Company: MATV
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001140361-25-009899
Chunk: 15

Company: Mativ Holdings, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 15
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 defined payout thresholds, the payout with respect to such performance criteria is determined using straight-line interpolation. |

| (2) | Achievement of the maximum performance level would result in a payout of 200% of target for the EBITDA Delivered and Revenue metrics and 125% of target for the Safety Scorecard metric. |

| (3) | EBITDA Delivered is determined on a consolidated basis for continuing operations and consists of the sum of (a) Net Income, (b) interest expense, (c) depreciation and amortization expense, and (d) taxes. For these purposes, “Net Income” does not include (a) extraordinary gains or losses, (b) nonrecurring gains or losses, (c) gains or losses from asset sales, or (d) facility/asset closure or restructuring costs. |

| (4) | Revenue represents total revenues as reported in the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2024. |

| (5) | Safety Scorecard is intended to focus the NEOs on the leading indicators of proactive risk reduction and is measured based on achievement with respect to certain goals relating to ergonomic risk assessments, job safety analysis, leader learning engagement and pre-task risk assessments. |

The following table summarizes the target STIP opportunities for each NEO (expressed as a percentage of 2024 base salary and in dollars) for 2024 and the STIP payouts received by each NEO for 2024:

| Name                |     | 2024 Target  
 Bonus (% of  
 Base Salary) |     |     2024 Target 
     Bonus Award 
 Opportunity ($) |     | Final 2024 
      Bonus 
        ($) |     | Final 2024   
 Bonus as a % 
 of Target    |
| Julie Schertell     |     | 115%         |     |      $1,121,250 |     |   $661,538 |     | 59.0%        |
| Greg Weitzel        |     | 70%          |     |        $332,500 |     |   $196,175 |     | 59.0%        |
| Mark W. Johnson     |     | 70%          |     |        $350,000 |     |   $206,500 |     | 59.0%        |
| Michael W. Rickheim |     | 65%          |     |        $292,