MAGN insider files Form 4: 9,501 shares acquired; 10,000 held via trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Magnera Corp (MAGN) director Michael S. Curless reported acquiring 9,501 shares of common stock on 11/04/2025, shown with transaction code M. The common stock entry lists a price of $8.53, and the related RSU entry lists a price of $0 for the settlement.
Following the transaction, beneficial ownership is 9,501 shares held directly and 10,000 shares held indirectly by The Michael S Curless Trust. The filing notes the FY2025 Director grant vests in full and all restrictions lapse one year from the Grant Date.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,501 shares exercised/converted
Mixed
3 txns
Insider
Curless Michael S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,501 | $0.00 | -- |
| Exercise | Common Stock, Par Value $.01 | 9,501 | $8.53 | $81K |
| holding | Common Stock, Par Value $.01 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock, Par Value $.01 — 9,501 shares (Direct);
Common Stock, Par Value $.01 — 10,000 shares (Indirect, The Michael S Curless Trust)
Footnotes (1)
- Represents shares of Issuer common stock held by The Michael S Curless Trust, of which the reporting person is the trustee, grantor, and beneficiary. Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date. This FY2025 Director grant vests in full and all restrictions lapse one year from the Grant Date.
FAQ
What did MAGN director Michael S. Curless report on Form 4?
He reported acquiring 9,501 shares of Magnera Corp common stock on 11/04/2025 via a transaction coded M.
What prices are shown for the common stock and RSU entries?
The common stock entry shows $8.53, while the related RSU entry shows $0.
What does transaction code M indicate in this context?
Code M indicates the exercise or conversion of a derivative security, here corresponding to RSU settlement into common shares.
What is stated about the FY2025 Director RSU grant?
It states the grant vests in full and all restrictions lapse one year from the Grant Date.