Ramesh Shettigar - May 12, 2023 Form 4 Insider Report for Glatfelter Corp (GLT)

Role
Senior VP, CFO & Treasurer
Signature
/s/ Jill L. Urey, Attorney-in-fact
Stock symbol
GLT
Transactions as of
May 12, 2023
Transactions value $
$11,539
Form type
4
Date filed
5/16/2023, 03:43 PM
Previous filing
Feb 28, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLT Common Stock, Par Value $.01 Options Exercise $17.3K +4.75K +17.33% $3.64 32.2K May 12, 2023 Direct
transaction GLT Common Stock, Par Value $.01 Tax liability -$5.75K -1.58K -4.91% $3.64 30.6K May 12, 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 +307 +2.2% $0.00 14.2K May 12, 2023 Common Stock, Par Value $.01 307 Direct F2, F3, F4, F5
transaction GLT Restricted Stock Units Options Exercise $0 -4.75K -33.34% $0.00 9.5K May 12, 2023 Common Stock, Par Value $.01 4.75K 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 05/12/2022 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.