Samuel L. Hillard - Dec 20, 2021 Form 4 Insider Report for Glatfelter Corp (GLT)

Role
SVP, CFO
Signature
Laura A. Jones, attorney-in-fact
Stock symbol
GLT
Transactions as of
Dec 20, 2021
Transactions value $
$384,908
Form type
4
Date filed
12/21/2021, 10:46 AM
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLT Common Stock, Par Value $.01 Options Exercise $566K +34.5K +161.35% $16.40* 55.9K Dec 20, 2021 Direct
transaction GLT Common Stock, Par Value $.01 Tax liability -$182K -11.1K -19.79% $16.40* 44.9K Dec 20, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GLT Restricted Stock Units Award +3.37K +10.81% 34.5K Dec 20, 2021 Common Stock, Par Value $.01 3.37K Direct F2, F3, F4, F5
transaction GLT Restricted Stock Units Options Exercise $0 -34.5K -100% $0.00* 0 Dec 20, 2021 Common Stock, Par Value $.01 34.5K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are being withheld to satisfy tax obligations.
F2 Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.
F3 These are dividend equivalents in the form of additional Restricted Stock Units ("RSUs") that have accrued on the 12/20/2018 RSU Grant reported previously. The dividend equivalents are added to the initial grant at the time of payout.
F4 This grant vests in full, and all restrictions lapse, three years from the Grant Date.
F5 Not applicable to this transaction