Curless Michael S 4

What Happened

• Michael S. Curless, a director of Magnera Corp (MAGN), received a grant of 12,998 restricted stock units (RSUs) on 2026-03-09. The RSUs are reported as a derivative award at $0.00 per share (total reported value $0) because they carry restrictions until vesting. This is an award (code A) — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-10 (timely).
• Security: 12,998 RSUs (derivative award), reported acquisition price $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — RSUs have no value until all restrictions lapse on the final vesting date. F2 — This director grant vests in full and all restrictions lapse one year from the grant date.
• Filing status: Timely (filed the day after the grant); no 10b5-1 plan or tax-withholding notes reported.

Context

• RSUs are a form of compensation that convert to actual shares only when restrictions lapse (vesting). Because this award vests in one year, there is no immediate marketable value and the director cannot sell these units until they convert to common stock.
• Director grants are common as compensation for board service; they are informational but do not by themselves signal a purchase or sale by the insider.