Magnera Corp — Director's Dealing 2023

May 16, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Glatfelter Corp (GLT)
CIK: 0000041719
Period of Report: 2023-05-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-12	Common Stock, Par Value $.01	M	4318	$3.64	Acquired	94341	Direct
2023-05-12	Common Stock, Par Value $.01	F	1202	$3.64	Disposed	93139	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-12	Restricted Stock Units	$	A	279	Acquired	2025-05-12	Common Stock, Par Value $.01 (279)	Direct
2023-05-12	Restricted Stock Units	$	M	4318	Disposed	2025-05-12	Common Stock, Par Value $.01 (4318)	Direct

Footnotes

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 05/12/2022 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.

F5: Not applicable to this transaction.