Ramesh Shettigar - Feb 17, 2024 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
Feb 17, 2024
Transactions value $
$4,325
Form type
4
Date filed
2/20/2024, 01:15 PM
Previous filing
May 16, 2023
Next filing
Feb 21, 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 $7.01K +3.2K +10.47% $2.19 33.8K Feb 17, 2024 Direct F1
transaction GLT Common Stock, Par Value $.01 Tax liability -$2.69K -1.23K -3.63% $2.19 32.6K Feb 17, 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 +212 +7.09% 3.2K Feb 17, 2024 Common Stock, Par Value $.01 212 Direct F3, F4, F5, F6
transaction GLT Restricted Stock Units Options Exercise $0 -3.2K -100% $0.00* 0 Feb 17, 2024 Common Stock, Par Value $.01 3.2K 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.