Magnera Corp Form 4 shows 5,871 RSUs granted to director
Rhea-AI Filing Summary
Magnera Corp (MAGN) reported a Form 4 insider transaction for director Thomas Salmon involving a new grant of derivative securities in the form of restricted stock units (RSUs). On 11/14/2025, the director received 5,871 RSUs with an exercise price of $0, reflecting equity compensation rather than a cash purchase. These RSUs relate to Magnera common stock with par value $0.01 per share and vest in full one year from the grant date, on 11/14/2026. The company notes that RSUs have no value until all restrictions lapse on the final vesting date and explains that this 2025 prorated director award is intended to align the director equity schedule with the timing of the Annual Shareholder Meeting in 2026.
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FAQ
What insider transaction did Magnera Corp (MAGN) report in this Form 4?
Magnera Corp reported that director Thomas Salmon received a grant of 5,871 restricted stock units (RSUs) on 11/14/2025 as equity compensation.
What type of securities were granted to the Magnera Corp (MAGN) director and at what price?
The director received restricted stock units (RSUs) linked to Magnera common stock, with an exercise price of $0, indicating they are a compensation award rather than a market purchase.
When do the new RSUs granted by Magnera Corp (MAGN) vest?
The 2025 prorated director RSU award granted on 11/14/2025 vests in full one year from the grant date, on 11/14/2026.
Why did Magnera Corp (MAGN) grant a prorated director RSU award of 5,871 units?
The filing states that the 5,871 RSUs represent 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, where directors are expected to receive a full 2026 Annual Director Award upon reelection.
Do the Magnera Corp (MAGN) RSUs reported in this Form 4 have immediate value?
No. The company notes that RSUs have no value until all restrictions lapse on the final vesting date, which for this grant is 11/14/2026.
What is the relationship of the reporting person to Magnera Corp (MAGN)?
The reporting person, Thomas Salmon, is identified as a director of Magnera Corp in the filing.