Deborah Borg - 30 Sep 2021 Form 4 Insider Report for SCHWEITZER MAUDUIT INTERNATIONAL INC (MATV)

Role
Director
Signature
Honor Winks as attorney-in-fact for Deborah Borg
Issuer symbol
MATV
Transactions as of
30 Sep 2021
Net transactions value
+$26,792
Form type
4
Filing time
01 Oct 2021, 17:17:53 UTC
Previous filing
07 Sep 2021
Next filing
22 Oct 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MATV Phantom Stock Units Award $3,050 +88 +1.3% $34.66 7,053 30 Sep 2021 SWM Common Stock 56 $0.000000 Direct F1, F3
transaction MATV Phantom Stock Units Award $23,742 +685 +9.7% $34.66 7,738 30 Sep 2021 SWM Common Stock 685 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Dividends credited pursuant to the Director's election in accordance with the Schweitzer-Mauduit International, Inc. Deferred Compensation Plan No. 2 for Non-Employee Directors (the "Plan"). The Plan was filed as Exhibit 10.15 to the 2004 10-K
F2 Director's quarterly stock retainer deferred pursuant to the Director's election in accordance with the Plan.
F3 Stock units can be converted to cash upon the earlier of retirement from the Board or termination as a Director in accordance with the Plan. Conversion into cash is based on the fair market value of SWM common stock on the date of conversion.