Christopher W. Astley - Aug 1, 2022 Form 4 Insider Report for Glatfelter Corp (GLT)

Role
SVP, Chief Commercial Officer
Signature
/s/ Jill L. Urey, Attorney-in-fact
Stock symbol
GLT
Transactions as of
Aug 1, 2022
Transactions value $
$136,893
Form type
4
Date filed
8/3/2022, 04:58 PM
Previous filing
Feb 23, 2022
Next filing
Feb 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLT Common Stock, Par Value $.01 Options Exercise $194K +30.6K +133.63% $6.34 53.5K Aug 1, 2022 Direct
transaction GLT Common Stock, Par Value $.01 Tax liability -$57.1K -9.01K -16.84% $6.34 44.5K Aug 1, 2022 Direct F1
holding GLT Common Stock, Par Value $.01 911 Aug 1, 2022 401(k)

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 +3.42K +12.57% $0.00 30.6K Aug 1, 2022 Common Stock, Par Value $.01 3.42K Direct F2, F3, F4
transaction GLT Restricted Stock Units Options Exercise $0 -30.6K -100% $0.00* 0 Aug 1, 2022 Common Stock, Par Value $.01 30.6K Direct F2, F4
* 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 Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.
F3 These are dividend equivalents in the form of additional Restricted Stock Units ("RSUs") that have accrued on the 08/01/2019 RSU Grant reported previously. The dividend equivalents are added to the initial grant at the time of payout.
F4 This grant vests in full, and all restrictions lapse, three years from the Grant Date.