Magnera (MAGN) Director Carl Rickertsen Receives Award

What Happened
Carl J. Rickertsen, a director of Magnera Corp (MAGN), was granted 12,998 restricted stock units (RSUs) on 2026-03-09. The reported acquisition price is $0.00, and the award is recorded as a derivative grant with no immediate cash value until restrictions lapse. Per the filing, the RSUs vest in full and all restrictions lapse one year from the grant date.

Key Details

• Transaction date: 2026-03-09 (reported on Form 4 filed 2026-03-10)
• Transaction type/code: Award/Grant (A) of 12,998 RSUs at $0.00 (derivative)
• Reported value: $0 at grant (RSUs have no intrinsic value until vested)
• Vesting: Grant vests in full and restrictions lapse one year from grant date (see footnote)
• Shares owned after transaction: Not disclosed in the filing
• Filing timeliness: Filed next day (appears timely); no late-report flag noted

Context
RSUs are compensation awards that convert to actual shares only after vesting and any restriction lapse; they are not an open-market purchase or sale and therefore do not directly signal immediate insider buying or selling. Director awards are commonly part of regular compensation. This transaction should be viewed as a grant of future shares under Magnera’s compensation plan, not an immediate change in market holdings.