Form 4: Clearwater Paper Corp Executive Kari G. Moyes Reports Stock Transactions
SEC Form 4 Filing
Kari G. Moyes, SVP, HR of Clearwater Paper Corp, reports the disposal of shares to cover tax obligations and a sale under a 10b5-1 trading plan.
Summary
- On March 15, 2025, Kari G. Moyes, SVP, HR of Clearwater Paper Corp, disposed of 369 shares of common stock at a price of $23.95 to satisfy tax withholding requirements from the settlement of 2023 restricted stock units.
- An additional 420 shares were disposed of on the same day at $23.95 to cover tax obligations from the settlement of 2024 restricted stock units.
- On March 17, 2025, Moyes sold 1,132 shares at $23.98 per share under a pre-arranged 10b5-1 trading plan for taxes.
- Following these transactions, Moyes directly owns 81,439 shares of Clearwater Paper Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of 10b5-1 trading plans is a common practice to avoid accusations of insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Shares withheld to satisfy tax withholding requirements due at settlement of the 2023 grant of restricted stock units that vested. |
| 03/15/2025 | Shares withheld to satisfy tax withholding requirements due at settlement of the 2024 grant of restricted stock units that vested. |
| 03/17/2025 | Sale of shares in accordance with a 10b5-1 Trading Plan for taxes. |
| 03/18/2025 | Date of signature by Attorney-in-Fact. |
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