September 1, 2024 · Form 4 insider transaction
JOHNSON MARK W sold 6,443 shares of Neenah Paper Inc at $18.96 per share, a transaction worth $122.2K. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 194 days after the transaction.
On September 20, 2023, the reporting person was granted 19,330 restricted stock units ("RSUs") subject to time vesting. Such RSUs vest in three equal annual installments beginning on September 1, 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. 6,443 RSUs vested on September 1, 2024.; This transaction reflects the settlement for cash of 6,443 vested RSUs.; The reporting person's number of shares of common stock owned was previously overstated by 33,551 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 September 22, 2023 and April 30, 2024.