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Magnera Corp — Director's Dealing 2024
May 14, 2024
33036_dirs_2024-05-14_b70c6ab9-3ef8-468b-938c-76104020d20e.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: 2024-05-12
Reporting Person: Shettigar Ramesh (Senior VP, CFO & Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-12 | Common Stock, Par Value $.01 | M | 4750 | $1.63 | Acquired | 46701 | Direct |
| 2024-05-12 | Common Stock, Par Value $.01 | F | 1550 | $1.63 | Disposed | 45151 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-12 | Restricted Stock Units | $ | A | 102 | Acquired | 2025-05-12 | Common Stock, Par Value $.01 (102) | Direct |
| 2024-05-12 | Restricted Stock Units | $ | M | 4750 | Disposed | 2025-05-12 | Common Stock, Par Value $.01 (4750) | Direct |
Footnotes
F1: Because the payout occurred on a Sunday, May 12, 2024, the value of the shares was determined using the closing price of the previous business day Friday, May 10, 2024.
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 5/12/2022 RSU Promotion Grant reported previously. The dividend equivalents are added to the initial grant at the time of payout.
F5: This grant vests in full and all restrictions lapse three years from the Grant Date.
F6: Not applicable to this transaction.