February 16, 2024 · Form 4 insider transaction
Weitzel Gregory Thomas sold 2,843 shares of Mativ Holdings, Inc. at $12.73 per share, a transaction worth $36.2K. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 392 days after the transaction.
On February 16, 2023, the reporting person was granted 8,527 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. 2,843 RSUs vested on each of February 16, 2024 and 2025.; The transaction reflects the cash settlement of 2,843 vested RSUs on each of February 16, 2024 and 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 2,843 RSUs previously reported on the reporting person's Form 4 filed February 20, 2024. The transaction also reflects the cash settlement of 2,843 vested RSUs.; The transaction reflects shares withheld to satisfy tax withholding obligation arising upon the vesting of RSUs reported on the reporting person's Form 4 filed on February 6, 2024.