Company: MATV
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001140361-25-009899
Chunk: 30

Company: Mativ Holdings, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 30
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 established in 2024. |

| (6) | The amounts in columns (g), (h) and (i) in this row consist of the threshold, target and maximum PSUs that can be earned during the 2024-2026 performance period based on the Company’s Free Cash Flow as a Percent of Net Sales and ROIC, subject to a +/- 20% modifier based on the Company’s relative TSR performance. As noted above, the Compensation Committee established the performance goals for the first year of the three-year performance period with the annual goals for the subsequent years in the three-year performance period to be set at the beginning of each applicable year during the performance period. In accordance with FASB ASC Topic 718, reported in this table is one-third of the full number of shares subject to the 2024 PSUs for which performance goals were established in 2024. |

| (7) | These amounts in column (c) in this row represent shares of service-based RSUs which vest pro rata over two years on each anniversary of the date of grant. |

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TABLE OF CONTENTS

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 2024 The following table provides information regarding unexercised stock options and unvested stock awards held by each of the NEOs as of December 31, 2024. As permitted under the Schweitzer-Mauduit International, Inc. 2015 Long-Term Incentive Plan (the “2015 Plan”), the full value awards granted under the 2015 Plan were amended in 2024 to provide for cash-settlement in order to preserve the Company’s available shares under the 2015 Plan.

| Name             |             |     | Option Awards |               |     |   |             |     |   |          |     |       |            |     |           |            |     | Stock Awards |          |     |         |           |     |   |           |     |   |
|                  |   Number of 
  Securities 
  Underlying 
 Unexercised 
     Options 
         (#) 
 Exercisable |     |               | Number of     
 Securities    
 Underlying    
 Unexercised   
 Options       
 (#)           
 Unexercisable |     |   | Equity      
 Incentive   
 Plan        
 Awards:     
 Number of   
 Securities  
 Underlying  
 Unexercised 
 Unearned    
 Options     
 (#)         |     |   |   Option 
 Exercise