Schertell Julie sold MATV
March 11, 2025 · Form 4 insider transaction
Schertell Julie sold 483 shares of Mativ Holdings, Inc. at $6.87 per share, a transaction worth $3.3K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 3 days after the transaction.
Footnotes
On February 16, 2023, the reporting person was granted 48,114 restricted stock units ("RSUs") subject to time vesting. Such RSUs vest in three equal annual installments beginning on February 16, 2024 and each anniversary thereafter. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. 16,038 RSUs vested on each of February 16, 2024 and 2025. The transaction reflects the cash settlement of 16,038 vested RSUs on each of February 16, 2024 and 2025.; Shares withheld to satisfy tax withholding obligation arising upon the vesting of RSUs.