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 deferred compensation plan.

Summary

• On April 1, 2024, Jeanne M Hillman, a director of Clearwater Paper Corp, acquired 481.541 phantom stock units at a price of $43.61 per unit.
• These units were credited to her account under the Clearwater Paper Corporation Deferred Compensation Plan for Directors.
• Following the transaction, Hillman beneficially owns 3,676.171 phantom stock units.
• The phantom stock units will be converted to cash on a 1-for-1 basis with the issuer's common stock, paid on a date previously elected by the reporting person.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding a director's compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom stock units will be converted to cash and paid on a 1-for-1 basis with the issuer's common stock on a date previously elected by the reporting person.

Industry Context

This filing is a routine disclosure of insider transactions, which is common in publicly traded companies. It provides transparency into the actions of company directors and their compensation.

Stakeholder Impact

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

Key Dates