Form 4: Clearwater Paper CEO Arsen Kitch Reports Stock Disposals to Cover Tax Obligations

Clearwater Paper CEO Arsen Kitch disposed of shares to cover tax withholding requirements related to the vesting of restricted stock units.

Summary

• On March 3, 2024, Clearwater Paper Corp CEO Arsen S. Kitch disposed of 3,661 shares of common stock at a price of $38.53 to cover tax obligations related to the vesting of restricted stock units granted in 2022.
• On March 4, 2024, Mr. Kitch disposed of 2,560 shares of common stock at a price of $38.53 to cover tax obligations related to the vesting of restricted stock units granted in 2021.
• Following these transactions, Mr. Kitch beneficially owns 265,428 shares of Clearwater Paper Corp.

Sentiment

Score: 5

Explanation: This is a neutral event. The stock disposal is related to tax obligations from vested stock, which is a normal part of executive compensation.

Industry Context

Executive stock transactions are a common occurrence, particularly around the vesting of stock options or restricted stock units. This filing reflects a routine transaction to cover tax liabilities associated with equity compensation.

Stakeholder Impact

• The disposal of shares by the CEO could have a minor, temporary impact on the stock price, but it is unlikely to be significant given the routine nature of the transaction.

Key Dates