Magnera Executive Compensation (FY25)

Name: Magnera (MAGN) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

MAGN · Executive and director compensation, fiscal 2022 to 2025

Chief executive, fiscal 2025

◇

Curtis Begle

Latest say-on-pay support

March 9, 2026

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Data as of November 5, 2026Latest filing (8-K): March 12, 2026

11 filings cited on this page

Method: intel.velarion.ai/methodology

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218 figures on this page: 209 cited to the filing that reported them, 9 calculated from figures it prints. See the citations

Frequently asked questions

Answers drawn from the data on this page.

Who is Magnera's chief executive and what were they paid?

Curtis Begle, CEO, received $9,792,264 in total compensation for fiscal 2025.

What was Magnera's say-on-pay result?

For fiscal 2025, the say-on-pay proposal drew 99.2% support at the meeting held March 9, 2026.

Which companies are in Magnera's peer group?

The disclosed peer group includes AptarGroup, Inc., Avery Dennison Corporation, Clearwater Paper Corporation, Greif, Inc. and Louisiana-Pacific Corporation, among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Thomas Fahnemann President & Chief Executive Officer	◇	◇	◇	—	—	—	◇	◇
Christopher Astley Former Senior Vice President & Chief Commercial Officer	◇	—	◇	—	—	—	◇	◇
Wolfgang Laures Former Senior Vice President, Integrated Global Supply Chain & Information Technology	◇	—	◇	—	—	—	◇	◇
Ramesh Shettigar Senior Vice President, Chief Financial Officer and Treasurer	◇	—	◇	—	—	—	◇	◇
David Elder Vice President, Strategic Initiatives, Business Optimization & Chief Accounting Officer	◇	—	◇	—	—	◇	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Thomas Fahnemann President & Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
Christopher Astley Former Senior Vice President & Chief Commercial Officer Departed during or after this year	◇	—	◇	—	—	◇	◇	◇
Ramesh Shettigar Senior Vice President, Chief Financial Officer and Treasurer	◇	—	◇	—	◇	—	◇	◇
Wolfgang Laures Former Senior Vice President, Integrated Global Supply Chain & Information Technology Departed during or after this year	◇	—	◇	—	—	—	◇	◇
David Elder Vice President, Strategic Initiatives, Business Optimization & Chief Accounting Officer	◇	—	◇	—	◇	◇	◇	◇
Boris Illetschko Senior Vice President & Chief Operating Officer	◇	—	◇	—	◇	—	◇	◇
Eileen Beck Senior Vice President, Global Human Resources & Administration	◇	—	◇	—	◇	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Curtis Begle CEO	◇	◇	◇	—	◇	—	◇	◇
James Till CFO	◇	—	◇	—	◇	—	◇	◇
Tarun Manroa COO	◇	—	◇	—	◇	—	◇	◇
David Parks President, Americas	◇	◇	—	—	◇	—	◇	— not reconciled
Eileen Beck CHRO	◇	◇	—	—	◇	◇	◇	— not reconciled

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.

Fiscal 2025

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Curtis L. Begle	RSU	◇	—	—	◇	—	—	◇
Curtis L. Begle	PSU	◇	◇	◇	—	◇	—	◇
Curtis L. Begle	RSU	◇	—	—	◇	—	—	◇
David Parks	PSU	◇	◇	◇	—	◇	—	◇
David Parks	RSU	◇	—	—	◇	—	—	◇
David Parks	RSU	◇	—	—	◇	—	—	◇
Eileen L. Beck	PSU	◇	◇	◇	—	◇	—	◇
Eileen L. Beck	RSU	◇	—	—	◇	—	—	◇
Eileen L. Beck	RSU	◇	—	—	◇	—	—	◇
James Till	RSU	◇	—	—	◇	—	—	◇
James Till	PSU	◇	◇	◇	—	◇	—	◇
James Till	RSU	◇	—	—	◇	—	—	◇
Tarun Manroa	RSU	◇	—	—	◇	—	—	◇
Tarun Manroa	PSU	◇	◇	◇	—	◇	—	◇
Tarun Manroa	RSU	◇	—	—	◇	—	—	◇

Fiscal 2023 are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.

