Achim Schalk - 04 Nov 2024 Form 4 Insider Report for Magnera Corp (MAGN)

Role
President, EMEIA/APAC
Signature
/s/ Laura A. Jones, attorney-in-fact for Achim Schalk
Issuer symbol
MAGN
Transactions as of
04 Nov 2024
Net transactions value
$0
Form type
4
Filing time
06 Nov 2024, 11:36:00 UTC
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MAGN Restricted Stock Units Award $0 +5,641 $0.000000 5,641 04 Nov 2024 Common Stock, Par Value $.01 5,641 Direct F1, F2
transaction MAGN Restricted Stock Units Award $0 +11,876 $0.000000 11,876 04 Nov 2024 Common Stock, Par Value $.01 11,876 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.
F2 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.
F3 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.