Wolfgang Laures - 18 Feb 2023 Form 4 Insider Report for Glatfelter Corp (MAGN)

Role
SVP, IGSC and IT
Signature
/s/ Jill L. Urey, Attorney-in-fact
Issuer symbol
MAGN
Transactions as of
18 Feb 2023
Net transactions value
+$24,579
Form type
4
Filing time
23 Feb 2023, 10:44:29 UTC
Previous filing
09 Feb 2023
Next filing
23 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 $25,957 +6,425 +24% $4.04 33,349 18 Feb 2023 Direct F1
transaction GLT Common Stock, Par Value $.01 Tax liability $1,378 -341 -1% $4.04 33,008 18 Feb 2023 Direct F1, F2

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 +218 +1.7% $0.000000 12,848 18 Feb 2023 Common Stock, Par Value $.01 218 Direct F3, F4, F5, F6
transaction GLT Restricted Stock Units Options Exercise $0 -6,425 -34% $0.000000 12,412 18 Feb 2023 Common Stock, Par Value $.01 6,425 Direct F3, F5
* 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 Saturday, February 18, 2023, the value of the shares was determined using the closing price of the previous business day Friday, February 17, 2023.
F2 These shares are being withheld to satisfy tax obligations.
F3 Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.
F4 These are dividend equivalents in the form of additional Restricted Stock Units ("RSUs") that have accrued on the 02/18/2022 RSU Grant reported previously. The dividend equivalents are added to the initial grant at the time of payout.
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 Not applicable to this transaction

Remarks:

This Form 4 should have been filed by February 22, 2023.