Dual monitor setup broken with Marco/picom

I have two monitors: 1920*1080+1280*1024

I have upgraded from 20.04, using Compiz as default compositor.

When selecting any configuration involving Marco/picom in Tweak, after reboot the wallpaper on the secondary display is misaligned and there are some weird window outlines present. Can't adjust display position in Displays - displays are not draggable.

Only switching back to Compiz fixes the issue.
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ProblemType: Bug
.proc.driver.nvidia.capabilities.gpu0: Error: path was not a regular file.
.proc.driver.nvidia.capabilities.mig: Error: path was not a regular file.
.proc.driver.nvidia.gpus.0000.01.00.0: Error: path was not a regular file.
.proc.driver.nvidia.registry: Binary: ""
.proc.driver.nvidia.suspend: suspend hibernate resume
.proc.driver.nvidia.suspend_depth: default modeset uvm
.proc.driver.nvidia.version:
 NVRM version: NVIDIA UNIX x86_64 Kernel Module 510.73.05 Sat May 7 05:30:26 UTC 2022
 GCC version: gcc version 11.2.0 (Ubuntu 11.2.0-19ubuntu1)
ApportVersion: 2.20.11-0ubuntu82.1
Architecture: amd64
BootLog: Error: [Errno 13] Permission denied: '/var/log/boot.log'
CasperMD5CheckResult: unknown
CompizPlugins: No value set for `/apps/compiz-1/general/screen0/options/active_plugins'
CompositorRunning: None
CurrentDesktop: MATE
DistUpgraded: 2022-05-23 00:25:54,960 DEBUG Running PostInstallScript: '/usr/lib/ubuntu-advantage/upgrade_lts_contract.py'
DistroCodename: jammy
DistroRelease: Ubuntu 22.04
DistroVariant: ubuntu
GraphicsCard:
 NVIDIA Corporation GM206 [GeForce GTX 960] [10de:1401] (rev a1) (prog-if 00 [VGA controller])
   Subsystem: Gigabyte Technology Co., Ltd GM206 [GeForce GTX 960] [1458:36be]
GsettingsChanges:

MachineType: MSI MS-7758
NonfreeKernelModules: nvidia_modeset nvidia
Package: picom
PackageArchitecture: all
ProcKernelCmdLine: BOOT_IMAGE=/boot/vmlinuz-5.15.0-33-generic root=UUID=a1cff0df-1941-4e60-abb9-3ed46086a4bc ro quiet loglevel=0 vt.global_cursor_default=0 console=tty3
ProcVersionSignature: Ubuntu 5.15.0-33.34-generic 5.15.30
Tags: jammy ubuntu
Uname: Linux 5.15.0-33-generic x86_64
UpgradeStatus: Upgraded to jammy on 2022-05-22 (1 days ago)
UserGroups: adm audio cdrom dip lpadmin plugdev sambashare sudo vboxusers
_MarkForUpload: True
dmi.bios.date: 03/15/2013
dmi.bios.release: 4.6
dmi.bios.vendor: American Megatrends Inc.
dmi.bios.version: V2.9
dmi.board.asset.tag: To be filled by O.E.M.
dmi.board.name: Z77A-G43 (MS-7758)
dmi.board.vendor: MSI
dmi.board.version: 1.0
dmi.chassis.asset.tag: To Be Filled By O.E.M.
dmi.chassis.type: 3
dmi.chassis.vendor: MSI
dmi.chassis.version: 1.0
dmi.modalias: dmi:bvnAmericanMegatrendsInc.:bvrV2.9:bd03/15/2013:br4.6:svnMSI:pnMS-7758:pvr1.0:rvnMSI:rnZ77A-G43(MS-7758):rvr1.0:cvnMSI:ct3:cvr1.0:skuTobefilledbyO.E.M.:
dmi.product.family: To be filled by O.E.M.
dmi.product.name: MS-7758
dmi.product.sku: To be filled by O.E.M.
dmi.product.version: 1.0
dmi.sys.vendor: MSI
modified.conffile..etc.default.apport:
 # set this to 0 to disable apport, or to 1 to enable it
 # you can temporarily override this with
 # sudo service apport start force_start=1
 enabled=0
mtime.conffile..etc.default.apport: 2020-05-06T12:24:36.778138
version.compiz: compiz 1:0.9.14.1+22.04.20211217-0ubuntu2
version.libdrm2: libdrm2 2.4.110-1ubuntu1
version.libgl1-mesa-dri: libgl1-mesa-dri 22.0.1-1ubuntu2
version.libgl1-mesa-glx: libgl1-mesa-glx 22.0.1-1ubuntu2
version.nvidia-graphics-drivers: nvidia-graphics-drivers-* N/A
version.xserver-xorg-core: xserver-xorg-core 2:21.1.3-2ubuntu2
version.xserver-xorg-input-evdev: xserver-xorg-input-evdev 1:2.10.6-2build1
version.xserver-xorg-video-ati: xserver-xorg-video-ati N/A
version.xserver-xorg-video-intel: xserver-xorg-video-intel N/A
version.xserver-xorg-video-nouveau: xserver-xorg-video-nouveau N/A