Form 4: Clearwater Paper Corp Director Laymon W. Joe Reports Acquisition of Phantom Stock Units

Director Joe W. Laymon reports acquiring phantom stock units in Clearwater Paper Corp through a deferred compensation plan.

Summary

• On October 1, 2024, Joe W. Laymon, a director of Clearwater Paper Corp, acquired 940.86 phantom stock units at a price of $27.9 per unit.
• These units were credited to Laymon's account under the Clearwater Paper Corporation Deferred Compensation Plan for Directors.
• The phantom stock units will be converted to cash on a 1-for-1 basis with the issuer's common stock on a date previously elected by the reporting person, January 1, 2025.
• Laymon's direct beneficial ownership following the reported transaction includes 4,354.699 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to director compensation, indicating a neutral sentiment.

Future Outlook

The phantom stock units will be converted to cash on January 1, 2025, based on the value of Clearwater Paper's common stock at that time.

Industry Context

This filing reflects standard executive compensation practices, where phantom stock units are used as a form of deferred compensation for directors.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to director compensation and does not significantly alter the company's financial position.

Key Dates