Boris Illetschko - 01 Aug 2024 Form 4 Insider Report for Glatfelter Corp (MAGN)

Role: SVP, Chief Operating Officer
Signature: /s/ Jill L. Urey, Attorney-in-fact
Issuer symbol: MAGN
Transactions as of: 01 Aug 2024
Net transactions value: +$19,509
Form type: 4
Filing time: 02 Aug 2024, 15:34:27 UTC
Previous filing: 01 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GLT	Common Stock, Par Value $.01	Options Exercise	$20,766	+13,227		$1.57	13,227	01 Aug 2024	Direct
transaction	GLT	Common Stock, Par Value $.01	Tax liability	$1,258	-801	-6.1%	$1.57	12,426	01 Aug 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GLT	Restricted Stock Units	Award	$0	+39,682		$0.000000	39,682	01 Aug 2023	Common Stock, Par Value $.01	39,682		Direct	F2, F3
transaction	GLT	Restricted Stock Units	Options Exercise	$0	-13,227	-33%	$0.000000	26,455	01 Aug 2024	Common Stock, Par Value $.01	13,227		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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	This 2023 RSU LTIP grant vests one-third 8/1/2024, one-third 8/1/2025 and one-third 8/1/2026. This grant vests in full, and all restrictions lapse, three years from the Grant Date