Fogarty Kevin Michael 4

What Happened
Kevin Michael Fogarty, a director of Magnera Corp (MAGN), was granted 12,998 restricted stock units (RSUs) on 2026-03-09. The award is reported as a derivative/award (transaction code A) with an acquisition price of $0 — RSUs carry no immediate purchase price and have no value until restrictions lapse. The grant vests in full one year from the grant date (2027-03-09).

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-10 (timely file).
• Transaction type: Award/Grant of RSUs (Derivative). Reported acquisition price: $0.
• Shares granted: 12,998 RSUs. Total dollar value at grant: $0 (no immediate cash value per filing).
• Vesting: Entire grant vests and restrictions lapse one year from grant date (per footnote).
• Shares owned after transaction: Not reported in the provided data.
• Footnotes: F1 notes RSUs have no value until restrictions lapse; F2 confirms one-year vesting/cliff.
• No indication of a 10b5-1 plan, sale, exercise, or tax-withholding in the provided information.

Context
This was a compensation award, not an open-market purchase or sale. RSU grants are common director compensation and do not require cash outlay; they convert to actual shares only when restrictions lapse (vesting). Such awards are routine and should not be read as an immediate buy or sell signal.