A high-frequency link (HFL) three-phase four-leg matrix converter (MC) can output three-phase balanced voltage for unbalanced load conditions. It is an inverter with great development potential. This paper presents a hybrid pulse width modulation (HPWM) strategy for a four-wire matrix converter based on the fourth bridge leg compensation method. Firstly, the rear-stage topology of a high-frequency link three-phase four-leg matrix converter is decoupled into two sets of ordinary three-phase four-wire inverters. Then the compensation strategy is applied to separate the fourth bridge leg from the coupling of the ordinary inverter and realize its independent control. Under the theory of compensation, the fourth bridge leg plays a role in compensating the deviation of the neutral point potential when the load is unbalanced, the fourth bridge leg does not need to work when the load is balanced. Finally, the fourth bridge leg modulation wave obtained by the compensation method is combined with the front three bridge leg modulation waves to perform the coupling control using the hybrid pulse width modulation strategy. It has changed the problem that the previous hybrid pulse width modulation strategy cannot be directly applied to the four-wire matrix converter. This strategy is simple to control, without adding any auxiliary commutation detection circuitry, can effectively solve the inherent commutation problem in the bidirectional switch tube of the four-wire matrix converter. It simplifies the complexity of the system, reduced control cost, and high switching loss caused by high switching frequency. The fast adjustment function of compensation strategy makes the dynamic response performance of system under load fluctuation state more prominent, the harmonic distortion rate is smaller. The perfect combination of two strategies allows the high-frequency link three-phase four-leg matrix converter with any form of load to give full play to its structural advantages. The related work verifies the feasibility and effectiveness of the modulation method and control logic.