Form 4: Mativ Holdings Director Marco Levi Acquires 1,400 Shares
SEC Form 4
Director Marco Levi acquired 1,400 shares of Mativ Holdings, Inc. common stock on July 1, 2024, at a price of $16.96 per share.
Summary
- On July 1, 2024, Marco Levi, a director of Mativ Holdings, Inc., acquired 1,400 shares of common stock.
- The shares were acquired at a price of $16.96 per share.
- This acquisition was part of a quarterly stock retainer under the company's Outside Directors Stock Plan.
- Following the transaction, Levi directly owns 24,659 shares of Mativ Holdings, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The director's stock purchase is a mildly positive signal.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Future Outlook
There is no future outlook provided in the document.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when a company insider, such as a director, buys or sells shares of their company's stock. It provides transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Marco Levi acquired 1,400 shares of Mativ Holdings, Inc. common stock. |
| 07/02/2024 | Date of signature: Form 4 signed by Honor Winks, attorney-in-fact for Levi Marco. |
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