Form 4: Clearwater Paper Corp Executive Urlick Michael J Reports Stock Disposals to Cover Tax Obligations

Michael J Urlick, SVP and GM of CPD at Clearwater Paper Corp, reported disposing of shares to cover tax withholding requirements related to vested restricted stock units.

Summary

• Michael J Urlick, a Senior Vice President and General Manager at Clearwater Paper Corp, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the disposal of 532 shares of common stock on March 3, 2024, at a price of $38.53 per share to cover tax obligations related to the vesting of 2022 restricted stock units.
• Additionally, 268 shares were disposed of on March 4, 2024, at the same price to cover tax obligations related to the vesting of 2021 restricted stock units.
• Following these transactions, Urlick directly owns 19,446 shares of Clearwater Paper Corp.
• The transactions were executed to satisfy tax withholding requirements upon the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to tax obligations and does not indicate any strategic shift or concern regarding the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.

Key Dates