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Magnera (MAGN) EVP, CAO reports stock ownership and RSU awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

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.

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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 — 236 shares (Direct); Common Stock, Par Value $.01 — 2,231 shares (Direct)
Footnotes (1)
  1. 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. Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date. 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. 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. 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. 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. 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. 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. 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.
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SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
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hours per response: 0.5
1. Name and Address of Reporting Person*
Maile Erin
(Last) (First) (Middle)
9335 HARRIS CORNERS PARKWAY
SUITE 300
(Street)
CHARLOTTE NC 28269
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/02/2026 		3. Issuer Name and Ticker or Trading Symbol
Magnera Corp [ MAGN ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, CAO
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, Par Value $.01 2,231 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) (1) Common Stock, Par Value $.01 236 (2) D
Restricted Stock Units (3) (3) Common Stock, Par Value $.01 8 (2) D
Restricted Stock Units (4) (4) Common Stock, Par Value $.01 191 (2) D
Restricted Stock Units (5) (5) Common Stock, Par Value $.01 378 (2) D
Restricted Stock Units (6) (6) Common Stock, Par Value $.01 7 (2) D
Restricted Stock Units (7) (7) Common Stock, Par Value $.01 282 (2) D
Restricted Stock Units (8) (8) Common Stock, Par Value $.01 594 (2) D
Restricted Stock Units (9) (9) Common Stock, Par Value $.01 2,857 (2) D
Explanation of Responses:
1. 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.
2. Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
Remarks:
On November 4, 2024, the Issuer completed its merger (the "Transaction") with a wholly owned subsidiary of Berry Global Group, Inc. (''Berry Global''). In connection with the Transaction, unvested equity awards held by transferring Berry Global employees were cancelled and replaced with Magnera RSUs pursuant to the terms of the Employee Matters Agreement.
/s/ Laura A. Jones, Attorney-in-fact 02/03/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

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.

How many Magnera (MAGN) common shares does Maile Erin directly own?

Maile Erin directly owns 2,231 shares of Magnera common stock. This position is reported as directly held, separate from her various unvested RSU awards, which will convert into additional shares only as specified vesting conditions are met.

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.