Magnera (MAGN) Form 4/A Glatfelter / Thomas Fahnemann ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Fahnemann Thomas

(Last) (First) (Middle)

C/O GLATFELTER CORPORATION

4350 CONGRESS STREET, SUITE 600

(Street)

CHARLOTTE NC 28209

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Glatfelter Corp [ GLT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)
02/27/2024

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, Par Value $.01	02/24/2024		M		80,000	A	$0	93,000	D
Common Stock, Par Value $.01	02/24/2024		F		22,974(1)	D	$2.01(2)	70,026	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	02/24/2024		M			80,000	02/24/2024(3)	02/24/2026	Common Stock, Par Value $.01	80,000	$0	160,000	D

Explanation of Responses:

1. These shares are being withheld to satisfy tax obligations.

2. Because the payout occurred on a Saturday, February 24, 2024, the value of the shares was determined using the closing price of the previous business day Friday, February 23, 2024.

3. This RSU grant vesting on 2/24/2024 is the first one-third vesting of the SET RSU 2/24/2023 Grant. The final one-third vests, and all restrictions lapse, on 2/24/2026.

Remarks:

This Form 4 amendment is being filed to report all unvested Restricted Stock Units and Performance Share Awards held by the reporting person that were previously reported as directly owned securities on Table I on Table II as derivative securities. This presentation is consistent with the reporting of unvested Restricted Stock Units on other Form 4s filed by the reporting person. Accordingly, the total amount of securities beneficially owned as reported in Table I, Column 5 now excludes 240,000 shares underlying unvested Restricted Stock Units and 360,000 shares underlying Performance Share Awards that were previously reported on Table I.

	/s/ Jill L. Urey, Attorney-in-fact	03/04/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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