Form 4: Clearwater Paper Corp CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Clearwater Paper Corp's CEO, Arsen S. Kitch, disposed of 3,772 shares of common stock on March 3, 2025, to cover tax withholding requirements related to the vesting of restricted stock units.
Summary
- On March 3, 2025, Arsen S. Kitch, the President and CEO of Clearwater Paper Corp, disposed of 3,772 shares of common stock.
- The transaction was executed to satisfy tax withholding requirements due at the settlement of the 2022 grant of restricted stock units that vested on the same date.
- The shares were sold at a price of $26.15 per share.
- Following the transaction, Kitch directly owns 332,511 shares of Clearwater Paper Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports a transaction to cover tax obligations, which is a routine event.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Often, these transactions are related to stock options or restricted stock units that vest over time. Executives may sell shares to cover tax obligations or diversify their holdings.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: Arsen S. Kitch disposed of shares to cover tax obligations. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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