Elwart Ryan Michael 4

What Happened

• Elwart Ryan Michael, Group President of Mativ Holdings (MATV), had 11,070 restricted stock units (RSUs) convert into common shares on April 26, 2026. The RSUs converted with no exercise price reported ($0.00) and 3,318 shares were withheld to cover tax obligations (value of withheld shares reported as $32,384). After withholding, the reporting person retained a net 7,752 shares from this vesting event.

Key Details

• Transaction date: 2026-04-26; Form filed 2026-04-28 (timely within 2 business days).
• Primary transactions reported:
  • M (exercise/conversion of derivative): 11,070 shares acquired @ $0.00 (vesting/conversion of RSUs).
  • F (payment of tax liability via share withholding): 3,318 shares withheld/disposed @ $9.76 = $32,384.
• Net shares retained from this vesting: 7,752 (11,070 vested − 3,318 withheld).
• Footnotes:
  • F1: These 11,070 shares are the second and final installment of a 22,140 RSU grant awarded April 26, 2024 (vesting in two equal annual installments beginning April 26, 2025).
  • F2: Shares were withheld to satisfy tax withholding obligations upon RSU vesting.
• The filing does not state total shares owned by the insider after the transaction.

Context

• This was an RSU vesting event (conversion of deferred/derivative awards into common stock), not an open-market purchase or sale by the insider. The withholding of shares to cover taxes is a routine administrative step (cashless withholding) and not necessarily a signal of buying or selling intent.