Key facts
- This page summarizes Principal Michael W. Rickheim's Form 4 filing for Neenah Inc.
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 29 Jul 2022, 16:10.
Principal Michael W. Rickheim - 06 Jul 2022 Form 4 Insider Report for Neenah Inc
- Reporting relationship
- EVP, CHRO & CAO
- Issuer ticker
- N/A
- Reported as of
- 06 Jul 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 29 Jul 2022, 16:10:31 UTC
- Prior SEC filing
- 08 Apr 2022
- Next SEC filing
- 07 Mar 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michael W. Rickheim
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Principal Michael W. Rickheim filed Form 4 for Neenah Inc on 29 Jul 2022.
Change
- Previous filing in this sequence was filed on 08 Apr 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
NP
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -1,411
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 06 Jul 2022
- Ownership
- Direct
- Footnotes
- F1
NP
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -9,062
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 06 Jul 2022
- Ownership
- Direct
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NP
transaction
Derivative
Performance Share Units
Disposed to Issuer
- Transaction value
- Shares
- -12,403
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 06 Jul 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 12,403
- Exercise price
- Footnotes
- F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Principal Michael W. Rickheim is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
These shares of common stock were disposed of pursuant to the Agreement and Plan of Merger, dated as of March 28, 2022 (the "Merger Agreement") by and among Neenah, Inc. ("Neenah"), Samurai Warrior Merger Sub, Inc. and Mativ Holdings, Inc. (f/k/a Schweitzer-Mauduit International, Inc., "Mativ") in exchange for shares of Mativ common stock, at a rate of 1.358 shares of Mativ common stock for each share of Neenah common stock. The closing price of Mativ common stock on the New York Stock Exchange on July 6, 2022, the effective date of the merger (the "Effective Date"), was $22.41.
Footnote F2
These shares were subject to Neenah restricted stock units, which, pursuant to the Merger Agreement on the Effective Date, automatically converted into Mativ restricted stock units in respect of that number of shares of Mativ common stock (rounded down to the nearest whole share) equal to the product of the number of shares of Neenah common stock subject to the Neenah restricted stock unit award immediately prior to the Effective Time and 1.358. Each such Mativ restricted stock unit award is subject to the same terms and conditions as applied to the corresponding Neenah restricted stock unit award immediately prior to the Effective Time.
Footnote F3
Pursuant to the Merger Agreement, on the Effective Date, these Neenah performance share units automatically converted into Mativ restricted stock unit awards with respect to that number of shares of Mativ common stock (rounded down to the nearest whole share) equal to the product of the number of shares of Neenah common stock subject to such Neenah performance share units immediately prior to the Effective Time and 1.358 and are convertible into shares of Mativ common stock on a one-for-one basis on the applicable vesting dates.
Footnote F4
Each such Mativ restricted stock unit award is scheduled to cliff vest, subject to continued service, on the last day of the originally scheduled performance period, but subject to earlier payment and vesting in accordance with the applicable Neenah performance share award agreement. Otherwise, each such SWM restricted stock unit award is subject to the same terms and conditions as applied to the corresponding Neenah performance share award immediately prior to the Effective Time.
Footnote F5
The performance share units do not have an expiration date.