Schertell Julie sold MATV
February 13, 2025 · Form 4 insider transaction
Schertell Julie sold 22,776 shares of Mativ Holdings, Inc., a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 29 days after the transaction.
Footnotes
On April 26, 2024, the reporting person was granted 95,269 RSUs subject to time vesting. Such RSUs vest in three equal annual installments beginning on February 16, 2025 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. 31,756 RSUs vested on February 16, 2025.; 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 certain unvested restricted stock units that are time-based, which represents a prorated portion of the reporting person's grants as of March 11, 2025. The cancellation of the remaining unvested restricted stock units is reflected as a reduction to the number of derivative securities reported in Column 9.