March 11, 2025 · Form 4 insider transaction
Schertell Julie sold 24,235 shares of Neenah Paper Inc at $6.87 per share, a transaction worth $166.5K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 3 days after the transaction.
Shares withheld to satisfy tax withholding obligation arising upon the vesting of RSUs.; On February 16, 2023, the reporting person was granted a target number of 72,171 RSUs subject to performance and time-based vesting. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. On March 11, 2025, upon the resignation by the reporting person as the issuer's President and Chief Executive Officer, and director, the issuer accelerated the vesting of a prorated portion of the reporting person's grant, resulting in the reporting person receiving 22,776 shares of the issuer's common stock.