Magnera Corp — Director's Dealing 2022

Feb 23, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Glatfelter Corp (GLT)
CIK: 0000041719
Period of Report: 2022-02-18

Reporting Person: ELDER DAVID C (Vice Pres, Finance and CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-21	Common Stock, Par Value $.01	M	7064	$14.05	Acquired	60017	Direct
2022-02-21	Common Stock, Par Value $.01	F	2105	$14.05	Disposed	57912	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-21	Restricted Stock Units	$	A	676	Acquired	2022-02-21	Common Stock, Par Value $.01 (676)	Direct
2022-02-21	Restricted Stock Units	$	M	7064	Disposed	2022-02-21	Common Stock, Par Value $.01 (7064)	Direct
2022-02-18	Restricted Stock Units	$	A	7117	Acquired	2025-02-18	Common Stock, Par Value $.01 (7117)	Direct

Footnotes

F1: Because the payout occurred on a federal holiday (Monday, February 21, 2022), the value of the shares was determined using the closing price of the previous business day (Friday, February 18, 2022).

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

F3: Because the payout occurred on a federal holiday (Monday, February 21, 2022), the value of the shares was determined using the closing price of the previous business day (Friday, February 18, 2022).

F4: Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.

F5: These are dividend equivalents in the form of additional Restricted Stock Units ("RSUs") that have accrued on the 2/21/2019 RSU Grant reported previously. The dividend equivalents are added to the initial grant at the time of payout.

F6: Not applicable to this transaction

F7: This RSU grant vests one-third on 2/18/2023, one-third on 2/18/2024 and the final one-third vests, and all restrictions lapse, on 2/18/2025.