Company: MATV
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001140361-25-009899
Chunk: 78

Company: Mativ Holdings, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 78
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     |                      |
| Outside Directors Stock Plan(1)                                         |     |             0 |     | N/A         |     |               51,008 |
| Schweitzer-Mauduit International, Inc. 2015 Long-Term Incentive Plan(2) |     |             0 |     | N/A         |     |                    0 |
| Mativ Holdings, Inc. 2024 Equity and Incentive Plan(3)                  |     |     1,006,276 |     | N/A         |     |            1,823,531 |
| Total approved by stockholders                                          |     |     1,006,276 |     | N/A         |     |            1,874,539 |
| Equity compensation plans not approved by stockholders                  |     |             — |     | —           |     |                    — |
| Grand total                                                             |     |     1,006,276 |     | N/A         |     |            1,874,539 |

| (1) | The Outside Directors Stock Plan consists of shares registered for the purpose of issuance to our outside directors for payment of their retainer fees quarterly in advance. Director’s stock retainer fees for the first three quarter in 2024 consisted of $23,750 quarterly, and $31,250 for the fourth quarter, which are payable in our Common Stock. The number of shares issued each quarter is determined based on the then fair market value of the shares, which is determined in accordance with the plan at the closing price on the date one day prior to the date of distribution. Certain directors have elected to defer receipt of quarterly retainer fees under the terms of our Deferred Compensation Plan No. 2 for Non-Employee Directors, resulting in an accumulation of stock unit credits. Upon a change in control, retirement or earlier termination from the Board, these stock unit credits will be distributed in the form of cash or shares of MATV Common Stock. As of the Merger on July 6, 2022, all of the outstanding deferred stock units were converted to common stock in accordance with the plan. While held in the deferred compensation plan account, these stock unit credits carry no voting rights and cannot be traded as Common Stock, although declared dividends create additional stock unit credits. As of December 31, 2024, deferred retainer fees and credited dividends have resulted in 95,184 accumulated stock unit credits. |

| (2) | The Schweitzer-Maud