Magnera Corp (MAGN) director receives 12,998 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Curless Michael S reported acquisition or exercise transactions in this Form 4 filing.
Magnera Corp director Michael S. Curless received a grant of 12,998 Restricted Stock Units (RSUs) on the reported date. These RSUs were awarded at a price of $0.00 per unit, reflecting an equity-based compensation award rather than an open-market purchase.
Following this grant, Curless beneficially owns 12,998 RSUs directly. According to the footnotes, this 2026 director grant vests in full and all restrictions lapse one year from the grant date, and the RSUs have no value until all restrictions lapse on the final vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Curless Michael S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,998 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 12,998 shares (Direct)
Footnotes (1)
- Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date. This 2026 Director grant vests in full and all restrictions lapse one year from the Grant Date.
FAQ
What did Magnera Corp (MAGN) director Michael S. Curless report on this Form 4?
Michael S. Curless reported receiving a grant of 12,998 Restricted Stock Units (RSUs) from Magnera Corp. The award is an equity-based compensation grant, not an open-market stock purchase, and is held directly in his name after this transaction.
How many Magnera Corp (MAGN) RSUs were granted to Michael S. Curless?
Michael S. Curless was granted 12,998 Restricted Stock Units (RSUs). After this award, his directly held RSU balance became 12,998 units, indicating this filing reflects a new director grant rather than a sale or exchange of previously held equity.
Was this Magnera Corp (MAGN) Form 4 transaction a stock purchase or sale?
The Form 4 reports an acquisition of RSUs coded as a grant or award, not a stock purchase or sale. The transaction price is listed as $0.00 per unit, consistent with a compensatory equity award to a director of the company.
What are the vesting terms of Michael S. Curless’s 2026 RSU director grant at Magnera Corp (MAGN)?
The filing states the 2026 director grant vests in full and all restrictions lapse one year from the grant date. Footnotes also explain the RSUs have no value until all restrictions lapse on the final vesting date under the award terms.
How is Michael S. Curless’s ownership characterized after this Magnera Corp (MAGN) RSU grant?
After the grant, Michael S. Curless holds 12,998 RSUs with direct ownership. The ownership code is listed as “D,” indicating the RSUs are directly owned by him rather than through an indirect vehicle such as a trust, partnership, or family entity.