DAVID C. ELDER - 24 Feb 2024 Form 4 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
-$5,455
Form type
4
Filing time
27 Feb 2024, 15:51:22 UTC
Previous filing
21 Feb 2024
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 Tax liability $5,455 -2,714 -2.5% $2.01 104,056 24 Feb 2024 Direct F1, F2
transaction GLT Common Stock, Par Value $.01 Options Exercise $0 +8,000 +7.7% $0.000000 112,056 24 Feb 2024 Direct

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 -8,000 -50% $0.000000 8,000 24 Feb 2024 Common Stock, Par Value $.01 8,000 $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.