Thomas Fahnemann - 24 Aug 2022 Form 4 Insider Report for Glatfelter Corp (MAGN)

Role: CEO, Director
Signature: /s/ Jill L. Urey, Attorney-in-fact
Issuer symbol: MAGN
Transactions as of: 24 Aug 2022
Net transactions value: $0
Form type: 4
Filing time: 25 Aug 2022, 18:03:13 UTC
Next filing: 07 Sep 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	Award	$0	+240,000		$0.000000	240,000	24 Aug 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
holding	GLT	Performance Stock Award						360,000	24 Aug 2022	Common Stock, Par Value $.01	360,000	$0.000000	Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	Pursuant to Restricted Stock Units that will vest, subject to the individual's continued employment with Glatfelter Corporation (the "Company"), in two equal annual installments beginning on August 24, 2024.
F2	Not applicable to this transaction
F3	This is a PSA with a performance period of 8/24/2022-8/24/2025; 50% of the PSA will be earned if the Company's stock price reaches $10 and is maintained for 20 consecutive trading days throughout the performance period and 50% of the PSA will be earned if the Company's stock price reaches $18 for 20 consecutive trading days throughout the performance period.
F4	Performance Share Award ("PSA") amount reflects a target number. Actual payout will range from 0% to 100% of target subject to attainment of performance goals.