Magnera Corp (MAGN) EVP exercises RSUs and withholds shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Magnera Corp executive Jill L. Urey, EVP, General Counsel and Corporate Secretary, reported routine equity compensation activity. On February 24, 2026, she exercised 205 restricted stock units, converting them into an equal number of common shares at $13.03 per share.
To cover tax obligations related to this vesting, 68 common shares were disposed of through a tax-withholding transaction, rather than an open-market sale. After these transactions, Urey directly owned 4,084 shares of Magnera common stock. The RSUs were part of a 2023 long-term incentive grant that vested in three annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
205 shares exercised/converted
Mixed
3 txns
Insider
Urey Jill L.
Role
EVP, GC & Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 205 | $0.00 | -- |
| Exercise | Common Stock, Par Value $.01 | 205 | $13.03 | $3K |
| Tax Withholding | Common Stock, Par Value $.01 | 68 | $13.03 | $886.04 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock, Par Value $.01 — 4,152 shares (Direct)
Footnotes (1)
- Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date. This 2023 RSU LTIP grant vests one-third 02/24/2024, one-third 02/24/2025 and one-third 02/24/2026.
FAQ
What insider transactions did Magnera Corp (MAGN) report for Jill L. Urey?
Magnera Corp reported that executive Jill L. Urey exercised 205 restricted stock units into common shares and disposed of 68 shares for tax withholding. These transactions are part of routine equity compensation and reflect a derivative exercise and related tax-liability settlement.
What type of equity award did Jill L. Urey exercise at Magnera Corp (MAGN)?
Jill L. Urey exercised restricted stock units, converting 205 RSUs into 205 common shares. According to the footnotes, these RSUs are from a 2023 long-term incentive grant that vests in three equal annual installments ending February 24, 2026.
What is the vesting schedule of Jill L. Urey’s 2023 RSU grant at Magnera (MAGN)?
The 2023 RSU long-term incentive grant vests in three equal parts: one-third on February 24, 2024, one-third on February 24, 2025, and one-third on February 24, 2026, according to the footnote included with the Form 4 filing.