AI assistant
Magnera Corp — Director's Dealing 2024
Feb 20, 2024
33036_dirs_2024-02-20_8c82eaa1-d4d4-4d22-b05e-6ae25778b063.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Glatfelter Corp (GLT)
CIK: 0000041719
Period of Report: 2024-02-17
Reporting Person: ELDER DAVID C (Vice Pres, Finance and CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-17 | Common Stock, Par Value $.01 | M | 6059 | $2.19 | Acquired | 99198 | Direct |
| 2024-02-17 | Common Stock, Par Value $.01 | F | 2050 | $2.19 | Disposed | 97148 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-17 | Restricted Stock Units | $ | A | 402 | Acquired | 2024-02-17 | Common Stock, Par Value $.01 (402) | Direct |
| 2024-02-17 | Restricted Stock Units | $ | M | 6059 | Disposed | 2024-02-17 | Common Stock, Par Value $.01 (6059) | Direct |
Footnotes
F1: Because the payout occurred on a Saturday, February 17, 2024, the value of the shares was determined using the closing price of the previous business day Friday, February 16, 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 2/17/2021 SET RSU 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.