Magnera EVP Maile Erin discloses initial holdings
Magnera Corp EVP and CAO Maile Erin filed an initial ownership report showing direct holdings in the company’s common stock and multiple restricted stock unit (RSU) awards.
Rhea-AI Filing Summary
Magnera Corp EVP and CAO Maile Erin filed an initial ownership report showing direct holdings in the company’s common stock and multiple restricted stock unit (RSU) awards. She directly holds 2,231 shares of common stock, plus various unvested RSUs that convert into common shares as they vest over time.
Several RSU positions, including grants of 236, 8, 191, 378, 7, 282, 594 and 2,857 RSUs, reflect equity awards originally granted by Berry Global and later converted into Magnera RSUs following Magnera’s merger with a Berry Global subsidiary. Additional FY2025 and FY2026 annual RSU grants vest in scheduled installments through 2028, aligning a portion of Erin’s compensation with long-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Maile Erin
Role
EVP, CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock, Par Value $.01 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,553 contracts (Direct);
Common Stock, Par Value $.01 — 2,231 shares (Direct)
Footnotes (9)
- F1. Represents unvested RSUs awarded to the reporting person by Berry Global in 2022 that were converted to Magnera RSUs per the terms of the Transaction. 233 shares vested on 11/25/2024 and 233 shares vested on 11/25/2025. 236 shares are scheduled to vest on 11/25/2026.
- F2. Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.
- F3. Represents unvested Dividend Equivalent Rights accumulated on the Berry Global 2022 RSU award that were converted to Magnera RSUs per the terms of the Transaction. 6 shares vested on 11/25/2024 and 6 shares vested on 11/25/2025. 8 shares are scheduled to vest on 11/25/2026.
- F4. Represents unvested Non-Qualified Stock Options awarded to the reporting person by Berry Global in 2022 that were converted to Magnera RSUs per the terms of the Transaction. 188 shares vested on 11/25/2024 and 188 shares vested on 11/25/2025. 191 shares are scheduled to vest on 11/25/2026.
- F5. Represents unvested RSUs awarded to the reporting person by Berry Global in 2023 that were converted to Magnera RSUs per the terms of the Transaction. 189 shares vested on 11/20/2024 and 189 shares vested on 11/20/2025. 189 shares are scheduled to vest each on 11/20/2026 and 11/20/2027.
- F6. Represents unvested Dividend Equivalent Rights accumulated on the Berry Global 2023 RSU award that were converted to Magnera RSUs per the terms of the Transaction. 2 shares vested on 11/20/2024 and 2 shares vested on 11/20/2025. 2 shares are scheduled to vest on 11/20/2026 and 5 shares are scheduled to vest on 11/20/2027.
- F7. Represents unvested Non-Qualified Stock Options awarded to the reporting person by Berry Global in 2023 that were converted to Magnera RSUs per the terms of the Transaction. 140 shares vested on 11/20/2024 and 140 shares vested on 11/20/2025. 140 shares are scheduled to vest on 11/20/2026 and 142 shares are scheduled to vest on 11/20/2027.
- F8. Represents the FY2025 Annual RSU grant. 296 shares vested on 11/4/2025. 297 shares are scheduled to vest on each of 11/4/2026 and 11/4/2027.
- F9. Represents the FY2026 Annual RSU grant, which vests one-third 11/14/2026, one-third 11/14/2027 and one-third 11/14/2028. This grant vests in full, and all restrictions lapse, three years from the Grant Date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Magnera (MAGN) Form 3 filing by Maile Erin show?
The Form 3 shows EVP and CAO Maile Erin’s initial ownership in Magnera, including 2,231 common shares and multiple RSU awards. Many RSUs stem from prior Berry Global grants converted into Magnera equity after the merger.
What RSU awards are reported for Maile Erin in Magnera (MAGN)?
The filing lists several restricted stock unit positions, including blocks of 236, 8, 191, 378, 7, 282, 594 and 2,857 RSUs. These RSUs convert into Magnera common stock over future vesting dates as restrictions lapse.
How are Berry Global equity awards reflected in Magnera (MAGN) for Maile Erin?
Unvested equity awards originally granted by Berry Global were converted into Magnera RSUs under the Transaction terms. The footnotes explain that prior RSUs, options, and dividend equivalent rights now vest as Magnera RSUs on specified future dates.
What are the future vesting schedules for Maile Erin’s Magnera (MAGN) RSUs?
Footnotes describe multiple future vesting dates, including scheduled vesting on 11/25/2026, 11/20/2026, 11/20/2027, 11/4/2026, 11/4/2027, 11/14/2026, 11/14/2027 and 11/14/2028. RSUs gain value only after all restrictions lapse on each grant’s final vesting date.
Did the Magnera (MAGN) merger with Berry Global affect Maile Erin’s equity?
Yes. The remarks state that, in the November 4, 2024 Transaction with a Berry Global subsidiary, unvested Berry Global equity awards held by transferring employees were cancelled and replaced with Magnera RSUs under an Employee Matters Agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
