Form 4: Clearwater Paper CEO's Tax Withholding on RSU Vesting

Clearwater Paper's President and CEO, Arsen S. Kitch, reported the disposition of 13,523 common shares to cover tax obligations from vested restricted stock units.

Summary

• Arsen S. Kitch, President and CEO of Clearwater Paper Corp (CLW), reported the disposition of common stock.
• A total of 13,523 shares were disposed of across three separate transactions on March 15, 2026.
• The shares were withheld by Clearwater Paper Corporation to satisfy tax withholding requirements.
• These tax obligations arose from the settlement of restricted stock units (RSUs) granted in 2023, 2024, and 2025, which vested on March 15, 2026.
• The disposition price for all shares was $13.11 per share.
• Following these transactions, Kitch's beneficial ownership of common stock is 393,875 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative transaction related to executive compensation and tax obligations, with no direct positive or negative implications for the company's operational or financial performance.

Positives

• The vesting of restricted stock units indicates the successful completion of performance or service periods by the CEO, aligning executive incentives with company performance.

Negatives

• The disposition of shares, even for tax purposes, reduces the CEO's direct equity stake in the company by 13,523 shares.

Industry Context

StockSavvy.ai notes that tax-related dispositions of restricted stock units are a common and routine occurrence for executives receiving equity compensation. This transaction reflects standard compensation practices rather than a discretionary sale or a change in investment sentiment.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related disposition, not a discretionary sale indicating a change in confidence.
• Employees: No direct impact.

Key Dates

Keywords

Clearwater Paper, CLW, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Executive Compensation, Arsen S. Kitch