As disclosed at fiscal 2023 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Eileen Beck	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Kevin M. Fogarty	◇	◇	—	—	—	—	◇
C. Rick Rickertsen	◇	◇	—	—	—	—	◇
Bruce Brown	◇	◇	—	—	—	—	◇
Thomas E. Salmon	◇	◇	—	—	—	—	◇
Samantha J. Marnick	◇	◇	—	—	—	—	◇
Michael S. Curless	◇	◇	—	—	—	—	◇
Mary D. Hall	◇	◇	—	—	—	—	◇
Thomas M. Fahnemann	◇	◇	—	—	—	—	◇

Curtis L. Begle served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.

Board cash retainer	◇
Board equity retainer	◇
Total board retainer	◇
Board chair premium	◇
Audit committee chair	◇
Compensation committee chair	◇
Nominating and governance chair	◇

Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2025

AptarGroup, Inc. ATR
Avery Dennison Corporation AVY
Clearwater Paper Corporation CLW
Greif, Inc. GEF
Louisiana-Pacific Corporation LPX
Mercer International Inc. MERC
O-I Glass, Inc. OI
Packaging Corporation of America PKG
Pactiv Evergreen Inc. PTVE
Sealed Air Corporation SEE
Silgan Holdings Inc. SLGN
Sonoco Products Company SON
Sylvamo Corporation SLVM
TriMas Corporation TRS

Additional disclosed peer group

Curtis L. BegleCEO symbol not shown

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	March 9, 2026	=	◇	◇	◇
2023	May 10, 2024	=	◇	◇	◇
2022	May 5, 2023	=	◇	◇	◇
2020	May 6, 2021	=	◇	◇	◇
2019	May 7, 2020	=	◇	◇	◇
2018	May 9, 2019	=	◇	◇	◇
2017	May 3, 2018	=	◇	◇	◇
2016	May 4, 2017	=	◇	◇	◇
2015	May 5, 2016	=	◇	◇	◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”

- Curtis Begle (CEO), FY2025 total compensation $9,792,264 (base salary $910,000) [exec_comp, SEC accession 0001140361-26-001150, filed 2026-01-14]

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What this page does not include

Everything above is a fact Magnera disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Magnera sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

Executive Compensation Report — $500

Written compensation analysis

A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.

Executive Compensation Report — $500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

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Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

Velarion Intelligence

Adviser switching and vote outcomes

Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.

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Multiple companies at once

Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.

218 figures on this page: 209 cited to the filing that reported them, 9 calculated from figures it prints.

209 cited to the filing

9 calculated from the filing

Documents cited

8-K, filed March 12, 2026
0000041719-26-000037
Item 5.07 Submission of Matters to a Vote of Security Holders.
DEF 14A, filed January 14, 2026
0001140361-26-001150
2025 Grants of Plan-Based Awards · Director Compensation · SUMMARY COMPENSATION TABLE
8-K, filed May 14, 2024
0000041719-24-000020
Item 5.07 Submission of Matters to a Vote of Security Holders.
DEF 14A, filed March 26, 2024
0000041719-24-000013
Outstanding Equity Awards · Summary Compensation Table
8-K, filed May 5, 2023
0001193125-23-137089
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 6, 2021
0001564590-21-024898
Item 5.07. Submission of Matters to a Vote of Security Holders.
8-K, filed May 11, 2020
0001564590-20-024315
Item 5.07. Submission of Matters to a Vote of Security Holders.
8-K, filed May 10, 2019
0001564590-19-018346
Item 5.07. Submission of Matters to a Vote of Security Holders.
8-K, filed May 4, 2018
0001564590-18-010938
Item 5.07. Submission of Matters to a Vote of Security Holders
8-K, filed May 4, 2017
0001564590-17-008814
Item 5.07. Submission of Matters to a Vote of Security Holders
8-K, filed May 5, 2016
0001299933-16-002408
Item 5.07. Submission of Matters to a Vote of Security Holders

Cite this data

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Velarion, “Magnera executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MAGN (accessed 2026).

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The paid brief for Magnera

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

$500 for the Executive Compensation Report. Both reports for $900.

Get the executive brief Get the board briefNo account needed.

11 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

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Peers Magnera discloses

The companies named in MAGN's own disclosed peer group.

AptarGroup, Inc.Avery Dennison Corporation Clearwater Paper Corporation Greif, Inc.Louisiana-Pacific Corporation Mercer International Inc.O-I Glass, Inc.Packaging Corporation of America Sealed Air Corporation Silgan Holdings Inc.Sonoco Products Company Sylvamo Corporation TriMas Corporation

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data

APA

Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854

BibTeX

@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}

More on Magnera

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

What this page does not include

Citations

Documents cited

The paid brief for Magnera

Peers Magnera discloses

Terms on this page