Rickheim Michael W 4

Accession 0001562180-25-002429

CIK 0001000623other

View on SEC.gov Company Profile

Filed

Mar 13, 8:00 PM ET

Accepted

Mar 14, 9:21 PM ET

Size

55.2 KB

Accession

0001562180-25-002429

Insider Transaction Report

Form 4

Period: 2024-01-26

Mativ Holdings, Inc.MATV

Rickheim Michael W

CHRO

Transactions

Award
Common Stock
2024-01-26+1,005→ 41,679 total
Tax Payment
Common Stock
2024-01-26$13.38/sh−356$4,763→ 41,323 total
Award
Common Stock
2024-02-02+741→ 42,064 total
Tax Payment
Common Stock
2024-02-02$11.73/sh−263$3,085→ 41,801 total
Award
Common Stock
2024-02-02+5,179→ 46,980 total
Disposition to Issuer
Common Stock
2024-02-16$12.74/sh−2,274$28,971→ 45,146 total
Tax Payment
Common Stock
2025-01-26$9.70/sh−2,096$20,331→ 50,790 total
Exercise/Conversion
Restricted Stock Units
2025-02-13−5,535→ 11,070 total
→ Common Stock (5,535 underlying)
Exercise/Conversion
Common Stock
2025-02-16+2,274→ 56,957 total
Exercise/Conversion
Restricted Stock Units
2025-01-06−52,340→ 0 total
→ Common Stock (52,340 underlying)
Award
Restricted Stock Units
2025-02-16+6,822→ 6,822 total
→ Common Stock (6,822 underlying)
Exercise/Conversion
Restricted Stock Units
2024-02-16−2,274→ 4,548 total
→ Common Stock (2,274 underlying)
Exercise/Conversion
Restricted Stock Units
2025-02-16−2,274→ 2,274 total
→ Common Stock (2,274 underlying)
Tax Payment
Common Stock
2024-02-02$11.73/sh−1,834$21,513→ 45,146 total
Exercise/Conversion
Common Stock
2024-02-16+2,274→ 47,420 total
Exercise/Conversion
Common Stock
2025-01-06+52,340→ 97,486 total
Disposition to Issuer
Common Stock
2025-01-06$10.97/sh−52,340$574,170→ 45,146 total
Award
Common Stock
2025-01-26+1,006→ 46,152 total
Tax Payment
Common Stock
2025-01-26$9.70/sh−303$2,939→ 45,849 total
Award
Common Stock
2025-01-26+7,037→ 52,886 total
Exercise/Conversion
Common Stock
2025-02-13+5,535→ 56,325 total
Tax Payment
Common Stock
2025-02-13$8.79/sh−1,642$14,433→ 54,683 total
Tax Payment
Common Stock
2025-02-16$9.10/sh−2,274$20,693→ 54,683 total
Award
Restricted Stock Units
2024-12-31+52,340→ 52,340 total
→ Common Stock (52,340 underlying)
Award
Restricted Stock Units
2024-04-26+16,605→ 16,605 total
→ Common Stock (16,605 underlying)

Footnotes (16)

[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.

Documents

2 files

Issuer

Mativ Holdings, Inc.

CIK 0001000623

→

Entity typeother

Related Parties

filerCIK 0001808077

Filing Metadata

Form type: 4
Filed: Mar 13, 8:00 PM ET
Accepted: Mar 14, 9:21 PM ET
Size: 55.2 KB

View on SEC.gov