Mativ (MATV) CLO Mark W. Johnson Cash‑Settles 6,444 RSUs

What Happened Mark W. Johnson, Chief Legal Officer and Corporate Secretary of Mativ Holdings, had 6,444 restricted stock units (RSUs) vest on September 1, 2026 and the company cash‑settled those vested RSUs. The cash settlement totaled $76,619 (6,444 × $11.89), with the shares effectively surrendered to the issuer for cash rather than sold on the open market. This is a routine vesting/cash‑settlement of an award rather than an independent market sale or purchase.

Key Details

• Transaction date: September 1, 2026; Filing date: September 3, 2026 (filed two days after the transaction).
• Consideration: Cash settlement at $11.89 per share; total received $76,619.
• Shares involved: 6,444 RSUs vested and were settled for cash.
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnotes:
  • F1 — Johnson was granted 19,330 RSUs on Sept 20, 2023, vesting in three equal annual installments beginning Sept 1, 2024; 6,444 RSUs vested on Sept 1, 2026.
  • F2 — The filing reflects the cash settlement of the 6,444 vested RSUs.
• Filing timeliness: Filed two days after the transaction date (appears timely under typical Form 4 rules).

Context

• This was a cash settlement of vested RSUs (award vesting), not an open‑market sale by the insider. In cash settlements, the company pays cash in lieu of issuing shares; such transactions generally reflect compensation vesting and routine tax/settlement mechanics rather than a directional trade signal.