Form 4: Mativ Holdings Controller Cheryl Allegri Reports Stock Transactions
SEC Form 4
Cheryl Allegri, Controller at Mativ Holdings, reports multiple transactions involving common stock and restricted stock units (RSUs), including acquisitions, dispositions, and vesting events.
Summary
- Cheryl Allegri, Controller of Mativ Holdings, filed a Form 4 detailing changes in beneficial ownership.
- The report includes transactions related to common stock and restricted stock units (RSUs).
- Several transactions involve the vesting and cash settlement of RSUs granted in previous years.
- The reporting person corrected previous overstatements in the number of shares of common stock owned due to misreporting of RSUs in Table I instead of Table II on prior filings.
- The transactions occurred between February 16, 2024, and February 16, 2025.
- The price of common stock in the transactions ranged from $8.79 to $12.73.
- The reporting person's total holdings of common stock after the reported transactions is 8,751 shares.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing stock transactions by a company insider. The sentiment is neutral as it primarily reflects compliance with reporting requirements.
Negatives
- Previous filings contained errors in reporting RSUs, leading to overstatements of common stock ownership.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for corporate insiders in the US, ensuring transparency in stock transactions.
- Similar filings are expected from executives at comparable companies like Glatfelter Corporation and Neenah, Inc., providing insights into their stock ownership and trading activities.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/03/2022 | Date of Power of Attorney execution. |
| 08/10/2022 | Date of earliest transaction reported in the Form 4. |
| 02/16/2023 | Grant date of 1,926 RSUs subject to time vesting. |
| 04/26/2024 | Grant date of 3,677 RSUs subject to time vesting. |
| 02/16/2024 | Vesting and cash settlement of 642 RSUs. |
| 12/29/2024 | Vesting and cash settlement of 200 RSUs. |
| 02/13/2025 | Vesting of 1,226 RSUs and withholding of 435 shares for taxes. |
| 02/16/2025 | Vesting and cash settlement of 642 RSUs and 1,764 RSUs. |
| 03/14/2025 | Date of Form 4 filing. |
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