Form 4: Mativ Holdings Director Warlick Anderson Davis Reports Acquisition of Phantom Stock Units

Director Warlick Anderson Davis reports acquisition of phantom stock units in Mativ Holdings, Inc. through director compensation plans.

Summary

• On October 1, 2024, Warlick Anderson Davis, a director of Mativ Holdings, Inc., acquired phantom stock units.
• These acquisitions were made through the company's Outside Director Stock Plan and Non-Employee Directors Deferred Compensation Plan.
• The transactions included quarterly stock retainers, meeting retainers, committee retainers, and in-kind dividends.
• The phantom stock units are convertible to common stock upon retirement from the board or termination as a director.
• The prices of the underlying common stock at the time of the transactions ranged from $16.99 to $18.56.

Sentiment

Score: 7

Explanation: The document reflects standard director compensation practices, indicating stable corporate governance. The sentiment is neutral to positive as it shows alignment of director interests with shareholders.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the company and its shareholders.
• The deferred compensation plan allows for tax-efficient accumulation of company stock.

Industry Context

Director compensation through stock and deferred compensation plans is a common practice in publicly traded companies to align the interests of directors with shareholders.

Comparison to Industry Standards

• Stock-based compensation for directors is a standard practice across various industries.
• Companies like International Paper and Domtar (prior to its acquisition) also utilize similar stock-based compensation plans for their directors.
• The specifics of these plans, such as vesting schedules and conversion terms, can vary based on company policy and industry norms.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by aligning director interests with company performance.

Key Dates