Companies Magnera Corp
Magnera (GLT): executive pay, fiscal 2025
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CEO vs. named peers46th pct.Of 14 peer CEOs
CEO pay, last three years
- $9,792,264FY2025
CEO total pay was $9,792,264 in fiscal 2025; the brief holds no earlier figure for this CEO.
FY2025: salary $910,000 · bonus $750,000 · stock awards $7,274,307
Frequently asked questions
Who was the highest-paid executive at Magnera Corp in fiscal 2025?
As disclosed, Curtis Begle (CEO) was the highest-paid executive at Magnera Corp in fiscal 2025, with total compensation of $9,792,264.
How does Magnera Corp's chief executive pay compare to its disclosed peer group?
As disclosed, Curtis Begle's total compensation ranked at the 46th percentile of Magnera Corp's disclosed peer group.
What is Magnera Corp's CEO-to-median employee pay ratio?
As disclosed, Magnera Corp's CEO-to-median employee pay ratio was 232:1.
How much does Magnera Corp spend in total on board compensation for fiscal 2025?
As disclosed, Magnera Corp reported total board compensation of $2,543,703 for fiscal 2025.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Curtis Begle | $910,000 | $750,000 | $7,274,307 | — | $846,400 | — | $11,557 | $9,792,264 |
| CEO | ||||||||
| James Till | 524,116 | — | 2,006,309 | — | 365,010 | — | 12,170 | 2,907,605 |
| CFO | ||||||||
| Tarun Manroa | 502,308 | — | 1,629,722 | — | 349,140 | — | 11,239 | 2,492,408 |
| COO | ||||||||
| David Parks | 496,242 | 205,000 | 877,612 | — | 286,083 | — | 13,473 | 1,878,411 |
| President, Americas | ||||||||
| Eileen Beck | 391,413 | 185,000 | 877,612 | — | 228,528 | 1,000 | 30,877 | 1,714,430 |
| CHRO | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Curtis Begle | $9,792,264 | — | — | — |
| James Till | 2,907,605 | — | — | — |
| Tarun Manroa | 2,492,408 | — | — | — |
| David Parks | 1,878,411 | — | — | — |
| Eileen Beck | 1,714,430 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company's compensation philosophy targets total compensation at a reasonable range around the 50th percentile of its peer group, with a significant portion of pay tied to financial performance. The program is designed to align short- and long-term performance with shareholder expectations, rewarding management for strong financial results and driving shareholder value.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Meridian Compensation Partners, LLC |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Tarun Manroa | RSU | 2024-11-04 | — | — | 23,752 | — | $499,980 |
| David Parks | PSU | 2024-12-16 | 4,963 | 19,851 | — | 39,702 | 502,627 |
| David Parks | RSU | 2024-11-04 | — | — | 5,938 | — | 124,995 |
| David Parks | RSU | 2024-11-04 | — | — | 11,876 | — | 249,990 |
| James Till | RSU | 2024-11-04 | — | — | 14,251 | — | 299,984 |
| Eileen Beck | RSU | 2024-11-04 | — | — | 11,876 | — | 249,990 |
| Curtis Begle | RSU | 2024-11-04 | — | — | 71,258 | — | 1,499,981 |
| Tarun Manroa | RSU | 2024-11-04 | — | — | 10,688 | — | 224,982 |
| Curtis Begle | PSU | 2024-12-16 | 45,659 | 182,636 | — | 365,272 | 4,624,344 |
| Curtis Begle | RSU | 2024-11-04 | — | — | 54,631 | — | 1,149,983 |
| Eileen Beck | RSU | 2024-11-04 | — | — | 5,938 | — | 124,995 |
| Eileen Beck | PSU | 2024-12-16 | 4,963 | 19,851 | — | 39,702 | 502,627 |
| Tarun Manroa | PSU | 2024-12-16 | 8,933 | 35,733 | — | 71,466 | 904,760 |
| James Till | PSU | 2024-12-16 | 11,911 | 47,644 | — | 95,288 | 1,206,346 |
| James Till | RSU | 2024-11-04 | — | — | 23,752 | — | 499,980 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Tarun Manroa | $724,962 | $904,760 | $0 | 55.5% |
| David Parks | 374,985 | 502,627 | 0 | 57.3% |
| James Till | 799,964 | 1,206,346 | 0 | 60.1% |
| Eileen Beck | 374,985 | 502,627 | 0 | 57.3% |
| Curtis Begle | 2,649,964 | 4,624,344 | 0 | 63.6% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| David Parks | RSU | 17,814 | — | $196,488 |
| David Parks | PSU | 19,851 | — | 218,957 |
| Eileen Beck | PSU | 19,851 | — | 218,957 |
| Eileen Beck | RSU | 22,885 | — | 252,422 |
| David Parks | RSU | 34,440 | — | 379,873 |
| David Parks | PSU | 35,733 | — | 394,135 |
| James Till | RSU | 38,003 | — | 419,173 |
| James Till | PSU | 47,644 | — | 525,513 |
| James Till | RSU | 125,889 | — | 1,388,556 |
| James Till | PSU | 182,636 | — | 2,014,475 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Kevin M. FogartyIndependent · Board Chair · Compensation | $230,000 | $199,996 | — | — | — | $429,996 |
| C. Rick RickertsenIndependent · Audit (Chair) · Compensation | 125,000 | 199,996 | — | — | — | 324,996 |
