JOHNSON MARK W 4
Research Summary
AI-generated summary
Mativ (MATV) CLO Mark W. Johnson Withholds 2,944 Shares for Taxes
What Happened
- Mark W. Johnson, Chief Legal Officer and Corporate Secretary of Mativ Holdings (MATV), had 2,944 shares withheld to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The withheld shares were valued at $8.53 each, totaling approximately $25,112. This disposition is reported under transaction code F (tax withholding) and is routine — not an open-market sale.
Key Details
- Transaction date: 2026-03-19; Filing date: 2026-03-23 (filed within standard Form 4 timing).
- Price per share: $8.53; Shares withheld/disposed: 2,944; Total value: ~$25,112.
- Footnote: Shares were withheld to satisfy tax obligations from RSUs originally granted on March 19, 2025.
- Shares owned after transaction: Not disclosed in the supplied filing details.
- Transaction code meaning: F = shares withheld for tax withholding on vested awards (not a voluntary sale).
Context
- Tax-withholding dispositions are common when RSUs vest and typically reflect withholding to cover taxes rather than a decision to sell shares on the market. Such transactions are generally considered routine and do not, by themselves, indicate insider sentiment about the company.