Keenan Jeffrey - 27 Jul 2022 Form 4 Insider Report for Mativ Holdings, Inc. (MATV)

Role: Director
Signature: Honor Winks as Attorney-in-fact for Jeffrey Keenan
Issuer symbol: MATV
Transactions as of: 27 Jul 2022
Transactions value $: $0
Form type: 4
Filing time: 10 Aug 2022, 16:39:34
Previous filing: 01 Jul 2022
Next filing: 05 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MATV	Common Stock	Options Exercise		+39.2K	+30.13%		169K	27 Jul 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MATV	Phantom Stock Units	Options Exercise		-39.2K	-100%		0	27 Jul 2022	Common Stock	39.2K		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Conversion of phantom stock units in the Directors Deferred Compensation Plan 2 (the "Plan") into shares of common stock in connection with the liquidation of the Plan due to the merger (the "Merger") of Schweitzer-Mauduit International, Inc. and Neenah, Inc. on July 6, 2022.
F2	Each phantom stock unit is the economic equivalent of one share of common stock.
F3	Phantom stock Units are converted to stock upon the earlier of retirement from the Board or termination as a director in accordance with the Plan, or upon liquidation of the Plan. The Plan was liquidated due to the Merger.