Magnera Corp — Director's Dealing 2020

Feb 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2020-02-21

Reporting Person: Hillard Samuel L. (SVP, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-23	Common Stock, Par Value $.01	M	5600	$16.39	Acquired	16966	Direct
2020-02-23	Common Stock, Par Value $.01	F	1906	$16.39	Disposed	15060	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-23	Restricted Stock Units	$	A	474	Acquired	2020-02-23	Common Stock, Par Value $.01 (474)	Direct
2020-02-23	Restricted Stock Units	$	M	5600	Disposed	2020-02-23	Common Stock, Par Value $.01 (5600)	Direct
2020-02-21	Restricted Stock Units	$	A	9762	Acquired	2023-02-21	Common Stock, Par Value $.01 (9762)	Direct

Footnotes

F1: Because the stock market was not open on the vesting date (Sunday, February 23, 2020), the value of the shares was determined using Friday, February 21, 2020's closing price of $16.39.

F2: These shares are being withheld to satisfy tax obligations.

F3: Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.

F4: These are dividend equivalents in the form of additional Restricted Stock Units ("RSUs") that have accrued on the 2/23/2017 RSU Grant reported previously. The dividend equivalents are added to the initial grant at the time of payout.

F5: Not applicable to this transaction

F6: This grant vests in full, and all restrictions lapse, three years from the Grant Date.