Form 4: Glatfelter Corp Executive David C. Elder Reports Stock Transactions
SEC Form 4 Filing
David C. Elder, Vice President, Finance and CAO of Glatfelter Corp, reports acquisition and disposal of common stock and restricted stock units.
Summary
- On May 12, 2024, David C. Elder, Vice President, Finance and CAO of Glatfelter Corp, reported transactions involving the company's common stock and restricted stock units (RSUs).
- Elder acquired 4,318 shares of common stock at a price of $1.63 per share.
- He also disposed of 1,197 shares to satisfy tax obligations at a price of $1.63 per share.
- Following these transactions, Elder beneficially owns 107,177 shares of Glatfelter Corp common stock.
- Additionally, Elder acquired 93 restricted stock units representing dividend equivalents on a previous RSU grant.
- He also disposed of 4,318 restricted stock units.
- Following these transactions, Elder beneficially owns 4,410 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transactions appear to be routine and related to compensation and tax obligations. There's no indication of unusual activity or significant shifts in ownership.
Positives
- The acquisition of additional shares and RSUs could be interpreted as a sign of confidence in the company's future performance.
Negatives
- The disposal of shares to cover tax obligations could be seen as a neutral event, but it does represent a reduction in Elder's holdings.
Risks
- The document itself does not present any explicit risks.
- However, insider transactions are always subject to scrutiny and could be interpreted in various ways by the market.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Insider transactions are common across publicly traded companies, and the reporting requirements are standardized by the SEC.
- The size and frequency of these transactions are typical for executives at similar-sized companies.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders, as they are relatively small and routine.
Key Dates
| Date | Description |
|---|---|
| 05/12/2023 | Grant date for Restricted Stock Units that vest in full three years from this date. |
| 05/10/2024 | Closing price of Glatfelter Corp stock used to determine the value of shares paid out on May 12, 2024. |
| 05/12/2024 | Date of the reported transactions: acquisition and disposal of common stock and restricted stock units. |
| 05/14/2024 | Date of signature by Attorney-in-fact for David C. Elder. |
| 05/12/2025 | Expiration date for Restricted Stock Units. |
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