Thomas Fahnemann - 24 Aug 2022 Form 4 Insider Report for Glatfelter Corp (GLT)

Role
CEO, Director
Signature
/s/ Jill L. Urey, Attorney-in-fact
Issuer symbol
GLT
Transactions as of
24 Aug 2022
Transactions value $
$167,867
Form type
4
Filing time
27 Aug 2024, 16:10:22 UTC
Next filing
07 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLT Common Stock, Par Value $.01 Options Exercise $228K +120K +171.36% $1.90 190K 24 Aug 2024 Direct F1
transaction GLT Common Stock, Par Value $.01 Tax liability -$60.1K -31.6K -16.66% $1.90 158K 24 Aug 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 Award $0 +240K $0.00 240K 24 Aug 2022 Common Stock, Par Value $.01 240K $0.00 Direct F3
transaction GLT Restricted Stock Units Options Exercise -120K -50% 120K 24 Aug 2024 Common Stock, Par Value $.01 120K $0.00 Direct F1, F4
* 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 Saturday, August 24, 2024, the value of the shares was determined using the closing price of the previous business day, Friday, August 23, 2024.
F2 These shares are being withheld to satisfy tax obligations.
F3 Pursuant to Restricted Stock Units that will vest, subject to the individual's continued employment with Glatfelter Corporation (the "Company"), in two equal annual installments beginning on August 24, 2024.
F4 This vesting represents the first of two equal vestings of the CEO RSU Award granted on 8/24/2022. The final half vests, and all restrictions lapse, on 8/24/2025.