Form 4: Mativ Holdings Director John Rogers Reports Acquisition and Disposal of Phantom Stock Units
SEC Form 4 Filing
Director John Rogers reports transactions involving phantom stock units of Mativ Holdings, including acquisitions related to stock retainers and in-kind dividends, as well as disposals.
Summary
- On January 3, 2025, Director John Rogers engaged in transactions involving Mativ Holdings phantom stock units.
- Rogers acquired 2,866 phantom stock units at $10.90 each as part of a quarterly stock retainer under the Outside Director Stock Plan.
- He also acquired 98 phantom stock units at $13.15 each, representing in-kind dividends credited under the Non-Employee Directors Deferred Compensation Plan.
- Rogers disposed of 15,865 phantom stock units.
- Following these transactions, Rogers beneficially owns 15,963 phantom stock units.
- These stock units convert to stock upon the earlier of retirement from the Board or termination as a Director, according to the Non-Employee Directors Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The phantom stock units will be converted to common stock upon the earlier of retirement from the Board or termination as a Director.
Industry Context
This filing is a routine disclosure of stock transactions by a company director, which is common practice and required by the SEC to ensure transparency and prevent insider trading. It provides insight into the compensation structure for board members.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into director compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 01/03/2025 | Date of transactions involving phantom stock units (acquisition and disposal). |
| 01/07/2025 | Date of signature for the Form 4 filing. |
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