April 14, 2024 · Form 4 insider transaction
Weitzel Gregory Thomas sold 252 shares of Mativ Holdings, Inc. at $17.42 per share, a transaction worth $4.4K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 334 days after the transaction.
On April 14, 2022, the reporting person was granted 2,582 RSUs subject to time vesting. Such RSUs vest in three equal annual installments beginning on April 14, 2022 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. 860 RSUs vested on April 14, 2023 and 861 RSUs vested on each of April 14, 2024.; Shares withheld to satisfy tax withholding obligation arising upon the vesting of RSUs.; 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 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.; The transaction reflects the re-reporting of the vesting of 861 RSUs previously reported on the reporting person's Form 4 filed April 16, 2024. The transaction also reflects shares withheld to satisfy tax withholding obligation arising upon the vesting of RSUs.