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 and dividend accrual.

Summary

• On April 1, 2024, Warlick Anderson Davis, a director of Mativ Holdings, Inc., acquired phantom stock units.
• These acquisitions are related to quarterly stock retainers, meeting retainers, committee retainers, and in-kind dividends under the company's director compensation plans.
• The phantom stock units are convertible to common stock upon the director's retirement from the board or termination as a director.
• The price of the underlying common stock at the time of the transactions was $18.75 for the retainers and $18 for the in-kind dividends.
• The director now beneficially owns 19,813 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects standard director compensation practices, indicating stable governance and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The acquisition of phantom stock units reflects the director's ongoing compensation and investment in the company.
• The director's participation in the Non-Employee Directors Deferred Compensation Plan aligns their interests with the long-term performance of the company.

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 for directors and officers of publicly traded companies. It provides transparency into their holdings and compensation structures.

Comparison to Industry Standards

• Director compensation packages often include stock or stock-based awards to align director interests with shareholder value.
• Deferred compensation plans for non-employee directors are a common practice among publicly traded companies.
• The specifics of these plans vary widely based on company size, industry, and governance practices; comparing Mativ's plan to those of similar-sized companies in the materials sector would provide a more detailed benchmark.

Stakeholder Impact

• Shareholders may view the director's stock ownership as a positive sign of alignment with their interests.
• The compensation structure impacts the company's financial statements and should be considered in the context of overall executive compensation.

Key Dates