The latest update is out from Glatfelter (GLT).
Glatfelter Corporation has rolled out its 2024 long-term incentive plan, strategically mixing 75% equity grants and 25% cash payments to optimize share pool resources. Senior executives and eligible employees will receive awards that vest over three years, with a requirement to stay employed through each vesting date. Special provisions apply for those terminated without cause post-change in control, allowing for partial vesting. Notably, executives like Thomas M. Fahnemann, Ramesh Shettigar, and David C. Elder stand to gain awards worth millions, split between cash and time-based restricted stock units.
Learn more about GLT stock on TipRanks’ Stock Analysis page.
