Company: MATV
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001140361-25-009899
Chunk: 22

Company: Mativ Holdings, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 22
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 ownership levels). Our NEOs must satisfy the Guidelines within five years after becoming subject to the Guidelines. Under the Guidelines, the Company’s Chief Executive Officer is required to hold stock equal to a multiple of five times her base salary and the other NEOs are each required to hold stock equal to a multiple of three times his base salary. As of the record date, each of our NEOs either meets the Guidelines or is within the five-year period to become in compliance with the Guidelines.

| What Counts Toward the Guidelines |     |                                                                                                                                                                 |     | What Does Not Count Toward the Guidelines |     |                                            |
| ✔                                 |     | Shares owned outright (including through vesting of equity awards)                                                                                              |     | ✘                                         |     | Performance shares and PSUs                |
| ✔                                 |     | Shares owned directly by a spouse, domestic partner, or minor child                                                                                             |     | ✘                                         |     | Service-based restricted stock and RSUs    |
| ✔                                 |     | Shares owned indirectly through beneficial trust ownership                                                                                                      |     | ✘                                         |     | Stock options (whether vested or unvested) |
| ✔                                 |     | Vested shares or stock units held in any Company equity plan, employee stock purchase plan, deferred compensation plan, retirement plan or similar Company plan |     |                                           |     |                                            |

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TABLE OF CONTENTS

Clawback Policies During fiscal year 2024, the Company adopted a Dodd-Frank Clawback Policy to comply with SEC and NYSE listing rules. Under that policy, the Company is required in certain situations to recoup incentive compensation paid or payable to certain current or former executive officers of the Company, including the NEOs, in the event of an accounting restatement. In addition, the Company continues to maintain the SWM International, Inc. Executive Compensation Adjustment and Recovery Policy, pursuant to which the Compensation Committee has the discretion to seek to recover any annual or long-term incentive compensation (including time-based equity awards) awarded or paid to a covered officer (including each NEO) during the previous three years if the result of a performance measure upon which the award was based or paid is subsequently restated or otherwise adjusted in a manner that would reduce the size of the award or payment. How We Make Compensation Decisions As illustrated in the table below, our Chief Executive Officer reviews annually the performance and pay level of each of our other executive officers, develops recommendations concerning the compensation of each of our other executive officers and presents those recommendations to the