Michael W. Rickheim - 26 Jan 2024 Form 4 Insider Report for Mativ Holdings, Inc. (MATV)

Role
CHRO
Signature
/s/ Honor Winks, attorney-in-fact for Michael W. Rickheim, principal
Issuer symbol
MATV
Transactions as of
26 Jan 2024
Net transactions value
-$690,899
Form type
4
Filing time
14 Mar 2025, 21:21:38 UTC
Previous filing
12 Apr 2023
Next filing
20 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MATV Common Stock Award $0 +1,005 +2.5% $0.000000 41,679 26 Jan 2024 Direct F1, F2
transaction MATV Common Stock Tax liability $4,763 -356 -0.85% $13.38 41,323 26 Jan 2024 Direct F1, F2, F3
transaction MATV Common Stock Award $0 +741 +1.8% $0.000000 42,064 02 Feb 2024 Direct F2, F4
transaction MATV Common Stock Tax liability $3,085 -263 -0.63% $11.73 41,801 02 Feb 2024 Direct F2, F3, F4
transaction MATV Common Stock Award $0 +5,179 +12% $0.000000 46,980 02 Feb 2024 Direct F2, F5
transaction MATV Common Stock Tax liability $21,513 -1,834 -3.9% $11.73 45,146 02 Feb 2024 Direct F2, F3, F5
transaction MATV Common Stock Options Exercise $0 +2,274 +5% $0.000000 47,420 16 Feb 2024 Direct F2, F6, F7
transaction MATV Common Stock Disposed to Issuer $28,971 -2,274 -4.8% $12.74 45,146 16 Feb 2024 Direct F2, F6, F7, F8
transaction MATV Common Stock Options Exercise $0 +52,340 +116% $0.000000 97,486 06 Jan 2025 Direct F2, F9, F10
transaction MATV Common Stock Disposed to Issuer $574,170 -52,340 -54% $10.97 45,146 06 Jan 2025 Direct F2, F9, F11
transaction MATV Common Stock Award $0 +1,006 +2.2% $0.000000 46,152 26 Jan 2025 Direct F1, F2, F12
transaction MATV Common Stock Tax liability $2,939 -303 -0.66% $9.70 45,849 26 Jan 2025 Direct F1, F2, F3, F12
transaction MATV Common Stock Award $0 +7,037 +15% $0.000000 52,886 26 Jan 2025 Direct F2, F13
transaction MATV Common Stock Tax liability $20,331 -2,096 -4% $9.70 50,790 26 Jan 2025 Direct F2, F3, F13
transaction MATV Common Stock Options Exercise $0 +5,535 +11% $0.000000 56,325 13 Feb 2025 Direct F2, F14
transaction MATV Common Stock Tax liability $14,433 -1,642 -2.9% $8.79 54,683 13 Feb 2025 Direct F2, F3, F14
transaction MATV Common Stock Options Exercise $0 +2,274 +4.2% $0.000000 56,957 16 Feb 2025 Direct F2, F6
transaction MATV Common Stock Tax liability $20,693 -2,274 -4% $9.10 54,683 16 Feb 2025 Direct F2, F6, F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MATV Restricted Stock Units Award +52,340 52,340 31 Dec 2024 Common Stock 52,340 Direct F9
transaction MATV Restricted Stock Units Options Exercise -52,340 -100% 0 06 Jan 2025 Common Stock 52,340 Direct F10
transaction MATV Restricted Stock Units Award +16,605 16,605 26 Apr 2024 Common Stock 16,605 Direct F14, F15
transaction MATV Restricted Stock Units Options Exercise -5,535 -33% 11,070 13 Feb 2025 Common Stock 5,535 Direct F14
transaction MATV Restricted Stock Units Award +6,822 6,822 16 Feb 2025 Common Stock 6,822 Direct F6, F16
transaction MATV Restricted Stock Units Options Exercise -2,274 -33% 4,548 16 Feb 2024 Common Stock 2,274 Direct F6, F7
transaction MATV Restricted Stock Units Options Exercise -2,274 -50% 2,274 16 Feb 2025 Common Stock 2,274 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 26, 2022, the reporting person was granted 3,016 restricted stock units ("RSUs") subject to time vesting. Such RSUs vest in three approximately equal annual installments beginning on January 26, 2023 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. 1,005 RSUs vested on January 26, 2024 and 1,006 RSUs vested on January 26, 2025.
F10 The transaction reflects the vesting of 52,340 RSUs.
F11 On October 4, 2022, the reporting person was granted a target number of 34,893 RSUs subject to performance and time-based vesting. [On December 31, 2024, the [Compensation Committee] of the issuer determined that based on the issuer's fiscal year 2023 and 2024 performance, 150% of the target number of RSUs vested on performance-based vesting requirements. The RSUs had a vesting date of January 6, 2025, subject to continued service]. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting.
F12 The transaction reflects the vesting of 1,006 RSUs granted on January 26, 2022.
F13 On January 26, 2022, the reporting person was granted 7,037 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. 7,037 RSUs vested on January 26, 2025.
F14 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.
F15 These RSUs were incorrectly reported in Table I instead of Table II on the reporting person's Form 4 filed on April 30, 2024.
F16 These RSUs were incorrectly reported in Table I instead of Table II on the reporting person's Form 4 filed on March 7, 2023.
F2 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.
F3 Shares withheld to satisfy tax withholding obligation arising upon the vesting of RSUs.
F4 On February 2, 2021, the reporting person was granted 1,480 RSUs subject to time vesting. Such RSUs vest in two approximately equal annual installments beginning on February 2, 2023. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. 741 RSUs vested on February 2, 2024.
F5 On February 2, 2021, the reporting person was granted 5,179 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. 51,79 RSUs vested on February 2, 2024.
F6 On February 16, 2023, the reporting person was granted 6,822 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. 2,274 RSUs vested on each of February 16, 2024 and 2025.
F7 The transaction reflects the re-reporting of the vesting of 2,274 RSUs previously reported on the reporting person's Form 4 filed February 20, 2024.
F8 The transaction reflects the cash settlement of 2,274 vested RSUs on each of February 16, 2024 and 2025
F9 On October 4, 2022, the reporting person was granted a target number of 34,893 RSUs subject to performance and time-based vesting. On February 25, 2025, the Compensation Committee of the issuer determined that based on the issuer's performance between July 2022 and December 2024, 150% of the target number of RSUs vested on performance-based vesting requirements. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting.