Related Party Transactions |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MAGNERA CORPORATION 401(K) SAVINGS PLAN [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions | Note 6 - Related Party Transactions The Plan provides
participants the election of an investment in Magnera Corporation’s common
stock through the Stock Fund, a unitized company stock
fund. As of December 31, 2025 and 2024, the Plan held common stock issued by
the Company as follows:
For the years
ended December 31, 2025 and 2024, recordkeeping and investment management fees
were netted against net depreciation/appreciation in the Statements of Changes
in Net Assets Available for Benefits. The following table sets forth
information related to the Plan's investments in the Stock Fund.
Assets held in this fund are expressed in terms of units and not
shares of stock. Each unit represents a proportionate interest in all of the
assets of this fund. The value of each participant's account is determined each
business day by the number of units to the participant's credit, multiplied by
the current unit value. The return on the participant's investment is based on
the value of units, which, in turn, is determined by the market price of
Magnera Corporation common stock and by the interest earned on a percentage of
the fund's market value held in a money market fund. Magnera Corporation common
stock held by the Plan as of the end of 2025 and 2024 had a market value of
$124,570 and $210,593, respectively, invested in the Stock Fund. A percentage
of the total market value of the Stock Fund is held in a money market
fund to facilitate daily participant trading. Certain
investments in the Plan are in shares of mutual funds and a money market fund
that are managed by Fidelity Management Company, the trustee of the Plan. In addition, the Plan issues notes receivable to participants,
which are secured by up to 50% of the balances in the respective participants' accounts. The above related-party transactions
qualify as party-in-interest transactions. All other transactions which may be
considered party-in-interest transactions relate to normal Plan management and
administrative services, and the related payment of fees. Purchases
made by the Plan for the investment in the Company’s common stock amounted to
$0 and $10 for the years ended December 31, 2025 and 2024, respectively.
Sales made by the Plan for the investment in the Company’s common stock
amounted to $43,581 and $38,656 for the years ended December 31, 2025 and
2024, respectively. On
December 14, 2022, the Compensation Committee approved an amendment to the Plan
whereby, effective as of January 17, 2023, the Stock Fund was frozen to new contributions and
participation.
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