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

Role
SVP, CFO
Signature
Laura A. Jones, attorney-in-fact
Issuer symbol
MAGN
Transactions as of
20 Dec 2021
Net transactions value
+$384,908
Form type
4
Filing time
21 Dec 2021, 10:46:58 UTC
Next filing
09 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLT Common Stock, Par Value $.01 Options Exercise $566,440 +34,539 +161% $16.40* 55,945 20 Dec 2021 Direct
transaction GLT Common Stock, Par Value $.01 Tax liability $181,532 -11,069 -20% $16.40* 44,876 20 Dec 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 +3,369 +11% 34,539 20 Dec 2021 Common Stock, Par Value $.01 3,369 Direct F2, F3, F4, F5
transaction GLT Restricted Stock Units Options Exercise $0 -34,539 -100% $0.000000* 0 20 Dec 2021 Common Stock, Par Value $.01 34,539 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