Jill L. Urey - Feb 18, 2024 Form 4 Insider Report for Glatfelter Corp (GLT)

Signature
/s/ Holly V. Brodesser, attorney-in-fact
Stock symbol
GLT
Transactions as of
Feb 18, 2024
Transactions value $
$1,432
Form type
4
Date filed
2/21/2024, 08:26 AM
Previous filing
Feb 20, 2024
Next filing
Feb 27, 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 $2.15K +982 +10.32% $2.19 10.5K Feb 18, 2024 Direct F1
transaction GLT Common Stock, Par Value $.01 Tax liability -$718 -328 -3.12% $2.19 10.2K Feb 18, 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 +32 +1.69% 1.93K Feb 18, 2024 Common Stock, Par Value $.01 32 Direct F3, F4, F5, F6
transaction GLT Restricted Stock Units Options Exercise $0 -982 -50.88% $0.00 948 Feb 18, 2024 Common Stock, Par Value $.01 982 Direct F3, F5

Explanation of Responses:

Id Content
F1 Because the payout occurred on a Sunday, February 18, 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 2/18/2022 SET RSU Grant reported previously. The dividend equivalents are added to the initial grant at the time of payout.
F5 This RSU grant vesting on 2/18/2024 is the second one-third vesting of the SET RSU 2/18/2022 Grant. The final one-third vests, and all restrictions lapse, on 2/18/2025.
F6 Not applicable to this transaction.