Mativ officer cash-settles 6,444 vested RSUs
Mativ’s CLO and Corporate Secretary had 6,444 RSUs vest and be settled entirely in cash, with no change in his common share holdings.
Rhea-AI Filing Summary
Mativ Holdings, Inc. (MATV) reported that officer Mark W. Johnson, CLO and Corporate Secretary, had 6,444 restricted stock units vest on September 1, 2026 from a September 20, 2023 grant. The units were settled in cash, resulting in no net change to his common stock ownership, and no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,444 shares exercised/converted
Exercise
3 txns
Insider
JOHNSON MARK W
Role
CLO and Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RSU F1 | 6,444 | -- | -- |
| Exercise | Common Stock F1 | 6,444 | -- | -- |
| Disposition | Common Stock F1, F2 | 6,444 | $11.89 | $77K |
Holdings After Transaction:
RSU — 0 contracts (Direct);
Common Stock — 125,113 shares (Direct)
Footnotes (2)
- F1. On September 20, 2023, the reporting person was granted 19,330 restricted stock units ("RSUs") subject to time vesting. Such RSUs vest in three equal annual installments beginning on September 1, 2024 and each anniversary thereafter. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. 6,444 RSUs vested on September 1, 2026.
- F2. This transaction reflects the cash settlement of 6,444 vested RSUs.
Key Figures
RSUs vested: 6,444 units
Original RSU grant: 19,330 units
Reported share value for disposition: $11.89 per share
+2 more
5 metrics
RSUs vested
6,444 units
Restricted stock units that vested for Mark W. Johnson on September 1, 2026
Original RSU grant
19,330 units
Restricted stock units granted to Mark W. Johnson on September 20, 2023
Reported share value for disposition
$11.89 per share
Common stock value used for the September 1, 2026 cash settlement of 6,444 vested RSUs
Annual vesting installments
3 installments
RSU grant vests in three equal annual installments beginning September 1, 2024
Vested RSUs in each installment
6,444 units
Each of the three equal annual installments from the 19,330-unit RSU grant
Key Terms
restricted stock units, time vesting, cash settlement, vest
4 terms
restricted stock units financial
"the reporting person was granted 19,330 restricted stock units ("RSUs") subject"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time vesting financial
"19,330 restricted stock units ("RSUs") subject to time vesting"
cash settlement financial
"This transaction reflects the cash settlement of 6,444 vested RSUs"
Cash settlement is a process where, instead of exchanging physical assets like stocks or commodities, the parties involved settle the difference in value with money after a contract ends. For investors, it simplifies transactions by avoiding the need to handle or deliver the actual asset, making it quicker and more convenient to complete trades. This method ensures a straightforward way to settle agreements based on their final value.
vest financial
"Such RSUs vest in three equal annual installments beginning on September 1, 2024"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did MATV report for CLO and Corporate Secretary Mark W. Johnson?
Mativ reported that 6,444 restricted stock units for Mark W. Johnson vested on September 1, 2026 and were settled in cash, so there was no net change in his common stock holdings.
How many RSUs vested for the MATV officer on September 1, 2026?
On September 1, 2026, 6,444 restricted stock units vested for Mativ’s CLO and Corporate Secretary, Mark W. Johnson, from a larger RSU award granted in 2023.
Was the MATV insider’s RSU vesting settled in stock or cash?
The filing states that the September 1, 2026 vesting of 6,444 RSUs for Mark W. Johnson was a cash settlement of vested RSUs, meaning the units were settled for cash rather than resulting in retained common shares.
What was the original RSU grant size disclosed for MATV’s Mark W. Johnson?
On September 20, 2023, Mark W. Johnson was granted 19,330 restricted stock units subject to time-based vesting in three equal annual installments starting September 1, 2024.
Did the MATV insider transaction use a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the RSU vesting and related cash settlement for 6,444 units were not reported as being under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
