Form 4: Clearwater Paper CEO Arsen Kitch Disposes of Shares to Cover Tax Obligations

Clearwater Paper Corp CEO Arsen Kitch disposed of 3,770 shares of common stock on March 15, 2024, to satisfy tax withholding requirements related to the vesting of restricted stock units.

Summary

• On March 15, 2024, Arsen S. Kitch, the President and CEO of Clearwater Paper Corp, disposed of 3,770 shares of common stock.
• The transaction was executed to cover tax withholding obligations arising from the vesting of restricted stock units granted in 2023.
• The shares were disposed of at a price of $40.76 per share.
• Following the transaction, Kitch directly owns 261,658 shares of Clearwater Paper Corp.
• The transaction was reported on March 19, 2024.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

Form 4 filings are a routine part of executive compensation and are used to disclose transactions in company stock by insiders. This filing indicates a standard process of covering tax obligations related to vested equity.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates