4//SEC Filing
Schertell Julie 4
Accession 0001562180-25-002422
CIK 0001000623other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 9:12 PM ET
Size
63.4 KB
Accession
0001562180-25-002422
Insider Transaction Report
Form 4
Schertell Julie
DirectorPresident, CEO
Transactions
- Exercise/Conversion
Common Stock
2024-02-16+16,038→ 227,478 total - Exercise/Conversion
Common Stock
2025-02-25+113,916→ 313,356 total - Award
Common Stock
2025-01-26+5,906→ 205,346 total - Award
Common Stock
2025-01-26+41,341→ 244,023 total - Exercise/Conversion
Common Stock
2025-02-13+31,756→ 257,156 total - Disposition to Issuer
Common Stock
2024-02-16$12.73/sh−16,038$204,164→ 211,440 total - Disposition to Issuer
Common Stock
2025-02-25$10.97/sh−113,916$1,249,659→ 199,440 total - Tax Payment
Common Stock
2025-01-26$9.70/sh−2,664$25,841→ 202,682 total - Tax Payment
Common Stock
2025-01-26$8.79/sh−18,623$163,696→ 225,400 total - Tax Payment
Common Stock
2025-02-13$8.79/sh−14,298$125,679→ 242,858 total - Disposition to Issuer
Common Stock
2025-02-16$9.10/sh−16,038$145,946→ 242,858 total - Exercise/Conversion
Common Stock
2025-03-11+1,069→ 243,927 total - Exercise/Conversion
Common Stock
2025-03-11+22,776→ 266,220 total - Award
Common Stock
2025-03-11+26,102→ 282,050 total - Tax Payment
Common Stock
2025-03-11$6.87/sh−24,235$166,494→ 299,847 total - Exercise/Conversion
Restricted Stock Units
2025-02-16−16,038→ 16,038 total→ Common Stock (16,038 underlying) - Award
Restricted Stock Units
2024-04-26+95,269→ 95,589 total→ Common Stock (95,269 underlying) - Award
Restricted Stock Units
2025-02-25+113,916→ 113,916 total→ Common Stock (113,916 underlying) - Exercise/Conversion
Common Stock
2025-02-16+16,038→ 258,896 total - Tax Payment
Common Stock
2025-03-11$6.87/sh−483$3,318→ 243,444 total - Award
Common Stock
2025-03-11+53,805→ 324,082 total - Exercise/Conversion
Restricted Stock Units
2024-02-16−16,038→ 32,076 total→ Common Stock (16,038 underlying) - Exercise/Conversion
Restricted Stock Units
2025-03-11−1,069→ 0 total→ Common Stock (1,069 underlying) - Exercise/Conversion
Restricted Stock Units
2025-02-13−31,756→ 63,513 total→ Common Stock (31,756 underlying) - Exercise/Conversion
Restricted Stock Units
2025-02-13−22,776→ 0 total→ Common Stock (22,776 underlying) - Exercise/Conversion
Restricted Stock Units
2025-02-25−113,916→ 0 total→ Common Stock (113,916 underlying) - Tax Payment
Common Stock
2025-03-11$6.87/sh−10,272$70,569→ 255,948 total - Tax Payment
Common Stock
2025-03-11$6.87/sh−11,773$80,881→ 270,277 total - Award
Restricted Stock Units
2023-02-16+48,116→ 48,116 total→ Common Stock (48,116 underlying)
Footnotes (15)
- [F1]On February 16, 2023, the reporting person was granted 48,114 restricted stock units ("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. 16,038 RSUs vested on each of February 16, 2024 and 2025. The transaction reflects the cash settlement of 16,038 vested RSUs on each of February 16, 2024 and 2025.
- [F10]On April 26, 2024, the reporting person was granted 95,269 RSUs subject to time vesting. Such RSUs vest in three equal annual installments beginning on February 16, 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. 31,756 RSUs vested on February 16, 2025.
- [F11]On February 16, 2023, the reporting person was granted a target number of 72,171 RSUs subject to performance and time-based vesting. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. On March 11, 2025, upon the resignation by the reporting person as the issuer's President and Chief Executive Officer, and director, the issuer accelerated the vesting of a prorated portion of the reporting person's grant, resulting in the reporting person receiving 22,776 shares of the issuer's common stock.
- [F12]On April 26, 2024, the reporting person was granted a target number of 142,904 RSUs subject to performance and time-based vesting. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. On March 11, 2025, upon the resignation by the reporting person as the issuer's President and Chief Executive Officer, and director, the issuer accelerated the vesting of a prorated portion of the reporting person's grant, resulting in the reporting person receiving 53,805 shares of the issuer's common stock.
- [F13]The transaction reflects the re-reporting of the grant of 48,114 RSUs on February 16, 2023 and vesting of 16,038 RSUs on February 16, 2024, incorrectly included in Table I reported on the reporting person's Form 4 filed on March 7, 2023 and February 20, 2024, respectively.
- [F14]On March 11, 2025, upon the resignation by the reporting person as the issuer's President and Chief Executive Officer, and director, the issuer accelerated the vesting of certain unvested restricted stock units that are time-based, which represents a prorated portion of the reporting person's grants as of March 11, 2025. The cancellation of the remaining unvested restricted stock units is reflected as a reduction to the number of derivative securities reported in Column 9.
- [F15]The transaction reflects the re-reporting of the grant of 95,269 RSUs on April 26, 2024, incorrectly included in Table I reported on the reporting person's Form 4 filed on April 30, 2024.
- [F2]The reporting person's number of shares of common stock owned was previously overstated by 84,541 shares due to 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.
- [F3]On October 4, 2022, the reporting person was granted a target number of 75,944 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.
- [F4]The amount of securities beneficially owned from this transaction reflects the sale of 12,000 shares of common stock of the issuer previously disclosed on the reporting person's Form 4 filed on August 16, 2024.
- [F5]On October 4, 2022, the reporting person was granted a target number of 75,944 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 113,916 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.
- [F6]The transaction reflects the cash settlement of 113,916 vested RSUs.
- [F7]On January 26, 2022, the reporting person was granted 95,269 RSUs subject to time vesting. Such RSUs vest in three 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. 5,906 RSUs vested on January 26, 2025.
- [F8]Shares withheld to satisfy tax withholding obligation arising upon the vesting of RSUs.
- [F9]On January 26, 2022, the reporting person was granted 41,341 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. 41,341 RSUs vested on January 26, 2025.
Issuer
Mativ Holdings, Inc.
CIK 0001000623
Entity typeother
Related Parties
1- filerCIK 0001509525
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 9:12 PM ET
- Size
- 63.4 KB