AI assistant
Magnera Corp — Director's Dealing 2024
Nov 19, 2024
33036_dirs_2024-11-18_c47b6eb0-739b-45ec-b469-4e4cd00af9dd.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Magnera Corp (MAGN)
CIK: 0000041719
Period of Report: 2024-11-14
Reporting Person: Fahnemann Thomas (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-11-14 | Common Stock, Par Value $.01 | M | 9230 | $17.20 | Acquired | 21412 | Direct |
| 2024-11-14 | Common Stock, Par Value $.01 | F | 2371 | $17.20 | Disposed | 19041 | Direct |
| 2024-11-14 | Common Stock, Par Value $.01 | M | 12308 | $17.20 | Acquired | 31349 | Direct |
| 2024-11-14 | Common Stock, Par Value $.01 | F | 3162 | $17.20 | Disposed | 28187 | Direct |
| 2024-11-14 | Common Stock, Par Value $.01 | M | 27210 | $17.20 | Acquired | 55397 | Direct |
| 2024-11-14 | Common Stock, Par Value $.01 | F | 10802 | $17.20 | Disposed | 44595 | Direct |
| 2024-11-14 | Common Stock, Par Value $.01 | A | 27692 | $17.20 | Acquired | 72287 | Direct |
| 2024-11-14 | Common Stock, Par Value $.01 | F | 11267 | $17.20 | Disposed | 61020 | Direct |
| 2024-11-14 | Common Stock, Par Value $.01 | A | 26094 | $17.20 | Acquired | 87114 | Direct |
| 2024-11-14 | Common Stock, Par Value $.01 | F | 10617 | $17.20 | Disposed | 76497 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-11-14 | Restricted Stock Units | $0 | M | 9230 | Disposed | 2025-08-24 | Common Stock, Par Value $.01 (9230) | Direct |
| 2024-11-14 | Restricted Stock Units | $0 | M | 12308 | Disposed | 2026-02-24 | Common Stock, Par Value $.01 (12308) | Direct |
| 2024-11-14 | Restricted Stock Units | $0 | M | 27210 | Disposed | 2027-02-28 | Common Stock, Par Value $.01 (27210) | Direct |
Footnotes
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.