Form 4: Clearwater Paper Corp Director Joe W. Laymon Reports Stock Transactions

Director Joe W. Laymon of Clearwater Paper Corp reports the acquisition and disposal of phantom stock units on January 2, 2025.

Summary

• Joe W. Laymon, a director at Clearwater Paper Corp, reported a transaction involving phantom stock units on January 2, 2025.
• Laymon acquired 4,354.699 phantom stock units, which are economically equivalent to shares of CLW common stock.
• These units were acquired through the conversion of previously credited phantom stock units under the company's Deferred Compensation Plan for Directors.
• Concurrently, Laymon disposed of 4,354.699 shares of common stock at a price of $29.51 per share.
• The phantom stock units represent deferred quarterly retainer meeting fees for the years 2023 and 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of a stock transaction by a director, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It does not indicate any specific trend in the paper industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical director compensation and reporting requirements.
• Similar transactions are regularly reported by directors and officers of other companies in the paper and packaging industry, such as International Paper and WestRock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine conversion of deferred compensation.

Key Dates

Keywords

phantom stock units, Clearwater Paper Corp, director, stock transaction, deferred compensation, Form 4, insider trading