Julie Schertell - 16 Feb 2023 Form 4 Insider Report for Mativ Holdings, Inc. (MATV)

Signature
/s/ Mark W. Johnson, attorney-in-fact for Julie Schertell, principal
Issuer symbol
MATV
Transactions as of
16 Feb 2023
Net transactions value
-$2,236,246
Form type
4
Filing time
14 Mar 2025, 21:12:08 UTC
Previous filing
20 Jan 2023
Next filing
10 Oct 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MATV Common Stock Options Exercise $0 +16,038 +7.6% $0.000000 227,478 16 Feb 2024 Direct F1, F2
transaction MATV Common Stock Disposed to Issuer $204,164 -16,038 -7.1% $12.73 211,440 16 Feb 2024 Direct F1, F2
transaction MATV Common Stock Options Exercise $0 +113,916 +57% $0.000000 313,356 25 Feb 2025 Direct F2, F3, F4
transaction MATV Common Stock Disposed to Issuer $1,249,659 -113,916 -36% $10.97 199,440 25 Feb 2025 Direct F2, F4, F5, F6
transaction MATV Common Stock Award $0 +5,906 +3% $0.000000 205,346 26 Jan 2025 Direct F2, F7
transaction MATV Common Stock Tax liability $25,841 -2,664 -1.3% $9.70 202,682 26 Jan 2025 Direct F2, F7, F8
transaction MATV Common Stock Award $0 +41,341 +20% $0.000000 244,023 26 Jan 2025 Direct F2, F4, F9
transaction MATV Common Stock Tax liability $163,696 -18,623 -7.6% $8.79 225,400 26 Jan 2025 Direct F2, F4, F8, F9
transaction MATV Common Stock Options Exercise $0 +31,756 +14% $0.000000 257,156 13 Feb 2025 Direct F2, F4, F10
transaction MATV Common Stock Tax liability $125,679 -14,298 -5.6% $8.79 242,858 13 Feb 2025 Direct F2, F4, F8, F10
transaction MATV Common Stock Options Exercise $0 +16,038 +6.6% $0.000000 258,896 16 Feb 2025 Direct F2, F4, F5
transaction MATV Common Stock Disposed to Issuer $145,946 -16,038 -6.2% $9.10 242,858 16 Feb 2025 Direct F2, F4, F5, F6
transaction MATV Common Stock Options Exercise $0 +1,069 +0.44% $0.000000 243,927 11 Mar 2025 Direct F1
transaction MATV Common Stock Tax liability $3,318 -483 -0.2% $6.87 243,444 11 Mar 2025 Direct F1, F8
transaction MATV Common Stock Options Exercise $0 +22,776 +9.4% $0.000000 266,220 11 Mar 2025 Direct F10
transaction MATV Common Stock Tax liability $70,569 -10,272 -3.9% $6.87 255,948 11 Mar 2025 Direct F8, F10
transaction MATV Common Stock Award $0 +26,102 +10% $0.000000 282,050 11 Mar 2025 Direct F11
transaction MATV Common Stock Tax liability $80,881 -11,773 -4.2% $6.87 270,277 11 Mar 2025 Direct F8, F11
transaction MATV Common Stock Award $0 +53,805 +20% $0.000000 324,082 11 Mar 2025 Direct F12
transaction MATV Common Stock Tax liability $166,494 -24,235 -7.5% $6.87 299,847 11 Mar 2025 Direct F8, F11

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 Restricted Stock Units Award +48,116 48,116 16 Feb 2023 Common Stock 48,116 Direct F1, F13
transaction MATV Restricted Stock Units Options Exercise -16,038 -33% 32,076 16 Feb 2024 Common Stock 16,038 Direct F1, F13
transaction MATV Restricted Stock Units Options Exercise -16,038 -50% 16,038 16 Feb 2025 Common Stock 16,038 Direct F1
transaction MATV Restricted Stock Units Options Exercise -1,069 -100% 0 11 Mar 2025 Common Stock 1,069 Direct F1, F14
transaction MATV Restricted Stock Units Award +95,269 +29772% 95,589 26 Apr 2024 Common Stock 95,269 Direct F10, F15
transaction MATV Restricted Stock Units Options Exercise -31,756 -33% 63,513 13 Feb 2025 Common Stock 31,756 Direct F10
transaction MATV Restricted Stock Units Options Exercise -22,776 -100% 0 13 Feb 2025 Common Stock 22,776 Direct F10, F14
transaction MATV Restricted Stock Units Award +113,916 113,916 25 Feb 2025 Common Stock 113,916 Direct F5
transaction MATV Restricted Stock Units Options Exercise -113,916 -100% 0 25 Feb 2025 Common Stock 113,916 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Julie Schertell is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On February 16, 2023, the reporting person was granted 48,114 restricted stock units ("RSUs") subject to time vesting. Such RSUs vest in three equal annual installments beginning on February 16, 2024 and each anniversary thereafter. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. 16,038 RSUs vested on each of February 16, 2024 and 2025. The transaction reflects the cash settlement of 16,038 vested RSUs on each of February 16, 2024 and 2025.
