David C. Elder - 18 Feb 2022 Form 4 Insider Report for Glatfelter Corp (MAGN)

Signature
/s/ Jill L. Urey, Attorney-in-fact
Issuer symbol
MAGN
Transactions as of
18 Feb 2022
Net transactions value
+$69,674
Form type
4
Filing time
23 Feb 2022, 09:24:40 UTC
Previous filing
09 Feb 2022
Next filing
02 Mar 2022

Key filing fact

David C. Elder filed Form 4 for Glatfelter Corp (MAGN) on 23 Feb 2022.

Key facts

  • This page summarizes David C. Elder's Form 4 filing for Glatfelter Corp (MAGN).
  • 5 reported transactions and 3 derivative rows are listed below.
  • Filing timestamp: 23 Feb 2022, 09:24.

Change

  • Previous filing in this sequence was filed on 09 Feb 2022.
  • Current net transaction value: +$69,674.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported transactions

GLT transaction

Common Stock, Par Value $.01

Options Exercise

Transaction value
$99,249
Shares
+7,064
Change %
+13%
Price
$14.05
Shares after
60,017
Date
21 Feb 2022
Ownership
Direct
Footnotes
F1
GLT transaction

Common Stock, Par Value $.01

Tax liability

Transaction value
$29,575
Shares
-2,105
Change %
-3.5%
Price
$14.05
Shares after
57,912
Date
21 Feb 2022
Ownership
Direct
Footnotes
F2, F3

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

GLT transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares
+676
Change %
+11%
Price
Shares after
7,064
Date
21 Feb 2022
Ownership
Direct
Underlying class
Common Stock, Par Value $.01
Underlying amount
676
Exercise price
Footnotes
F4, F5, F6
GLT transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-7,064
Change %
-100%
Price
Shares after
0
Date
21 Feb 2022
Ownership
Direct
Underlying class
Common Stock, Par Value $.01
Underlying amount
7,064
Exercise price
Footnotes
F1, F4
GLT transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+7,117
Change %
Price
$0.000000
Shares after
7,117
Date
18 Feb 2022
Ownership
Direct
Underlying class
Common Stock, Par Value $.01
Underlying amount
7,117
Exercise price
Footnotes
F4, F7
An asterisk next to the price means the reported 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 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.
F6 Not applicable to this transaction
F7 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.
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