Form 4: Mativ Holdings Director William M. Cook Reports Acquisition of Phantom Stock Units

Director William M. Cook reports the acquisition of phantom stock units in Mativ Holdings, Inc. through director compensation and dividend reinvestment.

Summary

• On January 3, 2025, William M. Cook, 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, all deferred under the company's Non-Employee Directors Deferred Compensation Plan.
• The price of the phantom stock units was $10.9 for 2,866 units and 1,060 units, and $13.15 for 171 units.
• Following these transactions, Cook's direct ownership includes 26,614 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects standard director compensation practices and aligns director interests with shareholders. There are no indications of negative events or concerns.

Positives

• The acquisition of phantom stock units reflects Cook's continued investment and alignment with the company's long-term performance.
• The deferred compensation plan allows directors to accumulate stock units, potentially increasing their stake in the company over time.

Future Outlook

The document does not contain specific forward-looking statements, but the ongoing accumulation of phantom stock units suggests continued participation in the company's equity compensation plans.

Industry Context

This filing is a routine disclosure related to director compensation, which is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash retainers, meeting fees, and equity-based awards like stock options or restricted stock units.
• The use of phantom stock units is a fairly common method to provide equity-based compensation without immediately diluting existing shareholders.
• Companies like International Paper and WestRock, which operate in similar industries, also utilize equity-based compensation for their directors.

Stakeholder Impact

• Shareholders may view the director's acquisition of phantom stock units positively, as it aligns their interests with the company's performance.
• The compensation structure can incentivize directors to make decisions that benefit the company's long-term value.

Key Dates