Jill L. Urey - 18 Feb 2022 Form 4 Insider Report for Glatfelter Corp (MAGN)

Role: VP, Deputy GC & Corp Secretary
Signature: /s/ Samuel L. Hillard, attorney-in-fact
Issuer symbol: MAGN
Transactions as of: 18 Feb 2022
Net transactions value: +$16,003
Form type: 4
Filing time: 23 Feb 2022, 08:56:00 UTC
Previous filing: 09 Feb 2022
Next filing: 09 Feb 2023
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	$24,250	+1,726	+43%	$14.05^*	5,710	21 Feb 2022	Direct	F1
transaction	GLT	Common Stock, Par Value $.01	Tax liability	$8,247	-587	-10%	$14.05^*	5,123	21 Feb 2022	Direct	F2, F3

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	$0	+2,847		$0.000000	2,847	18 Feb 2022	Common Stock, Par Value $.01	2,847		Direct	F4, F5
transaction	GLT	Restricted Stock Units	Award		+165	+11%		1,726	21 Feb 2022	Common Stock, Par Value $.01	165		Direct	F4, F6, F7
transaction	GLT	Restricted Stock Units	Options Exercise		-1,726	-100%		0	21 Feb 2022	Common Stock, Par Value $.01	1,726		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Because the payout occurred on a federal holiday (Monday, February 21, 2022), the value of the shares was determined using the closing price of the previous business day (Friday, February 18, 2022).
F2	These shares are being withheld to satisfy tax obligations.
F3	Because the payout occurred on a federal holiday (Monday, February 21, 2022), the value of the shares was determined using the closing price of the previous business day (Friday, February 18, 2022).
F4	Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.
F5	This RSU grant vests one-third on 2/18/2023, one-third on 2/18/2024 and the final one-third vests, and all restrictions lapse, on 2/18/2025.
F6	These are dividend equivalents in the form of additional Restricted Stock Units ("RSUs") that have accrued on the 2/21/2019 RSU Grant reported previously. The dividend equivalents are added to the initial grant at the time of payout.
F7	Not applicable to this transaction