Form 4: Clearwater Paper Corp Executive Reports Stock Transactions

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

• Michael S. Gadd, a senior executive at Clearwater Paper Corp, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates that shares of common stock were withheld by Clearwater Paper Corporation to satisfy tax withholding requirements.
• These withholdings occurred upon the vesting of restricted stock units granted in 2022 and 2021.
• Specifically, 515 shares were withheld on March 3, 2024, at a price of $38.53, and 394 shares were withheld on March 4, 2024, also at $38.53.
• Following these transactions, Gadd directly owns 77,228 shares of Clearwater Paper Corp.
• The filing was signed on March 5, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding stock transactions, and does not contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency regarding insider transactions.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects standard executive compensation practices.

Key Dates