Form 4: Clearwater Paper Corp Director Nelson Acquires Phantom Stock Units

Director Ann C Nelson acquired phantom stock units in Clearwater Paper Corp through the Deferred Compensation Plan for Directors.

Summary

• On May 9, 2025, Ann C Nelson, a director of Clearwater Paper Corp, acquired 4,743.083 phantom stock units at a price of $25.3 per unit.
• These units were credited to Nelson'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 upon Nelson's termination from service with Clearwater Paper.
• The phantom stock allocations represent an annual award grant for service from May 1, 2025 through April 30, 2026, and will vest on May 1, 2026.
• Following the transaction, Nelson beneficially owns 22,202.005 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and ongoing relationship between the director and the company. The use of a deferred compensation plan is a positive sign of long-term alignment.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The Deferred Compensation Plan for Directors incentivizes continued service and commitment from board members.

Future Outlook

The phantom stock units will be converted to cash and paid upon the reporting person's termination from service with Clearwater Paper in accordance with the provisions of the Clearwater Paper Corporation Deferred Compensation Plan for Directors.

Industry Context

This filing is a routine disclosure related to executive compensation and is common among publicly traded companies. It reflects the company's compensation strategy for its directors.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies to attract and retain qualified directors.
• The vesting schedule and payout terms are typical for such plans, aligning with industry norms for executive compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.
• The compensation plan incentivizes the director to remain engaged and contribute to the company's success.

Key Dates

Keywords

Clearwater Paper Corp, Director, Ann C Nelson, Phantom Stock Units, Deferred Compensation Plan, Beneficial Ownership, Form 4, SEC Filing