DAVID C. ELDER - 28 Feb 2022 Form 4 Insider Report for Glatfelter Corp (MAGN)

Role
Vice Pres, Finance and CAO
Signature
/s/ Jill L. Urey, Attorney-in-fact
Issuer symbol
MAGN
Transactions as of
28 Feb 2022
Net transactions value
+$140,890
Form type
4
Filing time
02 Mar 2022, 14:20:05 UTC
Previous filing
23 Feb 2022
Next filing
13 May 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 $197,691 +14,388 +25% $13.74 72,300 28 Feb 2022 Direct
transaction GLT Common Stock, Par Value $.01 Tax liability $56,801 -4,134 -5.7% $13.74 68,166 28 Feb 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 -14,388 -62% $0.000000 8,877 28 Feb 2022 Common Stock, Par Value $.01 14,388 Direct F2, F3
transaction GLT Restricted Stock Units Award +1,377 +16% 10,254 28 Feb 2022 Common Stock, Par Value $.01 1,377 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