Magnera Corp director granted 5,871 RSUs in Form 4 filing
Magnera Corp reported a director equity grant on a Form 4 for board member Kevin Fogarty.
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Rhea-AI Filing Summary
Magnera Corp reported a director equity grant on a Form 4 for board member Kevin Fogarty. On 11/14/2025, the director received 5,871 restricted stock units (RSUs) tied to Magnera common stock at a stated price of $0 per unit. The award is described as a 2025 Prorated Director Award, intended to align the director equity schedule with the timing of the Annual Shareholder Meeting. According to the filing, these RSUs have no value until all restrictions lapse, and this prorated grant is for the period between the 2024 RSU lapse reported on November 4, 2025 and the 2026 Annual Shareholder Meeting. The RSUs vest in full one year from the grant date, on 11/14/2026, and are held as direct ownership by the reporting person.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,871 | $0.00 | $0.00 |
Footnotes (3)
- F1. Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.
- F2. To align the director equity schedule with the Annual Shareholders Meeting moving forward, this grant represents a prorated value of the Annual Director Award for the period between the 2024 RSU lapse reported on November 4, 2025 and the Annual Shareholder Meeting in 2026, at which time directors will be granted a full 2026 Annual Director Award upon their reelection.
- F3. This 2025 Prorated Director Award vests in full one year from the grant date.
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