Form 4: Clearwater Paper Corp Executive Bowden Steve M Reports Stock Transaction

SVP Bowden Steve M of Clearwater Paper Corp reports disposition of 448 shares to cover tax obligations upon vesting of restricted stock units.

Summary

• On March 15, 2024, Steve M Bowden, an SVP at Clearwater Paper Corp, disposed of 448 shares of common stock to satisfy tax withholding requirements.
• The shares were sold at a price of $40.76 per share.
• Following the transaction, Bowden directly owns 62,387 shares of Clearwater Paper Corp.
• The transaction was related to the settlement of the 2023 grant of restricted stock units that vested on March 15, 2024.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's overall outlook.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into insider transactions, allowing investors to monitor the buying and selling activities of company executives and directors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of by an executive to cover tax obligations.

Key Dates