February 13, 2025 · Form 4 insider transaction
Downard Andrew sold 1,481 shares of Neenah Paper Inc at $8.74 per share, a transaction worth $12.9K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 29 days after the transaction.
On April 26, 2024, the reporting person was 12,546 restricted stock units ("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. 4,182 RSUs vested on February 13, 2025.; 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 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.