William Cook (NYSE: MATV) reports new phantom stock awards and share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mativ Holdings director William M. Cook reported updates to his equity-based compensation. He now directly holds 26,436 shares of Common Stock. On the same date, he was credited with several phantom stock awards at $0.00 per unit, including 19,815 units, which brought one phantom stock balance to 80,539 units. Other entries reflect additional phantom stock units tied to reinvested dividends and an annual stock retainer under the company’s non‑employee director plans. According to the footnotes, these stock units are deferred compensation that convert into common stock when he retires from the board or his service as a director ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
COOK WILLIAM M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,075 | $0.00 | -- |
| Grant/Award | Phantom Stock | 658 | $0.00 | -- |
| Grant/Award | Phantom Stock | 968 | $0.00 | -- |
| Grant/Award | Phantom Stock | 19,815 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 59,098 shares (Direct, null);
Common Stock — 26,436 shares (Direct, null)
Footnotes (1)
- Represents quarterly meeting and committee retainers deferred pursuant to the Director's election in accordance with the Non-Employee Directors Deferred Compensation Plan. Stock units are converted to stock upon the earlier of retirement from the Board or termination as a Director in accordance with the Company's Non-Employee Directors Deferred Compensation Plan. Represents net reinvested dividends on deferred shares after accounting adjustments related to non-employee director compensation program Represent reinvested dividend equivalents on vested RSUs. Represents an annual stock retainer pursuant to the Company's Outside Director Stock Plan. Deferred pursuant to the Director's election in accordance with the Company's Non-Employee Directors Deferred Compensation Plan.
Key Figures
Common stock held directly: 26,436 shares
Largest phantom stock grant: 19,815 units at $0.00
Phantom stock balance example: 80,539 units
+2 more
5 metrics
Common stock held directly
26,436 shares
Total common shares following reported transactions
Largest phantom stock grant
19,815 units at $0.00
Phantom stock grant on reported date
Phantom stock balance example
80,539 units
Total phantom stock units after 19,815-unit grant
Additional phantom stock grant
1,075 units at $0.00
Grant coded as award on reported date
Phantom stock balance example
59,098 units
Total phantom stock units after 1,075-unit grant
Key Terms
Phantom Stock, Non-Employee Directors Deferred Compensation Plan, Outside Director Stock Plan, reinvested dividends
4 terms
Phantom Stock financial
"Represents quarterly meeting and committee retainers deferred as phantom stock units."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Non-Employee Directors Deferred Compensation Plan financial
"Deferred pursuant to the Director's election under the Non-Employee Directors Deferred Compensation Plan."
Outside Director Stock Plan financial
"Represents an annual stock retainer pursuant to the Company's Outside Director Stock Plan."
reinvested dividends financial
"Represents net reinvested dividends on deferred shares after accounting adjustments."
Reinvested dividends are payouts a shareholder receives from a company that are automatically used to buy additional shares instead of being taken as cash. For investors this acts like planting dividends back into the portfolio so each future payout can come from a slightly larger holding, helping returns compound over time and showing the difference between income you spend today and total growth of your investment.
FAQ
What did William M. Cook report in this Form 4 for Mativ (MATV)?
William M. Cook reported updated holdings of Mativ common stock and several phantom stock awards. He now holds 26,436 common shares directly, plus multiple deferred phantom stock unit balances granted as non-cash director compensation under the company’s non-employee director plans.
What phantom stock awards did William M. Cook receive from Mativ (MATV)?
He received several phantom stock awards coded as grants, including 19,815 units at $0.00 per unit, which brought one phantom stock balance to 80,539 units. Additional smaller awards reflect reinvested dividends and compensation-related adjustments under Mativ’s director compensation programs.
How are Mativ (MATV) director fees reflected in this Form 4 filing?
Director fees are reflected as deferred phantom stock units and reinvested dividend equivalents. The filing notes quarterly meeting and committee retainers, and an annual stock retainer, were deferred into phantom stock under Mativ’s Non-Employee Directors Deferred Compensation Plan and Outside Director Stock Plan.