Form 4: Magnera Corp Director Kevin Fogarty Reports Transactions in Company Stock
SEC Form 4 Filing
Director Kevin Fogarty reports acquisition of common stock and vesting of restricted stock units in Magnera Corp.
Summary
- Kevin Fogarty, a director of Magnera Corp, filed a Form 4 disclosing transactions in the company's stock.
- On May 10, 2025, 5,427 shares of common stock were acquired at $14.12 per share due to the vesting of restricted stock units.
- On May 12, 2025, 20,000 shares were purchased at a weighted average price of $15.1474, with prices ranging from $14.885 to $15.39.
- Following these transactions, Fogarty directly owns 12,813 shares and indirectly owns 31,538 shares through GBBH Family Limited Partnership.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports transactions without expressing any particular opinion or outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the director's ongoing investment in the company.
Stakeholder Impact
- The transactions may provide stakeholders with insights into the director's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 2024/11/04 | Effective date of 1-for-13 reverse stock split. |
| 2025/02/12 | Date of Power of Attorney execution. |
| 2025/05/09 | Closing price used for share valuation due to payout on a Saturday. |
| 2025/05/10 | Date of restricted stock units vesting and acquisition of 5,427 shares. |
| 2025/05/12 | Date of purchase of 20,000 shares at a weighted average price of $15.1474. |
Keywords
Form 4, Magnera Corp, Kevin Fogarty, Stock Transactions, Director, Beneficial Ownership, Restricted Stock Units, Common Stock, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.