Form 4: Glatfelter Corp Executive David C Elder Reports Changes in Beneficial Ownership

David C Elder, Vice President, Finance and CAO of Glatfelter Corp, reports acquisition and disposal of common stock and restricted stock units on February 24, 2024.

Summary

• On February 24, 2024, David C Elder, Vice President, Finance and CAO of Glatfelter Corp, reported changes in beneficial ownership.
• Elder disposed of 2,714 shares of common stock to satisfy tax obligations at a price of $2.01.
• Elder also acquired 8,000 shares of common stock upon the vesting of restricted stock units (RSUs).
• Following these transactions, Elder directly owns 112,056 shares of Glatfelter Corp.
• The reported transactions include the vesting of the first one-third of the SET RSU grant from February 24, 2023, with the final vesting occurring on February 24, 2026.

Sentiment

Score: 5

Explanation: The document reflects standard insider trading activity related to compensation and tax obligations, indicating a neutral sentiment.

Positives

• The vesting of restricted stock units indicates a continued alignment of the executive's interests with the company's performance.

Future Outlook

The final one-third of the SET RSU 2/24/2023 Grant vests on 2/24/2026.

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 executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring transparency and compliance with SEC regulations.
• The reporting of RSU vesting and subsequent share transactions is consistent with industry norms for executive compensation and disclosure.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates