Glatfelter sets 2024 executive LTIs: CEO Fahnemann awarded $3M total, 75% equity, 25% cash

Magnera Corp

CEO Thomas Fahnemann receives $3,000,000 total award value (75% RSUs, 25% cash) for 2024.
CFO Ramesh Shettigar awarded $550,000; SVP David Elder awarded $300,000 under same structure.
Awards vest in three equal tranches on Dec 31, 2024, Feb 28, 2026, and Feb 28, 2027.
Cash portion is a new one-time program to preserve share pool under the 2022 Equity Incentive Plan.
Partial vesting triggered on termination without cause or for good reason after a change in control, referencing Berry Global transaction.

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