Thomas Fahnemann - 24 Feb 2024 Form 4/A Insider Report for Glatfelter Corp (MAGN)

Signature
/s/ Jill L. Urey, Attorney-in-fact
Issuer symbol
MAGN
Transactions as of
24 Feb 2024
Net transactions value
-$46,178
Form type
4/A
Filing time
05 Mar 2024, 10:32:12 UTC
Date Of Original Report
27 Feb 2024
Previous filing
28 Feb 2023
Next filing
01 Mar 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 +80,000 +615% $0.000000 93,000 24 Feb 2024 Direct
transaction GLT Common Stock, Par Value $.01 Tax liability $46,178 -22,974 -25% $2.01 70,026 24 Feb 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 -80,000 -33% $0.000000 160,000 24 Feb 2024 Common Stock, Par Value $.01 80,000 $0.000000 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.

Remarks:

This Form 4 amendment is being filed to report all unvested Restricted Stock Units and Performance Share Awards held by the reporting person that were previously reported as directly owned securities on Table I on Table II as derivative securities. This presentation is consistent with the reporting of unvested Restricted Stock Units on other Form 4s filed by the reporting person. Accordingly, the total amount of securities beneficially owned as reported in Table I, Column 5 now excludes 240,000 shares underlying unvested Restricted Stock Units and 360,000 shares underlying Performance Share Awards that were previously reported on Table I.