Magnera Corp (MAGN) files Form 4 for 5,871 director RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Magnera Corp director Michael Curless reported an equity grant on Form 4. On 11/14/2025 he received 5,871 restricted stock units (RSUs), each representing one share of Magnera common stock with a stated price of $0 for the derivative security. The award is described as a 2025 prorated director grant intended to align the director equity schedule with the company’s Annual Shareholder Meeting cycle.
These 5,871 RSUs are scheduled to vest in full one year from the grant date, on 11/14/2026, at which time the restrictions lapse and the units convert into common shares. Following this grant, Curless is shown as directly owning 5,871 derivative securities tied to Magnera common stock.
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 | 5,871 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,871 shares (Direct)
Footnotes (1)
- Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date. To align the director equity schedule with the Annual Shareholders Meeting moving forward, this grant represents a prorated value of the Annual Director Award for the period between the 2024 RSU lapse reported on November 4, 2025 and the Annual Shareholder Meeting in 2026, at which time directors will be granted a full 2026 Annual Director Award upon their reelection. This 2025 Prorated Director Award vests in full one year from the grant date.