F2 The reporting person's number of shares of common stock owned was previously overstated by 84,541 shares due to a number of RSUs that should have been reported in Table II instead of Table I on the reporting person's Form 4 documents filed on March 7, 2023 and April 30, 2024.
F3 On October 4, 2022, the reporting person was granted a target number of 75,944 RSUs subject to performance and time-based vesting. On February 25, 2025, the Compensation Committee of the issuer determined that based on the issuer's performance between July 2022 and December 2024, 150% of the target number of RSUs vested on performance-based vesting requirements. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting.
F4 The amount of securities beneficially owned from this transaction reflects the sale of 12,000 shares of common stock of the issuer previously disclosed on the reporting person's Form 4 filed on August 16, 2024.
F5 On October 4, 2022, the reporting person was granted a target number of 75,944 RSUs subject to performance and time-based vesting. [On December 31, 2024, the [Compensation Committee] of the issuer determined that based on the issuer's fiscal year 2023 and 2024 performance, 150% of the target number of RSUs vested on performance-based vesting requirements. The 113,916 RSUs had a vesting date of January 6, 2025, subject to continued service]. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting.
F6 The transaction reflects the cash settlement of 113,916 vested RSUs.
F7 On January 26, 2022, the reporting person was granted 95,269 RSUs subject to time vesting. Such RSUs vest in three equal annual installments beginning on January 26, 2023 and each anniversary thereafter. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. 5,906 RSUs vested on January 26, 2025.
F8 Shares withheld to satisfy tax withholding obligation arising upon the vesting of RSUs.
F9 On January 26, 2022, the reporting person was granted 41,341 RSUs subject to time vesting. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. 41,341 RSUs vested on January 26, 2025.
F10 On April 26, 2024, the reporting person was granted 95,269 RSUs subject to time vesting. Such RSUs vest in three equal annual installments beginning on February 16, 2025 and each anniversary thereafter. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. 31,756 RSUs vested on February 16, 2025.
F11 On February 16, 2023, the reporting person was granted a target number of 72,171 RSUs subject to performance and time-based vesting. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. On March 11, 2025, upon the resignation by the reporting person as the issuer's President and Chief Executive Officer, and director, the issuer accelerated the vesting of a prorated portion of the reporting person's grant, resulting in the reporting person receiving 22,776 shares of the issuer's common stock.
F12 On April 26, 2024, the reporting person was granted a target number of 142,904 RSUs subject to performance and time-based vesting. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. On March 11, 2025, upon the resignation by the reporting person as the issuer's President and Chief Executive Officer, and director, the issuer accelerated the vesting of a prorated portion of the reporting person's grant, resulting in the reporting person receiving 53,805 shares of the issuer's common stock.
F13 The transaction reflects the re-reporting of the grant of 48,114 RSUs on February 16, 2023 and vesting of 16,038 RSUs on February 16, 2024, incorrectly included in Table I reported on the reporting person's Form 4 filed on March 7, 2023 and February 20, 2024, respectively.
F14 On March 11, 2025, upon the resignation by the reporting person as the issuer's President and Chief Executive Officer, and director, the issuer accelerated the vesting of certain unvested restricted stock units that are time-based, which represents a prorated portion of the reporting person's grants as of March 11, 2025. The cancellation of the remaining unvested restricted stock units is reflected as a reduction to the number of derivative securities reported in Column 9.
F15 The transaction reflects the re-reporting of the grant of 95,269 RSUs on April 26, 2024, incorrectly included in Table I reported on the reporting person's Form 4 filed on April 30, 2024.