Form 4: Mativ Holdings Executive Ryan Michael Elwart Awarded Restricted Stock Units

Ryan Michael Elwart, Group President, SAS at Mativ Holdings, Inc., received two grants of restricted stock units on April 26, 2024.

Summary

• Ryan Michael Elwart, Group President, SAS at Mativ Holdings, Inc. was granted restricted stock units on April 26, 2024.
• The first grant consists of 22,140 restricted stock units that vest in two equal installments on April 26, 2025, and April 26, 2026.
• The second grant, also of 22,140 restricted stock units, was awarded pursuant to the company's 2024 Equity & Incentive Plan.
• These units vest in three equal installments on February 13, 2025, February 13, 2026, and February 13, 2027.
• Following these transactions, Elwart directly owns 44,280 shares of Mativ Holdings, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of restricted stock units is a common practice and suggests confidence in the executive's continued contribution to the company.

Positives

• The grants of restricted stock units align Elwart's interests with those of the shareholders, incentivizing him to contribute to the long-term success of the company.
• The vesting schedules encourage continued service and commitment from Elwart.

Future Outlook

The vesting schedules of the restricted stock units suggest an expectation of continued service from Elwart over the next several years.

Industry Context

Grants of restricted stock units are a common form of executive compensation used to align management's interests with those of shareholders and incentivize long-term performance.

Stakeholder Impact

• Shareholders may view the grants positively as they align management's interests with long-term value creation.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates