Form 4: Mativ Holdings Executive Andrew Downard Sells 1,200 Shares
SEC Form 4
Chief Supply Chain Officer Andrew Downard sold 1,200 shares of Mativ Holdings, Inc. at a price of $12.73 on February 16, 2024.
Summary
- On February 16, 2024, Andrew Downard, Chief Supply Chain Officer of Mativ Holdings, Inc., sold 1,200 shares of common stock.
- The sale price was $12.73 per share.
- Following the transaction, Downard directly owns 2,482 shares of Mativ Holdings, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock sale.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company's stock.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the relatively small number of shares sold is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 02/16/2024 | Date of transaction: Andrew Downard sold 1,200 shares of Mativ Holdings, Inc. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.