Form 4: Mativ Holdings Director Kimberly E. Ritrievi Reports Acquisition of Phantom Stock Units

Director Kimberly E. Ritrievi reports acquisition of phantom stock units and in-kind dividends, deferred under the company's compensation plan.

Summary

• On October 1, 2024, Kimberly E. Ritrievi, a director of Mativ Holdings, Inc., acquired 1,839 phantom stock units at $16.99 and 59 phantom stock units at $18.56.
• These acquisitions are part of the quarterly stock retainer and in-kind dividends credited under the company's Outside Director Stock Plan and Non-Employee Directors Deferred Compensation Plan.
• Following the transaction, Ritrievi directly owns 12,999 phantom stock units.
• The stock units are converted to stock upon the earlier of retirement from the Board or termination as a Director.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of phantom stock units reflects ongoing participation in the company's compensation plan.
• The deferred compensation plan allows for the accumulation of stock units, which convert to stock upon retirement or termination as a director.

Future Outlook

The director will continue to accumulate stock units under the deferred compensation plan until retirement or termination.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the holdings of company directors. It is standard practice for directors to receive stock-based compensation and participate in deferred compensation plans.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units, or phantom stock units to align the interests of directors with those of shareholders.
• Deferred compensation plans are common among publicly traded companies to provide tax-advantaged savings opportunities for directors and executives.
• The specific terms of Mativ Holdings' compensation plan, such as the vesting schedule and conversion terms, would need to be compared to those of peer companies to assess its competitiveness.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding director compensation.

Key Dates