Form 4: Clearwater Paper Corp: Executive Michael S. Gadd Reports Stock Transactions
SEC Form 4 Filing
Michael S. Gadd, SVP, GC, and Corporate Secretary of Clearwater Paper Corp, reports the withholding of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On March 15, 2025, Michael S. Gadd, an officer of Clearwater Paper Corp, had shares withheld to cover tax obligations.
- 446 shares were withheld at a price of $23.95 related to the vesting of the 2023 restricted stock units.
- An additional 507 shares were withheld at a price of $23.95 related to the vesting of the 2024 restricted stock units.
- Following these transactions, Gadd directly owns 94,417 shares of common stock and indirectly owns 28 shares through a 401(k).
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock transactions for tax purposes. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common for publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of the stock transactions (withholding of shares for tax obligations). |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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