Thomas Fahnemann - Feb 24, 2024 Form 4 Insider Report for Glatfelter Corp (GLT)

Role
CEO, Director
Signature
/s/ Jill L. Urey, Attorney-in-fact
Stock symbol
GLT
Transactions as of
Feb 24, 2024
Transactions value $
-$46,178
Form type
4
Date filed
2/27/2024, 04:08 PM
Previous filing
Feb 28, 2023
Next filing
Mar 1, 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 $0 +80K +13.05% $0.00 693K Feb 24, 2024 Direct
transaction GLT Common Stock, Par Value $.01 Tax liability -$46.2K -23K -3.32% $2.01 670K Feb 24, 2024 Direct F1, 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 Options Exercise $0 -80K -33.33% $0.00 160K Feb 24, 2024 Common Stock, Par Value $.01 80K $0.00 Direct F3
* 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 Because the payout occurred on a Saturday, February 24, 2024, the value of the shares was determined using the closing price of the previous business day Friday, February 23, 2024.
F3 This RSU grant vesting on 2/24/2024 is the first one-third vesting of the SET RSU 2/24/2023 Grant. The final one-third vests, and all restrictions lapse, on 2/24/2026.