Company: MATV
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001140361-25-009899
Chunk: 16

Company: Mativ Holdings, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 16
---
500 |     |   $172,575 |     | 59.0%        |
| Ryan Elwart         |     | 65%          |     |     $299,250(1) |     |   $176,558 |     | 59.0%        |

| (1) | Mr. Elwart’s target bonus award opportunity was pro-rated based on his start date of January 30, 2024. |

20

TABLE OF CONTENTS

2024 Long-Term Incentive Compensation In April 2024, the Committee granted our NEOs long-term incentive award opportunities for the 2024-2026 performance period under the Company’s 2024 Equity and Incentive Plan (the “2024 Plan”), with the 2024 long-term incentive opportunity for each NEO allocated as follows: The Committee believed that this design supported the Company’s pay-for-performance philosophy by tying a majority of the long-term incentive award opportunity to the achievement of a pre-established performance goal that supported the Company’s operating and strategic plan. After consulting with Meridian and considering internal pay equity and a review of competitive market practices, the Committee established the following 2024-2026 performance period target long-term incentive award opportunities for our NEOs. The target long-term incentive opportunities for each of the continuing NEOs increased as compared to 2023 (or, in the case of Mr. Johnson, from the target opportunity set forth in his offer letter) in recognition of their performance since assuming each of their respective roles and based on the competitive market data. The target long-term incentive award opportunity for Mr. Elwart was determined after considering market data and the Company’s compensation practices with respect to its other executive officers.

| Name                |     | 2023 Target LTIP (% of 2023 
 Base Salary)                |     | 2024 Target LTIP (% of 2024 
 Base Salary)                |
| Julie Schertell     |     | 324%                        |     | 331%                        |
| Greg Weitzel        |     | 125%                        |     | 150%                        |
| Mark W. Johnson     |     | N/A(1)                      |     | 140%                        |
| Michael W. Rickheim |     | 100%                        |     | 125%                        |
| Ryan Elwart         |     | N/A                         |     | 150%                        |

| (1) | As previously disclosed, Mr. Johnson commenced employment