David C. Elder - Feb 28, 2022 Form 4 Insider Report for Glatfelter Corp (GLT)

Role
Vice Pres, Finance and CAO
Signature
/s/ Jill L. Urey, Attorney-in-fact
Stock symbol
GLT
Transactions as of
Feb 28, 2022
Transactions value $
$140,890
Form type
4
Date filed
3/2/2022, 02:20 PM
Previous filing
Feb 23, 2022
Next filing
May 13, 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 $198K +14.4K +24.84% $13.74 72.3K Feb 28, 2022 Direct
transaction GLT Common Stock, Par Value $.01 Tax liability -$56.8K -4.13K -5.72% $13.74 68.2K Feb 28, 2022 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 Options Exercise $0 -14.4K -61.84% $0.00 8.88K Feb 28, 2022 Common Stock, Par Value $.01 14.4K Direct F2, F3
transaction GLT Restricted Stock Units Award +1.38K +15.51% 10.3K Feb 28, 2022 Common Stock, Par Value $.01 1.38K Direct F2, F3, F4, F5
* 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 This grant vests in full, and all restrictions lapse, three years from the Grant Date.
F4 These are dividend equivalents in the form of additional Restricted Stock Units ("RSUs") that have accrued on the 02/28/2019 RSU SET Retention Grant reported previously. The dividend equivalents are added to the initial grant at the time of payout.
F5 Not applicable to this transaction