Weitzel Gregory Thomas sold MATV
February 13, 2025 · Form 4 insider transaction
Weitzel Gregory Thomas sold 2,482 shares of Mativ Holdings, Inc. at $8.79 per share, a transaction worth $21.8K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 29 days after the transaction.
Footnotes
Shares withheld to satisfy tax withholding obligation arising upon the vesting of RSUs.; On April 26, 2024, the reporting person was granted 21,033 RSUs subject to time vesting. Such RSUs vest in three equal annual installments beginning on February 13, 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. 7,011 RSUs vested on February 13, 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 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.