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

Role: CEO, Director
Signature: /s/ Jill L. Urey, Attorney-in-fact
Issuer symbol: MAGN
Transactions as of: 24 Aug 2022
Net 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	$228,000	+120,000	+171%	$1.90	190,026	24 Aug 2024	Direct	F1
transaction	GLT	Common Stock, Par Value $.01	Tax liability	$60,133	-31,649	-17%	$1.90	158,377	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	+240,000		$0.000000	240,000	24 Aug 2022	Common Stock, Par Value $.01	240,000	$0.000000	Direct	F3
transaction	GLT	Restricted Stock Units	Options Exercise		-120,000	-50%		120,000	24 Aug 2024	Common Stock, Par Value $.01	120,000	$0.000000	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.