Rickheim Michael W

Rickheim Michael W., the Chief Human Resources Officer and Chief Accounting Officer at Mativ Holdings (MATV), has filed 36 Form 4 transactions with the SEC, all in a single company. The pattern is overwhelmingly one-sided: there are no open-market purchases (code P) in the record, and the total value of open-market sales (code S) is zero. Instead, the activity is dominated by compensation-related events—option exercises (M), share grants (A), and automatic tax withholdings (F)—along with a single large disposition back to the issuer (D) on January 6, 2025, valued at $574,169.80. That transaction, combined with a smaller D on June 3, 2025, at $9,929.92, accounts for the bulk of the $642,018.50 in total sell-side value. The remaining sell-side activity consists entirely of F-code withholdings, which are mechanical and not discretionary. The most recent cluster of filings, all dated June 3, 2025, illustrates the recurring rhythm: multiple option exercises and grants with zero reported value, offset by F-code tax withholdings totaling roughly $51,700, and the small D-code disposition. The largest single F-code withholding in that batch was $28,994.68. Earlier in 2025, similar F-code events occurred on February 16 ($20,693.40), February 13 ($14,433.18), and January 26 ($20,331.20 and $2,939.10). Across the entire filing history, Rickheim has acquired $247,504.30 in shares through exercises and grants, but has not initiated a single open-market buy. The data suggests a compensation-driven insider who periodically sells shares back to the issuer or has shares withheld for taxes, rather than an executive actively trading on conviction in either direction.