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, increasing her holdings in Mativ Holdings, Inc.

Summary

• On July 1, 2024, Kimberly E. Ritrievi, a director of Mativ Holdings, Inc., acquired 1,400 phantom stock units at $0.00, representing a quarterly stock retainer.
• These units are deferred under the company's Non-Employee Directors Deferred Compensation Plan and will convert to stock upon retirement or termination as a director.
• Additionally, Ritrievi acquired 51 phantom stock units at $0.00, representing in-kind dividends credited under the same deferred compensation plan.
• Following these transactions, Ritrievi directly owns 11,101 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing indicates standard director compensation practices and alignment of interests with shareholders. There are no red flags or negative implications.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment and alignment with the company's long-term performance.
• The use of a deferred compensation plan allows for tax-efficient accumulation of company stock.

Future Outlook

The phantom stock units will convert to stock upon the earlier of retirement from the Board or termination as a Director, according to the Company's Non-Employee Directors Deferred Compensation Plan.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the compensation and ownership structure of the company's directors.

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 a common tool for executives and directors to defer income and potentially reduce their tax burden.
• The specifics of the Mativ Holdings' Non-Employee Directors Deferred Compensation Plan would need to be compared to similar plans at peer companies to assess its competitiveness.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning director interests with company performance.
• The deferred compensation plan may have a positive impact on the director's personal financial planning.

Key Dates