Brown Bruce 4
Research Summary
AI-generated summary
Magnera (MAGN) Director Bruce Brown Receives 12,998 RSUs
What Happened
Bruce Brown, a director of Magnera Corp (ticker: MAGN), was granted 12,998 restricted stock units (RSUs) on March 9, 2026. The Form 4 reports this as an award/acquisition (code A) of 12,998 derivative shares at $0.00 — RSUs carry no immediate cash value. Per the filing, this 2026 director grant vests in full and all restrictions lapse one year from the grant date (vesting date: March 9, 2027).
Key Details
- Transaction date and price: 2026-03-09, 12,998 RSUs @ $0.00 (derivative award).
- Reported filing date: 2026-03-10 (filed the next day; appears timely).
- Shares owned after transaction: not provided in the filing excerpt supplied.
- Footnotes: F1 — RSUs have no value until restrictions lapse; F2 — grant vests in full one year from grant date.
- Transaction type: Award/Grant (not an open-market purchase or sale).
Context
This was a compensation grant (RSUs) to a board member, not a purchase or sale. RSUs typically represent future equity compensation and only convert to tradable shares (and potential taxable income) once vested and restrictions lapse; they do not indicate immediate buying pressure or proceeds.