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Magnera Corp — Director's Dealing 2024
Aug 27, 2024
33036_dirs_2024-08-27_c30c94cb-2133-4acf-9644-316c26b34a1d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Glatfelter Corp (GLT)
CIK: 0000041719
Period of Report: 2022-08-24
Reporting Person: Fahnemann Thomas (Director, CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-08-24 | Common Stock, Par Value $.01 | M | 120000 | $1.90 | Acquired | 190026 | Direct |
| 2024-08-24 | Common Stock, Par Value $.01 | F | 31649 | $1.90 | Disposed | 158377 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-08-24 | Restricted Stock Units | $0 | A | 240000 | Acquired | 2025-08-24 | Common Stock, Par Value $.01 (240000) | Direct |
| 2024-08-24 | Restricted Stock Units | $0 | M | 120000 | Disposed | 2025-08-24 | Common Stock, Par Value $.01 (120000) | Direct |
Footnotes
F1: Because the payout occurred on Saturday, August 24, 2024, the value of the shares was determined using the closing price of the previous business day, Friday, August 23, 2024.
F2: These shares are being withheld to satisfy tax obligations.
F3: Pursuant to Restricted Stock Units that will vest, subject to the individual's continued employment with Glatfelter Corporation (the "Company"), in two equal annual installments beginning on August 24, 2024.
F4: This vesting represents the first of two equal vestings of the CEO RSU Award granted on 8/24/2022. The final half vests, and all restrictions lapse, on 8/24/2025.