Form 4: Director William M. Cook Increases Holdings in Mativ Holdings, Inc. Through Phantom Stock Units

William M. Cook, a director at Mativ Holdings, Inc., acquired additional phantom stock units, increasing his beneficial ownership in the company.

Summary

• On July 1, 2024, William M. Cook, a director of Mativ Holdings, Inc., acquired phantom stock units.
• These acquisitions were made under the company's Outside Director Stock Plan and Non-Employee Directors Deferred Compensation Plan.
• Cook acquired 1,400 phantom stock units at $16.96 per share, increasing his direct holdings to 17,475 units.
• He also acquired 1,399 phantom stock units at $16.96 per share, bringing his holdings to 18,874 units.
• Additionally, Cook acquired 85 phantom stock units at $18.72 per share due to in-kind dividends, increasing his holdings to 18,959 units.
• The phantom stock units convert to stock upon the earlier of retirement from the Board or termination as a Director.

Sentiment

Score: 6

Explanation: The document reflects routine insider transactions, suggesting a neutral sentiment. The director's increased stake could be seen as slightly positive, but it's part of a pre-defined compensation plan.

Positives

• Director's increased stake may signal confidence in the company's future prospects.
• The acquisitions are part of a pre-defined compensation plan, indicating a structured approach to director compensation.

Future Outlook

The document does not contain specific forward-looking statements, but the continued acquisition of stock units suggests ongoing participation in the company's compensation plans.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their alignment with shareholder interests.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive sign of confidence in the company.
• The transactions are part of the director's compensation, impacting their overall remuneration.

Key Dates