Salmon Tom 4

What Happened
Tom Salmon, a director of Magnera Corp (MAGN), was granted 12,998 restricted stock units (RSUs) on 2026-03-09. The grant is reported as a derivative award (transaction code A) at $0.00 per share, so there is no immediate cash value recorded for the award. This is an equity compensation award rather than a purchase or sale.

Key Details

• Transaction date: 2026-03-09 (reported on Form 4 filed 2026-03-10). Filing appears timely.
• Award: 12,998 RSUs; reported price $0.00; reported total value $0.
• Vesting: The RSUs “vest in full and all restrictions lapse one year from the Grant Date” (vesting date: 2027-03-09) (Footnote F2).
• Footnote F1: RSUs have no value until restrictions lapse on the final vesting date.
• Shares owned after the transaction: Not specified in the provided data.
• Transaction type: Derivative award (A) — this is compensation, not an open-market trade.

Context
Restricted stock units are promises to deliver shares (or cash equivalent) when vesting conditions are met. Because these RSUs do not vest until 2027-03-09, they do not represent immediately tradeable stock or realized proceeds today. Awards are common for directors and executives as part of compensation and do not by themselves signal buying or selling intent.