Form 4: Glatfelter Corp Director Bruce Brown Acquires Restricted Stock Units
SEC Form 4 Filing
Director Bruce Brown acquired 70,552 restricted stock units in Glatfelter Corp on May 10, 2024, which vest in full one year from the grant date.
Summary
- On May 10, 2024, Bruce Brown, a director of Glatfelter Corp, acquired 70,552 restricted stock units (RSUs).
- These RSUs vest in full on May 10, 2025, one year from the grant date.
- The underlying security for these RSUs is Glatfelter Corp common stock, par value $0.01.
- The transaction was reported on May 13, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock options, indicating a neutral sentiment.
Industry Context
This is a routine disclosure of stock-based compensation for a company director, a common practice in publicly traded companies to align management interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of transaction: Bruce Brown acquired 70,552 restricted stock units. |
| 05/10/2025 | Vesting date: Restricted stock units vest in full. |
| 05/13/2024 | Date of Form 4 filing. |
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