DAVID C. ELDER - 21 Feb 2023 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
21 Feb 2023
Net transactions value
+$14,578
Form type
4
Filing time
23 Feb 2023, 12:30:41 UTC
Previous filing
22 Feb 2023
Next filing
27 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 $22,107 +6,090 +7.9% $3.63 83,297 21 Feb 2023 Direct
transaction GLT Common Stock, Par Value $.01 Tax liability $7,529 -2,074 -2.5% $3.63 81,223 21 Feb 2023 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 Award $0 +599 +11% $0.000000 6,090 21 Feb 2023 Common Stock, Par Value $.01 599 Direct F2, F3, F4, F5
transaction GLT Restricted Stock Units Options Exercise $0 -6,090 -100% $0.000000* 0 21 Feb 2023 Common Stock, Par Value $.01 6,090 Direct F2, F4
* 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 These are dividend equivalents in the form of additional Restricted Stock Units ("RSUs") that have accrued on the 2/21/2020 Director RSU Grant reported previously. The dividend equivalents are added to the initial grant at the time of payout.
F4 This grant vests in full, and all restrictions lapse, three years from the Grant Date.
F5 Not applicable to this transaction