Form 4: Mativ Holdings Director William M. Cook Reports Acquisition of Phantom Stock Units

Director William M. Cook reports acquisition of phantom stock units in Mativ Holdings, Inc. through director compensation and dividend accrual.

Summary

• William M. Cook, a director of Mativ Holdings, Inc., filed a Form 4 disclosing changes in beneficial ownership.
• The reported transactions involve the acquisition of phantom stock units related to director compensation and dividend accruals.
• On April 1, 2025, Cook acquired 5,008 phantom stock units at a price of $6.24, representing a quarterly stock retainer.
• Additionally, 2,103 phantom stock units were acquired, also at $6.24, representing quarterly meeting and committee retainers.
• Furthermore, 438 phantom stock units were acquired at $6.07, representing in-kind dividends.
• Following these transactions, Cook's total holdings include 34,163 phantom stock units.
• These stock units convert to common stock upon the earlier of retirement from the Board or termination as a Director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests.

Positives

• The acquisition of phantom stock units reflects ongoing director compensation and dividend accrual, aligning director interests with shareholder value.

Future Outlook

The phantom stock units will be converted to stock upon the earlier of retirement from the Board or termination as a Director.

Industry Context

This filing is a routine disclosure of insider transactions, common for publicly traded companies to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

• The acquisition of phantom stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

Form 4, Mativ Holdings, William M. Cook, phantom stock units, director compensation, beneficial ownership, insider trading