David Parks - Nov 4, 2024 Form 4 Insider Report for Magnera Corp (MAGN)

Signature
/s/ Laura A. Jones, attorney-in-fact for David Parks
Stock symbol
MAGN
Transactions as of
Nov 4, 2024
Transactions value $
$0
Form type
4
Date filed
11/6/2024, 11:53 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MAGN Common Stock, Par Value $.01 531 Nov 4, 2024 Direct F1

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
holding MAGN Restricted Stock Units 5.94K Nov 4, 2024 Common Stock, Par Value $.01 5.94K Direct F2, F3
holding MAGN Restricted Stock Units 11.9K Nov 4, 2024 Common Stock, Par Value $.01 11.9K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer acquired upon 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 Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.
F3 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.
F4 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.