David C. Elder - 12 May 2023 Form 4 Insider Report for Glatfelter Corp (MAGN)

Reporting relationship: Vice Pres, Finance and CAO
Issuer ticker: MAGN
Reported as of: 12 May 2023
Net transaction value: +$11,342
SEC form: 4
Accepted by SEC: 16 May 2023, 15:33:52 UTC
Prior SEC filing: 27 Feb 2023
Next SEC filing: 20 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Jill L. Urey, Attorney-in-fact

Key filing fact

David C. Elder filed Form 4 for Glatfelter Corp (MAGN) on 16 May 2023.

Key facts

This page summarizes David C. Elder's Form 4 filing for Glatfelter Corp (MAGN).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 16 May 2023, 15:33.

Change

Previous filing in this sequence was filed on 27 Feb 2023.
Current net transaction value: +$11,342.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GLT transaction

Common Stock, Par Value $.01

Options Exercise

Transaction value: $15,718
Shares: +4,318
Change %: +4.8%
Price: $3.64
Shares after: 94,341
Date: 12 May 2023
Ownership: Direct

GLT transaction

Common Stock, Par Value $.01

Tax liability

Transaction value: $4,375
Shares: -1,202
Change %: -1.3%
Price: $3.64
Shares after: 93,139
Date: 12 May 2023
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GLT transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +279
Change %: +2.2%
Price: $0.000000
Shares after: 12,953
Date: 12 May 2023
Ownership: Direct
Underlying class: Common Stock, Par Value $.01
Underlying amount: 279
Exercise price
Footnotes: F2, F3, F4, F5

GLT transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -4,318
Change %: -33%
Price: $0.000000
Shares after: 8,635
Date: 12 May 2023
Ownership: Direct
Underlying class: Common Stock, Par Value $.01
Underlying amount: 4,318
Exercise price
Footnotes: F2, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

These shares are being withheld to satisfy tax obligations.

Footnote F2

Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.

Footnote F3

These are dividend equivalents in the form of additional Restricted Stock Units ("RSUs") that have accrued on the 05/12/2022 RSU Grant reported previously. The dividend equivalents are added to the initial grant at the time of payout.

Footnote F4

This grant vests in full, and all restrictions lapse, three years from the Grant Date.

Footnote F5

Not applicable to this transaction.