Company: MATV
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001000623-25-000009
Chunk: 158

Company: Mativ Holdings, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 158
---
Us; as such, only the three-year service condition remains. Upon the closing of the Merger, the Company assumed 292,032 unvested PSUs, converted at the Exchange Ratio, with a total fair value of $6.8 million, which were converted to RSUs of the Company. Converted RSUs will be accounted for the same as the RSUs described above and be recognized over a weighted-average period of approximately two years. 

98

MATIV HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Restricted Stock Awards In July 2023, the Company implemented a one-time conversion of all outstanding RSAs to RSUs. There were no RSAs granted in 2024.The following table presents RSA activity for the years ended December 31, 2023 and 2022: 20232022# of SharesWeighted Average Fair Value at Date of Grant# of SharesWeighted Average Fair Value at Date of GrantOutstanding at January 1526,961 $31.89 377,729 $36.78 Granted— — 678,343 31.17 Forfeited(97,629)33.46 (49,617)30.57 Vested(292,519)32.98 (479,494)34.81 Converted to RSUs(136,813)28.43 — — Outstanding at December 31— $— 526,961 $31.89 Restricted Stock UnitsThe following table presents activity of RSUs for the years ended December 31, 2024,  2023 and 2022: 202420232022# of SharesWeighted Average Fair Value at Date of Grant# of SharesWeighted Average Fair Value at Date of Grant# of SharesWeighted Average Fair Value at Date of GrantOutstanding at January 1562,070 $24.68 343,142 $23.41 — $— Granted513,962 17.87 277,479 25.33 — — Acquired and converted — — — — 472,181 23.41 Converted from RSAs— — 136,813 28.43 — — Forfeited(81,099)22.41 (69,627)26.08 (5,172)23.41