CompBrief BY VELARION

Companies Magnera Corp

Magnera (MAGN): executive pay, fiscal 2025

Free brief. Every figure links to the company’s own filing.

Velarion Intel: free for 3 days, no card →

Email me Magnera Corp’s executive pay brief as a PDF

You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.

After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.

Also free: The Pay Desk, the weekly executive pay briefing.
CEO total pay$9,792,264CEO Curtis Begle · source
Say-on-pay support99.21%Latest vote · source
CEO vs. named peers46th pct.Of 15 peer CEOs
CEO pay ratio64:1To the median employee · source

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

Executives and directors

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 64:1.
How did shareholders vote on Magnera Corp's executive compensation?
As disclosed, 99.21% of shareholders supported Magnera Corp's executive compensation in the latest say-on-pay vote.
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 officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Curtis Begle$910,000$750,000$7,274,307—$846,400—$11,557$9,792,264
CEO
James Till524,116—2,006,309—365,010—12,1702,907,605
CFO
Tarun Manroa502,308—1,629,722—349,140—11,2392,492,408
COO
David Parks496,242205,000——286,083—13,4731,878,411
President, Americas
Eileen Beck391,413185,000——228,5281,00030,8771,714,430
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Curtis Begle$9,792,264———
James Till2,907,605———
Tarun Manroa2,492,408———
David Parks1,878,411———
Eileen Beck1,714,430—611,918—

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

Compensation should reflect the Company's financial performance and be competitive based on a person's responsibilities, individual performance, and ability to exemplify the Company's purpose, promise, and beliefs. Total compensation is targeted at a reasonable range around the 50th percentile of the peer group.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners LLC
Clawback policytrue
Anti-hedging—
Anti-pledging—
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Eileen BeckPSU2024-12-164,96319,851—39,702$502,627
David ParksPSU2024-12-164,96319,851—39,702502,627
James TillRSU2024-11-04——14,251—299,984
Tarun ManroaRSU2024-11-04——23,752—499,980
David ParksRSU2024-11-04——5,938—124,995
David ParksRSU2024-11-04——11,876—249,990
Curtis BegleRSU2024-11-04——71,258—1,499,981
James TillPSU2024-12-1611,91147,644—95,2881,206,346
Curtis BeglePSU2024-12-1645,659182,636—365,2724,624,344
Tarun ManroaPSU2024-12-168,93335,733—71,466904,760
Curtis BegleRSU2024-11-04——54,631—1,149,983
Eileen BeckRSU2024-11-04——5,938—124,995
Eileen BeckRSU2024-11-04——11,876—249,990
James TillRSU2024-11-04——23,752—499,980
Tarun ManroaRSU2024-11-04——10,688—224,982

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Eileen Beck$374,985$502,627$057.3%
David Parks374,985502,627057.3%
James Till799,9641,206,346060.1%
Tarun Manroa724,962904,760055.5%
Curtis Begle2,649,9644,624,344063.6%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

No outstanding equity awards are on file for this fiscal year.

Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Kevin M. FogartyIndependent · Compensation$230,000$199,996———$429,996
C. Rick RickertsenIndependent · Audit · Compensation125,000199,996———324,996
Bruce BrownIndependent · Compensation · Nominating/Governance120,000199,996———319,996
Thomas E. SalmonIndependent · Audit · Nominating/Governance118,750199,996———318,746
Samantha J. MarnickIndependent · Compensation · Nominating/Governance · Nom & Corp Gov100,000199,996———299,996
Mary D. HallIndependent · Audit100,000199,996———299,996
Michael S. CurlessIndependent · Audit · Nominating/Governance · Nom & Corp Gov100,000199,996———299,996
Thomas M. FahnemannNot independent100,000149,981———249,981
Curtis L. BegleEmployee director—————0

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$5

Total cost of the board

ComponentFY2025
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 MAGN

2 companies name MAGN as a compensation peer

Each company listed discloses MAGN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MAGN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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.

Peer reciprocity

The companies Magnera Corp names as compensation peers that name it back in their own disclosed peer groups.

