Form 4: Glatfelter Corp Director Bruce Brown Reports Stock Transactions
SEC Form 4 Filing
Director Bruce Brown reports the vesting and subsequent disposal of 23,000 shares of Glatfelter Corp stock related to restricted stock units.
Summary
- On May 8, 2024, Bruce Brown, a director of Glatfelter Corp, reported a transaction involving the vesting of 23,000 Restricted Stock Units (RSUs) which converted into common stock.
- Following the vesting, these 23,000 shares were disposed of at a price of $1.7.
- After the reported transactions, Brown directly owns 85,865 shares of Glatfelter Corp common stock and indirectly owns 3,750 shares through the Bruce Brown Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting insider transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of RSU vesting and stock disposal. |
| 05/09/2024 | Date of signature on the Form 4 filing. |
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