Form 4: Carlson Capital L.P. Reduces Stake in Glatfelter Corp (GLT)

Carlson Capital L.P. reports the sale of 50,000 shares of Glatfelter Corp (GLT) at an average price of $1.82 per share.

Summary

• Carlson Capital L.P. and related entities, including Double Black Diamond Offshore Ltd., Black Diamond Offshore Ltd., Asgard Investment Corp. II, and Clint D. Carlson, filed a Form 4 indicating a change in beneficial ownership of Glatfelter Corp (GLT) shares.
• On September 19, 2024, Double Black Diamond Offshore Ltd. sold 50,000 shares of Common Stock at $1.82 per share.
• Following the transaction, the reporting persons beneficially own 4,655,691 shares of Glatfelter Corp.
• The shares are held directly by Double Offshore and Black Diamond Offshore Ltd.
• Carlson Capital, L.P. serves as the investment manager to the Funds, with Asgard Investment Corp. II as the general partner of Carlson Capital, and Clint D. Carlson as the president of Asgard II and Carlson Capital.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative as a large shareholder is reducing their position. This could be interpreted negatively by the market.

Negatives

• Carlson Capital L.P. reduced its stake in Glatfelter Corp by selling 50,000 shares.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell shares. This filing indicates a change in ownership by a major shareholder, which can be of interest to investors.

Stakeholder Impact

• The sale of shares by a significant shareholder could potentially impact shareholder confidence and the stock price of Glatfelter Corp.

Key Dates