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4//SEC Filing

Weitzel Gregory Thomas 4

Accession 0001971783-26-000003

CIK 0001000623other
View on SEC.govCompany Profile

Filed

Jan 20, 7:00 PM ET

Accepted

Jan 21, 6:50 PM ET

Size

39.8 KB

Accession

0001971783-26-000003

Research Summary

AI-generated summary of this filing

Updated

Mativ (MATV) CFO Gregory Weitzel Sells Shares After Vesting

What Happened

  • Gregory Thomas Weitzel, former Chief Financial Officer of Mativ (MATV), had multiple equity awards vest and be settled on/around Jan 16, 2026 as part of his separation from the company. Vested RSUs and PSUs were either paid in cash or issued and then partially withheld/surrendered to the issuer to cover tax obligations. The filing shows roughly $448,700 in cash proceeds from these settlements (sum of disclosed dispositions), plus multiple share withholdings and some forfeitures of unvested awards.
  • Specific items disclosed include cash settlements of vested PSUs/RSUs (e.g., 9,003 PSUs → $112,808; 2,351 PSUs → $29,458; 2,159 RSUs → $27,052; 564 RSUs → $7,067), shares issued on vesting (e.g., 6,149; 6,496), and shares withheld/surrendered to satisfy tax withholding (examples: 2,648; 2,798; 9,027; 7,260 shares). The filing also shows 26,167 RSUs that remained unvested and were forfeited.

Key Details

  • Transaction date(s): Vesting/settlement dated Jan 16, 2026; cash payments noted as paid Jan 20, 2026; Form 4 filed Jan 21, 2026.
  • Prices shown: $12.53 per share used for cash calculations on dispositions/withholdings listed in the filing.
  • Approximate cash proceeds: ~$448,700 (aggregate of disclosed disposition amounts).
  • Tax withholding / share surrender: Multiple vested shares were withheld/surrendered to the issuer to cover taxes (examples: 2,648; 2,798; 9,027; 7,260 shares).
  • Forfeitures: 26,167 RSUs remained unvested and were forfeited (no cash or shares issued).
  • Footnotes of note: cash settlements of PSUs/RSUs on separation (F1–F14) describe which awards vested, which were cash-settled, which shares were withheld for taxes, and which awards were forfeited.
  • Shares owned after the transactions: not specified in the provided excerpt of the filing — see the full Form 4 for post-transaction beneficial ownership.
  • Filing timing: Form 4 was filed Jan 21 for Jan 16 transactions (5 days later). Form 4s are typically required within two business days of the transaction.

Context

  • These were not open-market purchases or sales for investment purposes but internal settlements tied to vesting and separation. Many awards were cash-settled or issued then withheld to cover taxes — effectively a cash settlement/cashless outcome rather than an intentional open-market sale.
  • Transaction codes: M = exercise/conversion of derivative (vesting/conversion), A = grant/award, D = disposition to issuer (including share surrender/forfeiture), F = shares withheld/paid to cover taxes.

Insider Transaction Report

Form 4Exit
Period: 2026-01-16
Mativ Holdings, Inc.MATV
Weitzel Gregory Thomas
CFO
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-01-16+2,159→ 46,145 total
  • Disposition to Issuer

    Common Stock

    [F1]
    2026-01-16$12.53/sh−2,159$27,052→ 43,986 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-01-16+564→ 44,550 total
  • Disposition to Issuer

    Common Stock

    [F2]
    2026-01-16$12.53/sh−564$7,067→ 43,986 total
  • Exercise/Conversion

    Common Stock

    [F3]
    2026-01-16+6,149→ 50,135 total
  • Tax Payment

    Common Stock

    [F3][F4]
    2026-01-16$12.53/sh−2,648$33,179→ 47,487 total
  • Tax Payment

    Common Stock

    [F5]
    2026-01-16$12.53/sh−2,798$35,059→ 44,689 total
  • Disposition to Issuer

