Schertell Julie sold MATV
February 16, 2025 · Form 4 insider transaction
Schertell Julie sold 16,038 shares of Mativ Holdings, Inc. at $9.10 per share, a transaction worth $145.9K. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 26 days after the transaction.
Footnotes
On October 4, 2022, the reporting person was granted a target number of 75,944 RSUs subject to performance and time-based vesting. [On December 31, 2024, the [Compensation Committee] of the issuer determined that based on the issuer's fiscal year 2023 and 2024 performance, 150% of the target number of RSUs vested on performance-based vesting requirements. The 113,916 RSUs had a vesting date of January 6, 2025, subject to continued service]. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting.; The transaction reflects the cash settlement of 113,916 vested RSUs.; 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.