Company: MATV
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001140361-25-009899
Chunk: 64

Company: Mativ Holdings, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 64
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 | Reflects outstanding performance share units at maximum. |

Dilution Annual dilution from our equity compensation program is measured as the total number of shares subject to equity awards granted in a given year, less cancellations and other shares returned to the reserve that year, divided by total shares outstanding at the end of the year. Annual dilution from our equity compensation program for fiscal year 2024 was 2.8%. Overhang is another measure of the dilutive impact of our equity compensation program. Our overhang is equal to the number of shares subject to outstanding equity compensation awards plus the number of shares available to be granted, divided by the total number of outstanding shares. As of

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March 19, 2025, our overhang was 5.9%. As of March 19, 2025, the 2,300,000 shares being requested under the Plan Amendment would increase our aggregate overhang by 4.2% to approximately 10.1%. Overhang percentages are based on 54,517,608 shares of Common Stock outstanding as of March 10, 2025. Burn Rate Burn rate is a measure of the number of shares subject to equity awards that we grant annually, which helps indicate the life expectancy of our equity plans and is another measure of stockholder dilution. We determine our burn rate by dividing the aggregate number of shares subject to awards granted during the year by the weighted average number of shares outstanding during the year. The Company’s burn rate for the past three fiscal years has been as follows:

| Year |     |  Restricted 
 Stock Units 
     Granted |     | Performance-Based 
  Restricted Stock 
     Units Earned* |     |   Weighted Average 
          Number of 
 Shares Outstanding |     | Burn Rate |
| 2024 |     |     513,962 |     |                 0 |     |         54,517,608 |     | 0.94%     |
| 2023 |     |     277,479 |     |                 0 |     |         54,506,900 |     | 0.51%     |
| 2022 |     |     343,142 |     |            59,276 |     |         42,442,200 |     | 0.95%     |

| * | Performance awards are shown based on the number earned. The Company granted 556,535, 350,911, and