Weitzel Gregory Thomas 4

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.