February 13, 2025 · Form 4 insider transaction
Rickheim Michael W sold 1,642 shares of Neenah Paper Inc at $8.79 per share, a transaction worth $14.4K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 29 days after the transaction.
Shares withheld to satisfy tax withholding obligation arising upon the vesting of RSUs.; On April 26, 2024, the reporting person was granted 16,605 RSUs subject to time vesting. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. 5,535 RSUs vested on February 13, 2025.; The reporting person's number of shares of common stock owned was previously overstated by 23,570 shares due to (i) 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 March 7, 2023 and April 30, 2024, (ii) an administrative error in recording an acquisition of 5,458 shares of common stock of the issuer and a disposition of 2,351 shares of common stock of the issuer for tax withholding on the reporting person's Form 4 filed on April 12, 2023, (iii) a clerical error in recording an acquisition of 4,739 and 719 shares of common stock of the issuer, instead of 6,780 and 1,029 shares of common stock of the issuer, respectively, on the reporting person's Form 4 filed on April 12, 2023.