Borg Deborah - 31 Mar 2022 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
31 Mar 2022
Net transactions value
+$27,528
Form type
4
Filing time
01 Apr 2022, 16:18:04 UTC
Previous filing
17 Mar 2022
Next filing
03 Jun 2022
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 $3,795 +138 +1.6% $27.50 8,783 31 Mar 2022 SWM Common Stock 138 $0.000000 Direct F1, F3
transaction MATV Phantom Stock Units Award $23,732 +863 +9.8% $27.50 9,646 01 Apr 2022 SWM Common Stock 863 $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.