Matthews International disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Matthews International sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
330 figures on this page: 319 cited to the filing that reported them, 11 calculated from figures it prints.
319 cited to the filing
11 calculated from the filing
Documents cited
- 0001193125-26-059437Proposal 6 at the Annual Meeting, and as such, these directors have been elected to serve until the Company’s 2027 Annual Meeting of Shareholders and until their successors are elected and qualified o
- 0001193125-26-015869CEO Pay Ratio · Grants of Plan-Based Awards Table for Fiscal Year Ended September 30, 2025 · Non-Employee Director Compensation Table for Fiscal Year Ended September 30, 2025 · Outstanding Equity Awards at Fiscal Year-End for Fiscal Year Ended September 30, 2025 · and 1 more section
- 0001193125-25-032099Proposal 1: To elect three directors of the Company for a term of three years .
- 0001193125-25-002898Summary Compensation Table for Fiscal Year Ended September 30, 2024
- 0000063296-24-000014Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000063296-24-000002Summary Compensation Table
- 0000063296-23-000015
- 0000063296-23-000004Summary Compensation Table
- 0000063296-22-000013
- 0000063296-21-000015Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000063296-20-000016Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000063296-19-000057Employment Agreement · Exhibit
- 0000063296-19-000014
- 0000063296-18-000023
- 0000063296-17-000015Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000063296-16-000119Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Matthews International executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MATW (accessed 2026).
Short form: data: Velarion
The paid brief for Matthews International
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $500 for the board report; $900 for both.
16 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Matthews International discloses
The companies named in MATW's own disclosed peer group.
Barnes Group Inc.Columbus McKinnon CorporationDeluxe Corp.EnPro Industries Inc.Graco Inc.Hillenbrand Inc.ICF International, Inc.John Wiley & Sons, Inc.Mativ Holdings, Inc.Minerals Technologies Inc.MSA Safety IncorporatedService Corp. InternationalStagwell, Inc.Standex International Corp.TriMas CorporationWoodward, Inc.
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}