Stenzel Christoph sold MATV
January 6, 2025 · Form 4 insider transaction
Stenzel Christoph sold 17,526 shares of Mativ Holdings, Inc. at $10.97 per share, a transaction worth $192.3K. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 67 days after the transaction.
Footnotes
On October 4, 2022, the reporting person was granted a target number of 11,684 RSUs subject to performance and time-based vesting. On February 25, 2025, the Compensation Committee of the issuer determined that based on the issuer's performance between July 2022 and December 2024, 150% of the target number of RSUs vested on performance-based vesting requirements. The 17,526 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 17,526 vested RSUs.; The reporting person's number of shares of common stock owned was previously overstated by 9,239 shares due to (i) a number of RSUs that should have been reported in Table II instead of Table I on the reporting person's Form 3 filed on April 1, 2024 and Form 4 filed on April 30, 2024.