Form 4: Glatfelter Corp Executive Boris Illetschko Reports Stock Transactions
SEC Form 4 Filing
SVP and Chief Operating Officer of Glatfelter Corp, Boris Illetschko, reports acquisition and disposal of common stock and restricted stock units.
Summary
- On August 1, 2024, Boris Illetschko, SVP and Chief Operating Officer of Glatfelter Corp, reported transactions involving the company's common stock and restricted stock units (RSUs).
- Illetschko acquired 13,227 shares of common stock upon the vesting of restricted stock units at a price of $1.57.
- Simultaneously, 801 shares were disposed of at $1.57 to satisfy tax obligations.
- Following these transactions, Illetschko directly owns 12,426 shares of Glatfelter Corp.
- He also holds 26,455 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 08/01/2023 | Date of RSU LTIP grant |
| 08/01/2024 | Date of earliest transaction; vesting of one-third of 2023 RSU LTIP grant |
| 08/01/2024 | RSU vests one-third |
| 08/01/2025 | RSU vests one-third |
| 08/01/2026 | RSU vests one-third |
| 08/02/2024 | Date of signature by Attorney-in-fact |
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