Form 4: Clearwater Paper Corp Executive Urlick Michael J Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Senior Vice President of Clearwater Paper Corp, Michael J Urlick, reports disposing of 467 shares of common stock to cover tax obligations related to vested restricted stock units.
Summary
- On March 3, 2025, Michael J Urlick, a Senior Vice President at Clearwater Paper Corp, disposed of 467 shares of common stock.
- The shares were disposed of to satisfy tax withholding requirements related to the settlement of restricted stock units granted in 2022 that vested on March 3, 2025.
- The transaction was executed at a price of $26.15 per share.
- Following the transaction, Urlick directly owns 32,129 shares of Clearwater Paper Corp.
- The report was filed on March 5, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the executive is meeting tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of the stock disposal transaction and vesting of restricted stock units. |
| 03/05/2025 | Date the Form 4 was signed. |
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