Form 4: Mativ Holdings Director John Rogers Reports Acquisition and Disposal of Phantom Stock Units
SEC Form 4
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 October 1, 2024, Director John Rogers acquired 1,839 phantom stock units of Mativ Holdings at $0.00, representing a quarterly stock retainer.
- These units are deferred under the Non-Employee Directors Deferred Compensation Plan and will convert to stock upon retirement or termination as a director.
- Rogers also acquired 59 phantom stock units on the same date at $0.00, representing in-kind dividends credited under the same plan.
- Rogers disposed of 12,940 phantom stock units at $16.99 and 12,999 phantom stock units at $18.56.
- Following these transactions, Rogers beneficially owns 12,940 and 12,999 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating neutral sentiment as it reports transactions without expressing any positive or negative outlook.
Industry Context
This filing is a routine disclosure of stock transactions by a company director, which is common in publicly traded companies. It provides transparency to investors regarding the insider's holdings and transactions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly altering the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of phantom stock units acquisition and disposal |
| 10/03/2024 | Date of signature for the Form 4 filing |
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