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 plans.

Summary

• William M. Cook, a director of Mativ Holdings, Inc., reported the acquisition of phantom stock units on April 1, 2024.
• These acquisitions are related to the company's Outside Director Stock Plan and Non-Employee Directors Deferred Compensation Plan.
• The transactions include quarterly stock retainers, meeting retainers, committee retainers, and in-kind dividends.
• The price per share for the underlying common stock is $18.75 for some units and $18 for others.
• Following these transactions, Cook beneficially owns 16,075 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects standard director compensation practices, indicating a stable and well-governed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of phantom stock units reflects ongoing director compensation and alignment with company 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 any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to director compensation, which is a common practice in publicly traded companies. It provides transparency into how directors are incentivized and rewarded.

Stakeholder Impact

• Shareholders may view the director's acquisition of phantom stock units as a positive sign, aligning their interests with the company's long-term success.

Key Dates