Magnera Corp (MAGN) director receives 12,998 restricted stock units in 2026 grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fogarty Kevin Michael reported acquisition or exercise transactions in this Form 4 filing.
Magnera Corp director Kevin Michael Fogarty was granted 12,998 restricted stock units (RSUs). The RSUs were awarded on the grant date with no cash price per unit. According to the award terms, this 2026 director grant vests in full and all restrictions lapse one year from the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fogarty Kevin Michael
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 insider transaction did Magnera Corp (MAGN) report for Kevin Michael Fogarty?
Magnera Corp reported that director Kevin Michael Fogarty received a grant of 12,998 restricted stock units. These RSUs were awarded as compensation and had a transaction price of $0.0000 per unit, indicating no cash payment was made for the grant.
What type of security was involved in the latest MAGN Form 4 filing?
The Form 4 for Magnera Corp shows a grant of Restricted Stock Units (RSUs). RSUs represent a promise of stock in the future and, per the disclosure, have no value until restrictions lapse on the final vesting or specified vesting date for the award.
How many Magnera Corp RSUs does Kevin Michael Fogarty hold after this grant?
Following this transaction, Kevin Michael Fogarty is reported to hold 12,998 Restricted Stock Units directly. This total equals the number of RSUs granted in the filing, reflecting his entire reported RSU holdings after the 2026 director award grant.
When do the 2026 director RSUs for Magnera Corp vest?
The filing states that the 2026 director grant vests in full and all restrictions lapse one year from the grant date. Until that time, the RSUs remain restricted and do not carry realizable value according to the transaction footnote disclosure.
Do the granted Magnera Corp RSUs have immediate cash value for the director?
The RSUs have no immediate cash value. A footnote explains that RSUs have no value until all restrictions lapse on the final vesting date, meaning the director cannot realize value from the 12,998 units until they fully vest as described.