4//SEC Filing
Fahnemann Thomas 4
Accession 0001127602-24-027574
CIK 0000041719other
Filed
Nov 17, 7:00 PM ET
Accepted
Nov 18, 9:15 PM ET
Size
26.4 KB
Accession
0001127602-24-027574
Insider Transaction Report
Form 4
Magnera CorpMAGN
Fahnemann Thomas
Director
Transactions
- Exercise/Conversion
Common Stock, Par Value $.01
2024-11-14$17.20/sh+27,210$468,012→ 55,397 total - Exercise/Conversion
Restricted Stock Units
2024-11-14−27,210→ 0 totalExercise: $0.00From: 2024-12-31Exp: 2027-02-28→ Common Stock, Par Value $.01 (27,210 underlying) - Exercise/Conversion
Common Stock, Par Value $.01
2024-11-14$17.20/sh+9,230$158,756→ 21,412 total - Tax Payment
Common Stock, Par Value $.01
2024-11-14$17.20/sh−11,267$193,792→ 61,020 total - Tax Payment
Common Stock, Par Value $.01
2024-11-14$17.20/sh−10,617$182,612→ 76,497 total - Award
Common Stock, Par Value $.01
2024-11-14$17.20/sh+27,692$476,302→ 72,287 total - Exercise/Conversion
Restricted Stock Units
2024-11-14−9,230→ 0 totalExercise: $0.00From: 2024-08-24Exp: 2025-08-24→ Common Stock, Par Value $.01 (9,230 underlying) - Exercise/Conversion
Common Stock, Par Value $.01
2024-11-14$17.20/sh+12,308$211,698→ 31,349 total - Tax Payment
Common Stock, Par Value $.01
2024-11-14$17.20/sh−3,162$54,386→ 28,187 total - Award
Common Stock, Par Value $.01
2024-11-14$17.20/sh+26,094$448,817→ 87,114 total - Exercise/Conversion
Restricted Stock Units
2024-11-14−12,308→ 0 totalExercise: $0.00From: 2024-02-24Exp: 2026-02-24→ Common Stock, Par Value $.01 (12,308 underlying) - Tax Payment
Common Stock, Par Value $.01
2024-11-14$17.20/sh−2,371$40,781→ 19,041 total - Tax Payment
Common Stock, Par Value $.01
2024-11-14$17.20/sh−10,802$185,794→ 44,595 total
Footnotes (8)
- [F1]Represents shares acquired by the reporting person upon the vesting of outstanding restricted stock units upon his separation of service from the Issuer in connection with the closing of 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").
- [F2]Represents shares being withheld to satisfy tax obligations.
- [F3]Represents shares acquired by the reporting person upon the vesting of outstanding performance stock awards ("PSAs") in connection with the Transactions noted above. Outstanding 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]Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.
- [F5]The number of securities underlying awards beneficially owned by the reporting person have been adjusted to reflect a 1-for-13 reverse stock split effective on November 4, 2024.
- [F6]Represents the CEO sign-on RSU grant that vested in two equal annual installments beginning on August 24, 2024.
- [F7]Represents the 2023 RSU LTIP grant, which vests one-third 2/24/2024, one-third 2/24/2025 and one-third 2/24/2026.
- [F8]Represents the 2024 RSU LTIP grant, which vests one-third 12/31/2024, one-third 2/28/2026 and one-third 2/28/2027.
Documents
Issuer
Magnera Corp
CIK 0000041719
Entity typeother
Related Parties
1- filerCIK 0001943784
Filing Metadata
- Form type
- 4
- Filed
- Nov 17, 7:00 PM ET
- Accepted
- Nov 18, 9:15 PM ET
- Size
- 26.4 KB