Weitzel Gregory Thomas sold MATV
January 26, 2024 · Form 4 insider transaction
Weitzel Gregory Thomas sold 103 shares of Mativ Holdings, Inc. at $13.38 per share, a transaction worth $1.4K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 413 days after the transaction.
Footnotes
Shares withheld to satisfy tax withholding obligation arising upon the vesting of RSUs.; On January 26, 2022, the reporting person was granted 874 RSUs subject to time vesting. Such RSUs vest in three approximately equal annual installments beginning on January 26, 2023 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. 290 RSUs vested on January 26, 2024 and 294 RSUs vested on January 26, 2025.; The reporting person's number of shares of common stock owned was previously overstated by 30,934 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 April 12, 2023 and April 30, 2024.; The transaction reflects the re-reporting of the vesting of 290 RSUs previously reported on the reporting person's Form 4 filed January 31, 2024. The transaction also reflects shares withheld to satisfy tax withholding obligation arising upon the vesting of RSUs.