Bruce Brown - May 12, 2023 Form 4 Insider Report for Glatfelter Corp (GLT)

Role
Director
Signature
/s/ Jill L. Urey, Attorney-in-fact
Stock symbol
GLT
Transactions as of
May 12, 2023
Transactions value $
$54,221
Form type
4
Date filed
5/16/2023, 04:22 PM
Previous filing
May 9, 2023
Next filing
May 9, 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 $54.2K +14.9K +31.05% $3.64 62.9K May 12, 2023 Direct
holding GLT Common Stock, Par Value $.01 3.75K May 12, 2023 Bruce Brown Revocable Trust

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 +321 +2.2% $0.00 14.9K May 12, 2023 Common Stock, Par Value $.01 321 Direct F1, F2, F3
transaction GLT Restricted Stock Units Options Exercise $0 -14.9K -100% $0.00* 0 May 12, 2023 Common Stock, Par Value $.01 14.9K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.
F2 These are dividend equivalents in the form of additional Restricted Stock Units ("RSUs") that have accrued on the 05/12/2022 Director RSU Grant reported previously. The dividend equivalents are added to the initial grant at the time of payout.
F3 Not applicable to this transaction.