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

Director Kimberly E. Ritrievi reports acquisition of phantom stock units in Mativ Holdings, Inc. through a quarterly stock retainer and in-kind dividends.

Summary

• On April 1, 2024, Kimberly E. Ritrievi, a director of Mativ Holdings, Inc., acquired 1,266 phantom stock units as part of a quarterly stock retainer under the company's Outside Director Stock Plan.
• These units were deferred according to the Non-Employee Directors Deferred Compensation Plan.
• Additionally, Ritrievi acquired 46 phantom stock units representing in-kind dividends under the same deferred compensation plan.
• Following these transactions, Ritrievi directly owns 9,650 phantom stock units.
• The phantom stock units are convertible to common stock upon retirement from the Board or termination as a Director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and alignment of interests. There are no indications of negative performance or concerns.

Positives

• The acquisition of phantom stock units reflects continued director compensation and alignment with company performance.
• The deferred compensation plan allows for tax-efficient accumulation of company stock.

Future Outlook

The phantom stock units will be converted to stock upon the earlier of retirement from the Board or termination as a Director in accordance with the Company's Non-Employee Directors Deferred Compensation Plan.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock-based compensation to align their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates