Form 4: Clearwater Paper Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Rebecca Anne Barckley, VP and Controller of Clearwater Paper Corp, disposed of 123 shares to cover tax obligations related to vested restricted stock units.
Summary
- On March 15, 2024, Rebecca Anne Barckley, VP and Controller of Clearwater Paper Corp, disposed of 123 shares of common stock at a price of $40.76.
- The transaction was executed to satisfy tax withholding requirements due at the settlement of the 2023 grant of restricted stock units that vested on March 15, 2024.
- Following the transaction, Barckley directly owns 11,632 shares of Clearwater Paper Corp.
- The transaction was reported on March 19, 2024.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being sold by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Disposal of shares to cover tax obligations; Vesting date of restricted stock units. |
| 03/19/2024 | Date of Form 4 filing. |
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