secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001104659-24-031047
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000110465924031047/0001104659-24-031047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000110465924031047/tm248033d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-031047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer