Company: MATV
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001140361-25-009899
Chunk: 42

Company: Mativ Holdings, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 42
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employee director compensation is consistent with market practices. In September 2024, after considering input from Meridian, the Board approved the following non-employee director program:

| • | An annual Board retainer of $125,000 (increased from $95,000) in stock plus $85,000 (increased from $70,000) in cash. Retainers are paid quarterly, with the stock retainer valuation based on the closing price on the trading day immediately preceding the grant date and prorated for one partial quarter of service. Beginning with the grants to be made on July 1, 2025, the annual Board equity retainers will no longer be granted on a quarterly basis and will instead be granted on a single grant date each year. |

| • | Additional annual retainer for the Non-Executive Chair was $100,000 (increased from $75,000 per year), paid quarterly in cash. |

| • | Directors who serve on committees receive an additional annual retainer, paid quarterly in cash as follows: |

| • | Audit Committee: $30,000 for Chair; $15,000 for other members |

| • | Compensation Committee: $20,000 for Chair; $10,000 for other members |

| • | Nominating & Governance Committee: $15,000 for Chair; $10,000 for other members |

On February 17, 2025, the Compensation Committee recommended and the Board approved temporary reversion to the cash compensation for non-employee directors which was in effect prior to the September 2024 adjustment. The reversion in cash compensation will be effective for the second, third and fourth fiscal quarters of 2025 and results in the annual cash retainer for all non-employee directors reverting to $70,000 ($17,500 per quarter) and the annual cash retainer for the non-employee Chair of the Board reverting to $75,000 ($18,750 per quarter). A director who is an officer or an employee of the Company or any of its subsidiaries or affiliates does not receive any fees for service as a member of the Board but is reimbursed for expenses incurred as a result of such service. Each non-employee director earned the following compensation in 2024 in addition to reimbursement of his or her actual and reasonable travel expenses. 2024 DIRECTOR COMPENSATION

| Name(1)               |     | Fees Earned or 
   Paid in Cash |     | Stock Awards 
       ($)(2