| Bruce BrownIndependent · Compensation (Chair) · Nominating & Corporate Governance | 120,000 | 199,996 | — | — | — | 319,996 |
| Thomas E. SalmonIndependent · Audit · Nominating & Corporate Governance (Chair) | 118,750 | 199,996 | — | — | — | 318,746 |
| Mary D. HallIndependent · Audit | 100,000 | 199,996 | — | — | — | 299,996 |
| Michael S. CurlessIndependent · Audit · Nominating & Corporate Governance | 100,000 | 199,996 | — | — | — | 299,996 |
| Samantha J. MarnickIndependent · Compensation · Nominating & Corporate Governance | 100,000 | 199,996 | — | — | — | 299,996 |
| Thomas M. FahnemannNot independent | 100,000 | 149,981 | — | — | — | 249,981 |
Board fee structure and ownership guideline
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | $150,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 20,000 / 18,750 |
| Stock ownership guideline | $500,000 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $993,750 |
| Equity awards (grant-date value) | $1,549,953 |
| All other compensation | $0 |
| Total cost of the board | $2,543,703 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Magnera as a peer
Companies that benchmark against GLT
No companies currently name GLT as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
ATR AptarGroup, Inc.PKG Packaging Corporation of AmericaAVY Avery Dennison CorporationPTVE Pactiv Evergreen Inc.CLW Clearwater Paper CorporationSEE Sealed Air CorporationGEF Greif, Inc.SLGN Silgan Holdings Inc.LPX Louisiana-Pacific CorporationSON Sonoco Products CompanyMERC Mercer International Inc.SLVM Sylvamo CorporationOI O-I Glass, Inc.TRS TriMas Corporation
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Packaging Corporation of America | 2025 | Mark Kowlzan | $1,539,396 | $11,484,123 | $0 | $3,100,700 | $16,992,255 |
| 2 | Louisiana-Pacific Corporation | 2025 | W. Bradley Southern | 1,196,154 | 9,850,253 | 0 | 2,173,021 | 13,523,822 |
| 3 | Sealed Air Corporation | 2024 | Patrick Kivits | 550,000 | 8,644,012 | 0 | 0 | 12,820,613 |
| 4 | Silgan Holdings Inc. | 2025 | Adam Greenlee | 1,155,660 | 9,487,800 | 0 | 1,444,575 | 12,229,234 |
| 5 | TriMas Corporation | 2025 | Thomas J. Snyder | 415,385 | 4,249,999 | 6,707,644 | 0 | 12,128,864 |
| 6 | O-I Glass, Inc. | 2025 | Gordon Hardie | 1,200,000 | 8,138,139 | — | 1,976,400 | 11,462,530 |
| 7 | AptarGroup, Inc. | 2025 | Stephan Tanda | 1,175,000 | 6,096,670 | 1,681,509 | 518,433 | 10,226,911 |
| 8 | Sonoco Products Company | 2025 | R. Howard Coker | 1,248,156 | 6,872,022 | 0 | 1,512,728 | 10,142,078 |
| 9 | Magnera Corp | 2025 | Curtis Begle | 910,000 | 7,274,307 | — | 846,400 | 9,792,264 |
| 10 | Avery Dennison Corporation | 2025 | Deon Stander | 1,136,538 | 7,649,430 | 0 | 605,475 | 9,538,375 |
| 11 | Greif, Inc. | 2025 | Ole Rosgaard | 1,042,308 | 6,121,850 | 0 | 1,964,211 | 9,439,962 |
| 12 | Clearwater Paper Corporation | 2025 | Arsen Kitch | 1,000,000 | 3,107,277 | 0 | 937,500 | 5,201,341 |
| 13 | Mercer International Inc. | 2025 | Juan Carlos Bueno | 815,512 | 1,503,665 | 0 | 0 | 2,860,261 |
| — | Pactiv Evergreen Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Sylvamo Corporation | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Magnera Corp | not disclosed | PSU 75 · RSU 25 | not disclosed | Meridian Compensation Partners, LLC |
| AptarGroup, Inc. | 67.9% | PSU 50 · RSU 25 · Options 25 | No | Pay Governance LLC |
| Avery Dennison Corporation | 39% | PSU 100 | Yes — Relative TSR | Willis Towers Watson (WTW) and Semler Brossy |
| Clearwater Paper Corporation | not disclosed | PSU 60 · RSU 40 | not disclosed | Semler Brossy |
| Greif, Inc. | not disclosed | PSU 70 · RSU 30 | not disclosed | Willis Towers Watson |
| Louisiana-Pacific Corporation | 135% | PSU 60 · RSU 40 | No | FW Cook |
| Mercer International Inc. | not disclosed | PSU 100 | not disclosed | MCL |
| O-I Glass, Inc. | not disclosed | PSU 60 · RSU 40 | not disclosed | Pay Governance |
| Packaging Corporation of America | not disclosed | MSU 34 · RSU 33 · PSU 33 | Yes — TSR | FW Cook |
| Pactiv Evergreen Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Sealed Air Corporation | 122.1% | PSU 50 · RSU 50 | No | Pearl Meyer & Partners LLC |
| Silgan Holdings Inc. | 125% | RSU 100 | not disclosed | not disclosed |
| Sonoco Products Company | not disclosed | PRSU 60 · RSU 40 | not disclosed | FW Cook |
| Sylvamo Corporation | 26.9% | PSU 60 · RSU 40 | Yes — Relative Total Shareholder Return (rTSR) | Frederic W. Cook & Co., Inc. |
| TriMas Corporation | 200% | Options 65 · RSU 35 | No | Meridian Compensation Partners |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
No say-on-pay vote is on file for this company.
