Form 4: Glatfelter Corp Director Kevin Michael Fogarty Reports Stock Transactions
SEC Form 4 Filing
Director Kevin Michael Fogarty reports the vesting of restricted stock units and subsequent disposal of shares, along with indirect ownership through a family limited partnership.
Summary
- On May 8, 2024, Kevin Michael Fogarty, a director of Glatfelter Corp, reported the vesting of 23,000 restricted stock units (RSUs) which converted into common stock.
- Simultaneously, Fogarty disposed of 23,000 shares of common stock at a price of $1.7.
- Following these transactions, Fogarty directly owns 96,021 shares of Glatfelter Corp.
- Fogarty also indirectly owns 150,000 shares through the GBBH Family Limited Partnership.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership reported by a company director.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of transaction: vesting of RSUs and disposal of shares. |
| 05/09/2024 | Date of signature on the Form 4 filing. |
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