DAVID C. ELDER - 17 Feb 2024 Form 4 Insider Report for Glatfelter Corp (MAGN)

Signature
/s/ Jill L. Urey, Attorney-in-fact
Issuer symbol
MAGN
Transactions as of
17 Feb 2024
Net transactions value
+$8,780
Form type
4
Filing time
20 Feb 2024, 13:12:10 UTC
Previous filing
16 May 2023
Next filing
21 Feb 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 $13,269 +6,059 +6.5% $2.19 99,198 17 Feb 2024 Direct F1
transaction GLT Common Stock, Par Value $.01 Tax liability $4,490 -2,050 -2.1% $2.19 97,148 17 Feb 2024 Direct 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 +402 +7.1% 6,059 17 Feb 2024 Common Stock, Par Value $.01 402 Direct F3, F4, F5, F6
transaction GLT Restricted Stock Units Options Exercise $0 -6,059 -100% $0.000000* 0 17 Feb 2024 Common Stock, Par Value $.01 6,059 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 17, 2024, the value of the shares was determined using the closing price of the previous business day Friday, February 16, 2024.
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 2/17/2021 SET RSU Grant reported previously. The dividend equivalents are added to the initial grant at the time of payout.
F5 This grant vests in full, and all restrictions lapse, three years from the Grant Date.
F6 Not applicable to this transaction.