Urey Jill L. 4

What Happened

• Jill L. Urey, EVP, General Counsel & Corporate Secretary of Magnera Corp (MAGN), had 205 vested RSU units converted into 205 common shares on 2026-02-24 (transaction code M). Those 205 shares are valued at $13.03 each for a gross value of $2,671.
• To cover tax withholding (transaction code F), 68 of the shares were surrendered at $13.03 (value $886). The underlying RSU units were canceled (205 RSU units disposed at $0). Net shares received by Urey = 205 − 68 = 137 shares, with a net value of about $1,785.
• This was a conversion of compensation RSUs rather than an open-market purchase or sale—i.e., routine vesting and tax withholding, not a market trade.

Key Details

• Transaction date: 2026-02-24; Form 4 filed 2026-02-26 (timely filing).
• Prices reported: $13.03 per share used for valuation/withholding.
• Shares involved: 205 shares issued on conversion; 68 shares withheld for taxes; 205 RSU units canceled (derivative disposed at $0).
• Net shares added to Urey’s holdings: 137 shares (net value ≈ $1,785).
• Footnotes: F1 notes RSUs have no value until fully vested; F2 shows this was part of a 2023 LTIP RSU grant that vests one-third on 2/24/2024, one-third on 2/24/2025 and one-third on 2/24/2026 (this appears to be the final tranche).
• Transaction codes: M = exercise/conversion of a derivative (RSU → shares); F = payment of exercise price or tax liability (shares withheld for taxes).

Context

• This was not an open-market buy or sale. Urey simply received shares from the scheduled vesting of RSUs; a portion was withheld to satisfy tax obligations (a common, routine practice). Such conversions reflect compensation/vesting activity and do not, by themselves, indicate a change in insider sentiment.