CEO pay ratio
| Ratio (CEO : median employee) | 232 : 1 |
|---|---|
| CEO total compensation | $9,792,264 |
| Median employee compensation | $42,258 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (44 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Curtis Begle. DEF 14A, filed 2026-01-14. Section “SUMMARY COMPENSATION TABLE” · page 45. As printed: 9,792,264. View filing ↗
- Section 01, James Till. DEF 14A, filed 2026-01-14. Section “SUMMARY COMPENSATION TABLE” · page 45. As printed: 2,907,605. View filing ↗
- Section 01, Tarun Manroa. DEF 14A, filed 2026-01-14. Section “SUMMARY COMPENSATION TABLE” · page 45. As printed: 2,492,408. View filing ↗
- Section 01, David Parks. DEF 14A, filed 2026-01-14. Section “SUMMARY COMPENSATION TABLE” · page 45. As printed: 1,878,411. View filing ↗
- Section 01, Eileen Beck. DEF 14A, filed 2026-01-14. Section “SUMMARY COMPENSATION TABLE” · page 45. As printed: 1,714,430. View filing ↗
- Section 03, Tarun Manroa RSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, David Parks PSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, David Parks RSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, David Parks RSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, James Till RSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Eileen Beck RSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Curtis Begle RSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Tarun Manroa RSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Curtis Begle PSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Curtis Begle RSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Eileen Beck RSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Eileen Beck PSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Tarun Manroa PSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, James Till PSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, James Till RSU. DEF 14A, filed 2026-01-14. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-01-14. Section “CEO Pay Ratio”. As printed: 232 : 1. View filing ↗
- Section 08, Kevin M. Fogarty. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 429,996. View filing ↗
- Section 08, C. Rick Rickertsen. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 324,996. View filing ↗
- Section 08, Bruce Brown. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 319,996. View filing ↗
- Section 08, Thomas E. Salmon. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 318,746. View filing ↗
- Section 08, Mary D. Hall. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 299,996. View filing ↗
- Section 08, Michael S. Curless. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 299,996. View filing ↗
- Section 08, Samantha J. Marnick. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 299,996. View filing ↗
- Section 08, Thomas M. Fahnemann. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 249,981. View filing ↗
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 993,750 + equity 1,549,953 + all other 0 = 2,543,703, summed across the director compensation table rows.
- Packaging Corporation of America, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Packaging Corporation of America's own proxy. As printed: 16,992,255. View filing ↗
- Louisiana-Pacific Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Louisiana-Pacific Corporation's own proxy. As printed: 13,523,822. View filing ↗
- Sealed Air Corporation, Section 10b CEO total. DEF 14A, filed 2025-04-17. CEO total compensation as printed in Sealed Air Corporation's own proxy. As printed: 12,820,613. View filing ↗
- Silgan Holdings Inc., Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in Silgan Holdings Inc.'s own proxy. As printed: 12,229,234. View filing ↗
- TriMas Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in TriMas Corporation's own proxy. As printed: 12,128,864. View filing ↗
- O-I Glass, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in O-I Glass, Inc.'s own proxy. As printed: 11,462,530. View filing ↗
- AptarGroup, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in AptarGroup, Inc.'s own proxy. As printed: 10,226,911. View filing ↗
- Sonoco Products Company, Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in Sonoco Products Company's own proxy. As printed: 10,142,078. View filing ↗
- Magnera Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-01-14. CEO total compensation as printed in Magnera Corp's own proxy. As printed: 9,792,264. View filing ↗
- Avery Dennison Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Avery Dennison Corporation's own proxy. As printed: 9,538,375. View filing ↗
- Greif, Inc., Section 10b CEO total. DEF 14A, filed 2026-01-09. CEO total compensation as printed in Greif, Inc.'s own proxy. As printed: 9,439,962. View filing ↗
- Clearwater Paper Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Clearwater Paper Corporation's own proxy. As printed: 5,201,341. View filing ↗
- Mercer International Inc., Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in Mercer International Inc.'s own proxy. As printed: 2,860,261. View filing ↗