4//SEC Filing
Urey Jill L. 4
Accession 0001127602-24-026637
CIK 0000041719other
Filed
Nov 5, 7:00 PM ET
Accepted
Nov 6, 8:58 PM ET
Size
21.4 KB
Accession
0001127602-24-026637
Insider Transaction Report
Form 4
Magnera CorpMAGN
Urey Jill L.
EVP, GC & Corp Sec
Transactions
- Award
Common Stock, Par Value $.01
2024-11-04$21.05/sh+870$18,314→ 1,860 total - Tax Payment
Common Stock, Par Value $.01
2024-11-04$21.05/sh−30$632→ 990 total - Award
Restricted Stock Units
2024-11-04+4,750→ 4,750 totalFrom: 2025-11-04Exp: 2027-11-04→ Common Stock, Par Value $.01 (4,750 underlying) - Tax Payment
Common Stock, Par Value $.01
2024-11-04$21.05/sh−245$5,157→ 1,615 total - Award
Restricted Stock Units
2024-11-04+9,501→ 9,501 totalFrom: 2027-11-04Exp: 2027-11-04→ Common Stock, Par Value $.01 (9,501 underlying) - Award
Common Stock, Par Value $.01
2024-11-04$21.05/sh+101$2,126→ 1,020 total
Holdings
- 32(indirect: By 401(k))
Common Stock, Par Value $.01
Footnotes (7)
- [F1]These shares were received in settlement of a Performance Share Award granted on February 18, 2022. In connection with a series of transactions pursuant to which a wholly-owned subsidiary of the Issuer combined with Berry Global Group Inc.'s global nonwovens and hygiene films business in a Reverse Morris Trust transaction (collectively, the "Transactions"), outstanding performance stock awards ("PSAs") held by executive officers of the Issuer that were outstanding immediately prior to the Transactions vested upon the closing of the Transactions, and, as a result, were deemed to be earned and vested at (i) actual performance for completed performance periods, and (ii) target performance through the date of the Transactions for incomplete performance periods.
- [F2]These shares are being withheld to satisfy tax obligations.
- [F3]These shares were received in settlement of a Performance Share Award granted on February 24, 2023. In connection with a series of transactions pursuant to which a wholly-owned subsidiary of the Issuer combined with Berry Global Group Inc.'s global nonwovens and hygiene films business in a Reverse Morris Trust transaction (collectively, the "Transactions"), outstanding performance stock awards ("PSAs") held by executive officers of the Issuer that were outstanding immediately prior to the Transactions vested upon the closing of the Transactions, and, as a result, were deemed to be earned and vested at (i) actual performance for completed performance periods, and (ii) target performance through the date of the Transactions for incomplete performance periods.
- [F4]Represents shares of Magnera Corporation (formerly Glatfelter Corporation, "the Issuer") common stock, par value $0.01 per share, after giving effect to a 1-for-13 reverse stock split effective on November 4, 2024 and the subsequent vesting of Performance Shares reported above.
- [F5]Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.
- [F6]This grant vests one-third 11/4/2025, one-third 11/4/2026 and one-third 11/4/2027. This grant vests in full, and all restrictions lapse, three years from the Grant Date.
- [F7]This grant vests in full and all restrictions lapse three years from the Grant Date, subject to the individual's continuous employment with Magnera Corporation.
Issuer
Magnera Corp
CIK 0000041719
Entity typeother
Related Parties
1- filerCIK 0001789456
Filing Metadata
- Form type
- 4
- Filed
- Nov 5, 7:00 PM ET
- Accepted
- Nov 6, 8:58 PM ET
- Size
- 21.4 KB