Company: MATV
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001140361-25-009899
Chunk: 17

Company: Mativ Holdings, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 17
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 with the Company in September 2023 and did not participate in the Company’s 2023 long-term incentive program. |

The table below sets forth the target award value, as of the date of grant, of the long-term incentive award received by each of the Company’s NEOs under its 2024 long-term incentive program, expressed (i) as a percentage of 2024 base salary and (ii) in dollars.

| Name                |     | Target LTIP (% of 
 2024              
 Base Salary)      |     |       Target LTIP 
 Award Opportunity 
               ($) |     | 2024 PSUs (

# at 
         Target) |     |  2024 Service- 
 Based RSUs (#) |
| Julie Schertell     |     | 331%              |     |        $3,227,244 |     |         142,904 |     |         95,269 |
| Greg Weitzel        |     | 150%              |     |          $712,500 |     |          31,550 |     |         21,033 |
| Mark W. Johnson     |     | 140%              |     |          $700,000 |     |          30,996 |     |         20,664 |
| Michael W. Rickheim |     | 125%              |     |          $562,500 |     |          24,906 |     |         16,605 |
| Ryan Elwart         |     | 150%              |     |          $750,000 |     |          33,210 |     |         22,140 |

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TABLE OF CONTENTS

2023 and 2024 Performance-Based Restricted Stock Unit Awards In 2023 and 2024, the Company granted PSU awards that are subject to a three-year performance period, with vesting based 50% on each of the Company’s Free Cash Flow as a Percent of Net Sales and Return on Invested Capital (“ROIC”) performance, subject to a TSR modifier based on performance relative to the S&P 600 Materials Index, which may be applied by the Committee at its discretion. These goals were selected because they were viewed as core indicators of the Company’s success in executing its long-term operating plan and delivering value to its stockholders. The Free Cash Flow as a Percent of Net Sales and ROIC targets are established annually, and payout percentages will be calculated based on the straight average of the payout percentages