Form 4: Clearwater Paper Corp Executive Kari G. Moyes Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Kari G. Moyes, SVP of HR at Clearwater Paper Corp, reported disposing of shares to cover tax withholding requirements related to the vesting of restricted stock units.
Summary
- On March 3, 2024, Kari G. Moyes, SVP of HR at Clearwater Paper Corp, disposed of 426 shares of common stock at a price of $38.53 to cover tax obligations.
- Following this transaction, Moyes directly owns 71,301 shares of Clearwater Paper Corp.
- On March 4, 2024, Moyes disposed of 326 shares of common stock at a price of $38.53 to cover tax obligations.
- Following this transaction, Moyes directly owns 70,975 shares of Clearwater Paper Corp.
- The disposals were related to the vesting of restricted stock units granted in 2021 and 2022.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The stock disposal is unlikely to have a significant impact on stakeholders as it is related to tax obligations and represents a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Disposal of 426 shares of common stock to cover tax obligations related to the 2022 grant of restricted stock units that vested March 3, 2024. |
| 03/04/2024 | Disposal of 326 shares of common stock to cover tax obligations related to the 2021 grant of restricted stock units that vested March 4, 2024. |
| 03/05/2024 | Date of signature by Attorney-in-Fact, Michael S. Gadd. |
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