Form 4: Clearwater Paper Corp Director Reports Acquisition of Phantom Stock Units

Director Jeanne M Hillman reports acquisition of phantom stock units in Clearwater Paper Corp through a deferred compensation plan.

Summary

• On July 1, 2024, Jeanne M Hillman, a director of Clearwater Paper Corp, acquired 452.684 phantom stock units at a price of $46.39 per unit.
• These units were credited to her 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, payable on a date previously elected by the reporting person.
• Following the transaction, Hillman beneficially owns 4,128.855 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests. There are no indications of negative events or concerns.

Positives

• The acquisition of phantom stock units aligns the director's interests with the company's performance.
• The deferred compensation plan allows for long-term investment in the company's success.

Industry Context

This filing is a routine disclosure related to director compensation and is common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director compensation with company performance.

Key Dates