Company: MATV
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001140361-25-009899
Chunk: 65

Company: Mativ Holdings, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 65
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 320,732 performance awards at target in 2024, 2023, and 2022, respectively. Such granted amounts represent the full number of shares granted and have not been adjusted as outlined in Footnote 2 in the section titled “2024 Summary Compensation Table.” |

Our three-year average Burn Rate is 0.80%. Share Pool Duration We believe that approval of the Plan Amendment, including the number of shares requested, will give us flexibility to continue to make stock-based grants and other awards for one to two years in amounts determined appropriate by the Compensation Committee, based on our historical share grant practices. This time period is an estimate. The actual rate at which we use shares under the 2024 Plan may be more or less than our anticipated future usage and will depend upon various unknown factors, such as our future stock price, plan participation levels, hiring and promotion activity, award mix and vehicles, competitive market practices, acquisitions and divestitures, and rates of forfeiture. Certain Features of the 2024 Plan The following features of the 2024 Plan are designed to reinforce alignment between the equity compensation arrangements awarded pursuant to the 2024 Plan and our stockholders’ interests:

| • | Awards are subject to a one-year minimum vesting period, subject to limited exceptions set forth in the 2024 Plan as described below and the Plan Committee’s (as defined below) ability to provide for accelerated exercisability or vesting of any award, including in cases of retirement, death or disability, in the terms of the award agreement or otherwise; |

| • | No discounting of stock options or stock appreciation rights; |

| • | No repricing or replacement of underwater stock options or stock appreciation rights without stockholder approval; |

| • | No dividend equivalents on stock options or stock appreciation rights; |

| • | No dividends or dividend equivalents paid on unearned awards; |

| • | No recycling of shares used to pay the exercise price or taxes with respect to awards; |

| • | Annual non-employee director compensation limit, which cannot be amended without stockholder approval; and |

| • | No liberal definition of “change in control.” |

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Purposes of the 2024 Plan Equity-based compensation is a significant component of our compensation program and the 2024 Plan is intended to serve the following purposes:

| • | Align the interests of the Company’s stockholders and recipients of awards under the 2024 Plan by increasing the proprietary interest of such recipients