Magnera Corp Form 4: 5,871 RSUs awarded to director Marnick
Rhea-AI Filing Summary
Magnera Corp (MAGN) reported a routine equity award for one of its directors. On 11/14/2025, director Samantha Marnick received 5,871 restricted stock units (RSUs) that are settled in Magnera common stock with a par value of $0.01 per share. The RSUs were granted at a price of $0, meaning no cash payment is required by the director to receive the shares upon vesting.
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. It represents a prorated value of the Annual Director Award 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, after which the restrictions lapse and the units convert into shares of common stock.
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FAQ
What equity award did Magnera Corp (MAGN) report for director Samantha Marnick?
Magnera Corp reported that director Samantha Marnick received a grant of 5,871 restricted stock units (RSUs) on 11/14/2025, each representing one share of Magnera common stock with a par value of $0.01.
When do the new RSUs granted to the Magnera (MAGN) director vest?
The 2025 Prorated Director Award of 5,871 RSUs vests in full one year from the grant date, on 11/14/2026. At that time, all restrictions lapse and the RSUs convert into common shares.
What is the exercise or purchase price for the Magnera Corp (MAGN) RSU grant?
The RSUs granted to the director have a price of $0, meaning the director does not pay cash to receive the underlying shares when the RSUs vest.
Why is the Magnera (MAGN) director award described as a prorated grant?
The filing states that the RSU grant is a prorated value of the Annual Director Award for the period between the 2024 RSU lapse reported on November 4, 2025, and the 2026 Annual Shareholder Meeting, to align the director equity schedule with that meeting date.
What type of security underlies the RSUs granted by Magnera Corp (MAGN)?
The RSUs are settled in Magnera common stock with a par value of $0.01 per share. Upon vesting, each RSU represents one share of this common stock.
Is the Magnera Corp (MAGN) Form 4 filed by one or multiple reporting persons?
The Form 4 is indicated as filed by one reporting person, reflecting transactions for director Samantha Marnick, with the signature provided by Laura A. Jones as attorney-in-fact.