Downard Andrew sold MATV
February 16, 2024 · Form 4 insider transaction
Downard Andrew sold 1,200 shares of Mativ Holdings, Inc. at $12.73 per share, a transaction worth $15.3K. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 392 days after the transaction.
Footnotes
On January 30, 2024, the reporting person was granted 3,600 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. 1,200 RSUs vested on each of February 16, 2024 and 2025.; The transaction reflects the cash settlement of 1,200 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 18,083 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 11, 2024 and April 30, 2024 and (ii) a clerical error in recording an acquisition of 15,683 RSUs instead of 12,546 RSUs on the reporting person's Form 4 filed on April 30, 2024.