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Packaging Corporation of America2025Mark Kowlzan$1,539,396$11,484,123$0$3,100,700$16,992,255
2Sealed Air Corporation2024Patrick Kivits550,0008,644,0120012,820,613
3Silgan Holdings Inc.2025Adam Greenlee1,155,6609,487,80001,444,57512,229,234
4TriMas Corporation2025Thomas J. Snyder415,3854,249,9996,707,644012,128,864
5O-I Glass, Inc.2025Gordon Hardie1,200,0008,138,139—1,976,40011,462,530
6AptarGroup, Inc.2025Stephan Tanda1,175,0006,096,6701,681,509518,43310,226,911
7Sonoco Products Company2025R. Howard Coker1,248,1566,872,02201,512,72810,142,078
8Magnera Corp2025Curtis Begle910,0007,274,307—846,4009,792,264
9Avery Dennison Corporation2025Deon Stander1,136,5387,649,4300605,4759,538,375
10Greif, Inc.2025Ole Rosgaard1,042,3086,121,85001,964,2119,439,962
11Sylvamo Corporation2025Jean-Michel Ribiéras1,166,6675,445,2750395,1007,685,872
12Louisiana-Pacific Corporation2025Jason Ringblom737,2173,434,27801,040,1225,393,288
13Clearwater Paper Corporation2025Arsen Kitch1,000,0003,107,2770937,5005,201,341
14Mercer International Inc.2025Juan Carlos Bueno815,5121,503,665002,860,261
—Pactiv Evergreen Inc.——————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

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Magnera Corpnot disclosednot disclosednot disclosedMeridian Compensation Partners LLC
AptarGroup, Inc.67.9%PSU 50 · RSU 25 · Options 25NoPay Governance LLC
Avery Dennison Corporation39%PSU 100Yes — Relative TSRWillis Towers Watson (WTW) and Semler Brossy
Clearwater Paper Corporationnot disclosedPSU 60 · RSU 40not disclosedSemler Brossy
Greif, Inc.not disclosedPSU 70 · RSU 30not disclosedWillis Towers Watson
Louisiana-Pacific Corporation135%PSU 60 · RSU 40NoFW Cook
Mercer International Inc.not disclosedPSU 100not disclosedMCL
O-I Glass, Inc.not disclosedPSU 60 · RSU 40not disclosedPay Governance
Packaging Corporation of Americanot disclosedMSU 34 · RSU 33 · PSU 33Yes — TSRFW Cook
Pactiv Evergreen Inc.not disclosednot disclosednot disclosednot disclosed
Sealed Air Corporation122.1%PSU 50 · RSU 50NoPearl Meyer & Partners LLC
Silgan Holdings Inc.125%RSU 100not disclosednot disclosed
Sonoco Products Companynot disclosedPRSU 60 · RSU 40not disclosedFW Cook
Sylvamo Corporation26.9%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (rTSR)Frederic W. Cook & Co., Inc.
TriMas Corporation200%Options 65 · RSU 35NoMeridian 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
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-03-0926,948,106213,2817,19099.21%Passed
20242024-05-1030,852,5101,784,680156,04294.53%Passed
20232023-05-0527,672,1543,753,724101,16888.06%Passed
20212021-05-0638,979,313784,21266,34798.03%Passed
20202020-05-0737,660,9942,290,04097,73794.27%Passed
20192019-05-0939,081,023589,96278,96098.51%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-03-0999.21%a
20242024-05-1094.53%b
20232023-05-0588.06%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Majority of Votes Cast | Abstentions: No effect”.

c. Approved under the standard stated in the filing — “Majority of Votes Cast | Abstentions: No effect”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)64 : 1
CEO total compensation—
Median employee compensation—
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (51 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, 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, 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, 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, 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 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, 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, 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, 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, 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, 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 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, 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 07, pay ratio. DEF 14A, filed 2024-03-26. Section “CEO Pay Ratio”. As printed: 64 : 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, Samantha J. Marnick. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 299,996. 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, Thomas M. Fahnemann. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 249,981. View filing ↗
  • Section 08, Curtis L. Begle. DEF 14A, filed 2026-01-14. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-03-12. Item 5.07 · say-on-pay result. As reported: 99.21% (votes for as printed: 26,948,106). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-14. Item 5.07 · say-on-pay result. As reported: 94.53% (votes for as printed: 30,852,510). View filing ↗
  • Section 06, 2023 vote. Form 8-K, filed 2023-05-05. Item 5.07 · say-on-pay result. As reported: 88.06% (votes for as printed: 27,672,154). 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 ↗
  • 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 ↗
  • Sylvamo Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Sylvamo Corporation's own proxy. As printed: 7,685,872. 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: 5,393,288. 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 ↗
  • Section 10a, Packaging Corporation of America reciprocity. DEF 14A. Packaging Corporation of America names Magnera Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Mercer International Inc. reciprocity. DEF 14A. Mercer International Inc. names Magnera Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
Get the full report — $500