    Common Stock

    [F5][F6]
    2026-01-16−26,167→ 18,522 total
  • Award

    Common Stock

    [F7]
    2026-01-16+2,351→ 20,873 total
  • Disposition to Issuer

    Common Stock

    [F7][F8]
    2026-01-16$12.53/sh−2,351$29,458→ 18,522 total
  • Award

    Common Stock

    [F9]
    2026-01-16+9,003→ 27,525 total
  • Disposition to Issuer

    Common Stock

    [F9][F10]
    2026-01-16$12.53/sh−9,003$112,808→ 18,522 total
  • Award

    Common Stock

    [F11]
    2026-01-16+27,514→ 46,036 total
  • Tax Payment

    Common Stock

    [F11][F12]
    2026-01-16$12.53/sh−9,027$113,108→ 37,009 total
  • Award

    Common Stock

    [F13]
    2026-01-16+24,118→ 61,127 total
  • Tax Payment

    Common Stock

    [F13][F14]
    2026-01-16$12.53/sh−7,260$90,968→ 53,867 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1]
    2026-01-16−2,254→ 0 total
    → Common Stock (2,254 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2]
    2026-01-16−589→ 0 total
    → Common Stock (589 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3]
    2026-01-16−14,022→ 0 total
    → Common Stock (14,022 underlying)
Footnotes (14)
  • [F1]On February 16, 2023, the reporting person was granted 6,762 restricted stock units subject to time vesting ("RSUs"). 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. The reporting person separated from Mativ Holdings, Inc. (the "Issuer") and ceased to serve as its Chief Financial Officer effective December 31, 2025 (the "Separation"). Pursuant to the terms of the Separation, 2,159 RSUs were vested on January 16, 2026 (the "Settlement Date") and paid in cash on January 20, 2026. 95 RSUs remained unvested and were forfeited by the reporting person, and no shares will be issued with respect to any portion of the unvested award.
  • [F10]The transaction reflects the cash settlement of 9,003 vested PSUs.
  • [F11]On April 26, 2024, the reporting person was granted a target number of 31,550 PSUs. Each PSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. Pursuant to the terms of the Separation, the reporting person was entitled to 27,514 PSUs were vested on the Settlement Date.
  • [F12]These shares represent the shares withheld to satisfy tax withholding obligations arising from the prorated vesting of PSUs granted on April 26, 2024.
  • [F13]On March 19, 2025, the reporting person was granted a target number of 53,191 PSUs. Each PSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. Pursuant to the terms of the Separation, 24,118 PSUs were vested on the Settlement Date.
  • [F14]These shares represent the shares withheld to satisfy tax withholding obligations arising from the prorated vesting of PSUs granted on March 19, 2025.
  • [F2]On February 16, 2023, the reporting person was granted 1,765 RSUs. 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. Pursuant to the terms of the Separation, 564 RSUs were vested on the Settlement Date and paid in cash on January 20, 2026. 25 RSUs remained unvested and were forfeited by the reporting person, and no shares will be issued with respect to any portion of the unvested award.
  • [F3]On April 26, 2024, the reporting person was granted 21,033 RSUs. 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 upon vesting. Pursuant to the terms of the Separation, 8,797 RSUs were vested in shares on the Settlement Date, 2,648 of such vested shares were withheld to satisfy tax withholding obligations, and the remaining 6,149 of such vested shares issued to the reporting person.
  • [F4]These shares represent the shares withheld to satisfy tax withholding obligations arising from the prorated vesting of RSUs granted on April 26, 2024.
  • [F5]On March 19, 2025, the reporting person was granted 35,461 RSUs (as disclosed in Table I on the reporting person's Form 4 filed with the Commission on March 21, 2025). Such RSUs vest in three equal annual installments beginning on March 19, 2026, and each anniversary thereafter. Each RSU represents a right to receive one share of the common stock of the issuer upon vesting. Pursuant to the terms of the Separation, 9,294 RSUs were vested in shares on the Settlement Date, 2,798 of such vested shares were withheld to satisfy tax withholding obligations, and the remaining 6,496 of such vested shares issued to the reporting person. 26,167 RSUs remained unvested and were forfeited by the reporting person, and no shares will be issued with respect to any portion of the unvested award.
  • [F6]These shares represent shares that remained unvested and were forfeited by the reporting person for RSUs granted on March 19, 2025.
  • [F7]On February 16, 2023, the reporting person was granted a target number of 2,648 restricted stock units subject to performance and time-based vesting ("PSUs"). Each PSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. Pursuant to the terms of the Separation, 2,351 PSUs were vested on the Settlement Date and paid in cash on January 20, 2026.
  • [F8]The transaction reflects the cash settlement of 2,351 vested PSUs.
  • [F9]On February 16, 2023, the reporting person was granted a target number of 10,142 PSUs. Each PSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. Pursuant to the terms of the Separation, 9,003 PSUs were vested on the Settlement Date and paid in cash on January 20, 2026.
Signature
Brian Park, attorney-in-fact for Gregory Weitzel, principal|2026-01-21

Documents

1 file

Issuer

Mativ Holdings, Inc.

CIK 0001000623

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Entity typeother

Related Parties

1
  • filerCIK 0001971783

Filing Metadata

Form type
4
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 6:50 PM ET
Size
39.8 KB
View on SEC.gov