Form 4: Clearwater Paper Corp Director Toeldte Alexander Reports Acquisition and Disposal of Phantom Stock Units
SEC Form 4 Filing
Director Alexander Toeldte reports changes in beneficial ownership of Clearwater Paper Corp phantom stock units, including acquisition and disposal related to deferred compensation.
Summary
- On May 9, 2025, Director Alexander Toeldte reported transactions involving Clearwater Paper Corp phantom stock units.
- Toeldte acquired 4,743.083 phantom stock units at a price of $25.3.
- Concurrently, Toeldte disposed of 4,743.083 phantom stock units at $25.3.
- Following these transactions, Toeldte's beneficial ownership includes 38,464.837 phantom stock units.
- These phantom stock units are part of the Clearwater Paper Corporation Deferred Compensation Plan for Directors and will be converted to cash upon termination of service.
- 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.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing simply reports transactions related to a deferred compensation plan, which is a standard practice.
Positives
- The acquisition of phantom stock units indicates continued alignment of the director's interests with the company's performance.
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
Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in company stock, helping investors gauge management's confidence and alignment with shareholder interests.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding director compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 05/09/2025 | Date of the reported transaction (acquisition and disposal of phantom stock units). |
| 05/01/2025 | Start date of the service period for the annual award grant. |
| 04/30/2026 | End date of the service period for the annual award grant. |
| 05/01/2026 | Vesting date for the phantom stock units. |
| 05/13/2025 | Date of the report filing. |
Keywords
Clearwater Paper Corp, Director, Toeldte Alexander, Phantom Stock Units, Deferred Compensation, Beneficial Ownership, Form 4, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.