Mativ Holdings, Inc.

Not applicable.

Part II

Market Information. Our common stock, $0.10 par value per share ("Common Stock") is trading on the New York Stock Exchange (NYSE") under the symbol "MATV." Prior to the Merger, our Common Stock was listed on the NYSE, trading under the symbol "SWM" since November 30, 1995. On February 23, 2026, our stock closed at $10.98 per share.

Performance Graph. The following graph compares the total cumulative stockholder return on our Common Stock during the period from December 31, 2020 through December 31, 2025 with the comparable cumulative total returns of the Russell 2000, S&P SmallCap 600 Capped Materials Index and self-constructed peer group, both of which we consider to be reflective of the performance of the industries in which we operate. The peer group portfolio includes nine U.S. based materials companies including Clearwater Paper Corp., Deluxe Corp., Eastman Chemical Co., Essentra Plc, Graphic Packing Holding Corp, Greif Inc., Magnera Corp, Rayonier Advanced Materials Inc., and Sealed Air Corp. In 2021, the peer group included Neenah, Inc. and Intertape Polymer Group Inc., which were acquired during 2022 and are no longer peer group public entities. They were replaced with Deluxe Corp. and Eastman Chemical Co. In 2024, the peer group included Berry Global Group Inc. and Glatfelter Corp. which were acquired during 2025 and are no longer peer group public entities. Glatfelter Corp. was replaced with Magnera Corp.

The graph assumes that the value of the investments in the Common Stock and each index were $100 on December 31, 2020, and that all dividends were reinvested. The stock price performance shown on the graph below is not necessarily indicative of future price performance.

Comparison of Cumulative Five-Year Return

Holders. As of February 23, 2026, there were 1,684 stockholders of record.

Dividends. We have declared and paid cash dividends on our Common Stock every fiscal quarter since the second quarter of 1996. In 2025, 2024 and 2023, we declared and paid cash dividends totaling $0.40, $0.40, and $1.00 per share, respectively. On February 18, 2026, we announced a cash dividend of $0.10 per share payable on March 27, 2026 to stockholders of record as of the close of business on March 13, 2026. Our credit agreement covenants require that we maintain certain financial ratios, as disclosed in Note 12. Debt of the Notes to Consolidated Financial Statements, none of which under normal business conditions materially limit our ability to pay such dividends. We will continue to assess our dividend policy in light of our overall strategy, cash generation, debt levels and ongoing requirements for cash to fund operations and to pursue possible strategic opportunities.

Recent Sales of Unregistered Securities. We had no unregistered sales of equity securities during the fiscal year ended December 31, 2025.

Repurchases of Equity Securities. The Company did not repurchase shares during 2025 and the remaining amount of share repurchases currently authorized by our Board of Directors as of December 31, 2025 is $22.0 million.

In August 2023, the Board of Directors authorized the repurchase of shares of Mativ Common Stock in an amount not to exceed $30.0 million. Under the current $30.0 million authorization for the share repurchases, the Company purchased 539,386 shares for $8.0 million cumulatively as of February 23, 2026.