Form 4: Magnera Corp Executive Eileen Beck Reports Stock Transactions
SEC Form 4
Eileen Beck, EVP and Chief HR Officer of Magnera Corp, reports the acquisition and disposal of common stock and restricted stock units on February 18, 2025.
Summary
- On February 18, 2025, Eileen Beck, EVP and Chief HR Officer of Magnera Corp, reported transactions involving Magnera Corp's common stock and restricted stock units (RSUs).
- Beck acquired 188 shares of common stock through the vesting of restricted stock units at a price of $22.49 per share.
- She also disposed of 65 shares to satisfy tax obligations related to the vesting of the RSUs, also at $22.49 per share.
- Additionally, Beck acquired 6 RSUs representing dividend equivalents on a previous RSU grant from February 18, 2022.
- Following these transactions, Beck directly owns 6,549 shares of common stock and holds RSUs representing 188 shares.
- A 1-for-13 reverse stock split was effective on November 4, 2024, which adjusted the number of securities underlying the awards.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects standard insider transactions related to compensation and tax obligations, with no indication of unusual activity.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their sentiment towards the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are routine and do not significantly alter the ownership structure of the company.
Key Dates
| Date | Description |
|---|---|
| 02/18/2022 | Date of original RSU grant on which dividend equivalents accrued. |
| 02/18/2023 | First vesting date (one-third) of the 2022 RSU LTIP grant. |
| 02/18/2024 | Second vesting date (one-third) of the 2022 RSU LTIP grant. |
| 11/04/2024 | Effective date of the 1-for-13 reverse stock split. |
| 02/18/2025 | Date of reported transactions: RSU vesting, tax obligation fulfillment, and dividend equivalent acquisition. |
| 02/18/2025 | Final vesting date (one-third) of the 2022 RSU LTIP grant. |
| 02/19/2025 | Date of filing the Form 4. |
Keywords
Form 4, Magnera Corp, Eileen Beck, Stock Transactions, Restricted Stock Units, RSU, Insider Trading, SEC Filing
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