Keenan Jeffrey - Jul 27, 2022 Form 4 Insider Report for Mativ Holdings, Inc. (MATV)

Role
Director
Signature
Honor Winks as Attorney-in-fact for Jeffrey Keenan
Stock symbol
MATV
Transactions as of
Jul 27, 2022
Transactions value $
$0
Form type
4
Date filed
8/10/2022, 04:39 PM
Previous filing
Jul 1, 2022
Next filing
Oct 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MATV Common Stock Options Exercise +39.2K +30.13% 169K Jul 27, 2022 Direct F1, F2

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 Options Exercise -39.2K -100% 0 Jul 27, 2022 Common Stock 39.2K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Conversion of phantom stock units in the Directors Deferred Compensation Plan 2 (the "Plan") into shares of common stock in connection with the liquidation of the Plan due to the merger (the "Merger") of Schweitzer-Mauduit International, Inc. and Neenah, Inc. on July 6, 2022.
F2 Each phantom stock unit is the economic equivalent of one share of common stock.
F3 Phantom stock Units are converted to stock upon the earlier of retirement from the Board or termination as a director in accordance with the Plan, or upon liquidation of the Plan. The Plan was liquidated due to the Merger.