Form 4: Mativ Holdings Director Jeffrey Keenan Reports Stock Transactions

Director Jeffrey Keenan reports acquisition and disposal of phantom stock units related to director compensation and dividend accrual.

Summary

• Jeffrey Keenan, a director of Mativ Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The transactions involve phantom stock units acquired as part of quarterly stock retainers, meeting retainers, and in-kind dividends under the company's director compensation plans.
• These stock units are converted to common stock upon the director's retirement from the board or termination of service.
• On April 1, 2024, Keenan acquired 1,266 phantom stock units at $0.00 related to quarterly stock retainer.
• On April 1, 2024, Keenan acquired 1,266 phantom stock units at $0.00 related to quarterly meeting retainer and committee retainers.
• On April 1, 2024, Keenan acquired 92 phantom stock units at $0.00 representing in-kind dividends.
• Keenan also disposed of 1,266 phantom stock units at $18.75.
• Keenan also disposed of 1,266 phantom stock units at $18.75.
• Following these transactions, Keenan beneficially owns 19,305 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to director compensation, indicating a neutral sentiment.

Future Outlook

The phantom stock units will be converted to stock upon the earlier of retirement from the Board or termination as a Director in accordance with the Company's Non-Employee Directors Deferred Compensation Plan.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies.

Key Dates