Schertell Julie sold MATV
January 26, 2025 · Form 4 insider transaction
Schertell Julie sold 18,623 shares of Mativ Holdings, Inc. at $8.79 per share, a transaction worth $163.7K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 47 days after the transaction.
Footnotes
Shares withheld to satisfy tax withholding obligation arising upon the vesting of RSUs.; On January 26, 2022, the reporting person was granted 41,341 RSUs subject to time vesting. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. 41,341 RSUs vested on January 26, 2025.; The reporting person's number of shares of common stock owned was previously overstated by 84,541 shares due to a number of RSUs that should have been reported in Table II instead of Table I on the reporting person's Form 4 documents filed on March 7, 2023 and April 30, 2024.; The amount of securities beneficially owned from this transaction reflects the sale of 12,000 shares of common stock of the issuer previously disclosed on the reporting person's Form 4 filed on August 16, 2024.