SCHEDULE 13G/A: BlackRock Boosts Clearwater Paper Stake to 8.6%

BlackRock, Inc. has reported a beneficial ownership of 8.6% of Clearwater Paper Corp's common stock as of December 31, 2025.

Summary

• BlackRock, Inc. filed an Amendment No. 6 to Schedule 13G, reporting its beneficial ownership in Clearwater Paper Corp.
• As of December 31, 2025, BlackRock, Inc. beneficially owned an aggregate of 1,373,009 shares of Clearwater Paper Corp. common stock.
• This aggregate amount represents 8.6% of the class of Clearwater Paper Corp.'s common stock.
• BlackRock, Inc. holds sole voting power over 1,356,911 shares and sole dispositive power over 1,373,009 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: The filing indicates a major institutional investor, BlackRock, maintains a substantial 8.6% stake in Clearwater Paper Corp. This continued significant ownership, stated to be in the ordinary course of business, generally signals institutional confidence in the company's long-term prospects.

Positives

• BlackRock, Inc., a major institutional investor, maintains a significant 8.6% stake in Clearwater Paper Corp., indicating continued institutional confidence.
• The filing confirms that the shares were acquired in the ordinary course of business, suggesting a long-term investment perspective rather than an activist stance.

Future Outlook

This filing does not contain forward-looking statements or guidance from Clearwater Paper Corp. It solely reports BlackRock, Inc.'s beneficial ownership position.

Management Comments

• BlackRock, Inc. certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

BlackRock, Inc. is one of the world's largest asset managers, and its significant stake in Clearwater Paper Corp. reflects a typical institutional investment in a publicly traded company within the paper and forest products industry. Such filings are routine for large asset managers as their holdings fluctuate.

Stakeholder Impact

• Shareholders may view BlackRock's continued significant ownership as a positive signal of institutional confidence in Clearwater Paper Corp.'s value and future performance.

Key Dates

Keywords

Clearwater Paper Corp, BlackRock, Institutional Ownership, Schedule 13G, Common Stock, Beneficial Ownership, Investment