Andrew Downard - Jan 30, 2024 Form 4 Insider Report for Mativ Holdings, Inc. (MATV)

Role
Chief Supply Chain Officer
Signature
/s/ Mark Johnson, attorney-in-fact for Andrew Downard, principal
Stock symbol
MATV
Transactions as of
Jan 30, 2024
Transactions value $
-$39,140
Form type
4
Date filed
3/14/2025, 09:24 PM
Next filing
Mar 11, 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 Options Exercise $0 +1.2K +1463.41% $0.00 1.28K Feb 16, 2024 Direct F1, F2
transaction MATV Common Stock Disposed to Issuer -$15.3K -1.2K -93.6% $12.73 82 Feb 16, 2024 Direct F1, F2, F3
transaction MATV Common Stock Options Exercise $0 +1.2K +43.12% $0.00 3.98K Feb 16, 2025 Direct F1, F2
transaction MATV Common Stock Disposed to Issuer -$10.9K -1.2K -93.6% $9.10 82 Feb 16, 2025 Direct F1, F2, F3
transaction MATV Common Stock Options Exercise $0 +4.18K +2550% $0.00 4.35K Feb 13, 2025 Direct F2, F4
transaction MATV Common Stock Tax liability -$12.9K -1.48K -34.08% $8.74 2.87K Feb 13, 2025 Direct F2, F4, F5

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 +12.5K 12.5K Apr 26, 2024 Common Stock 12.5K Direct F4, F6
transaction MATV Restricted Stock Units Options Exercise -4.18K -33.33% 8.36K Feb 13, 2025 Common Stock 4.18K Direct F4, F6
transaction MATV Restricted Stock Units Award +3.6K 3.6K Jan 30, 2024 Common Stock 3.6K Direct F1, F4, F7
transaction MATV Restricted Stock Units Options Exercise -1.2K -33.33% 2.4K Feb 16, 2024 Common Stock 1.2K Direct F1, F4, F7
transaction MATV Restricted Stock Units Options Exercise -1.2K -50% 1.2K Feb 16, 2025 Common Stock 1.2K Direct F1, F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 The transaction reflects the cash settlement of 1,200 vested RSUs on each of February 16, 2024 and 2025.
F4 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.
F5 Shares withheld to satisfy tax withholding obligation arising upon the vesting of RSUs.
F6 These RSUs were incorrectly disclosed in Table I on the reporting person's Form 4 documents filed on April 30, 2024.
F7 These RSUs were incorrectly disclosed in Table I on the reporting person's Form 4 documents filed on March 11, 2024.