Form 4: Clearwater Paper Corp Executive Urlick Michael J Reports Stock Transaction
SEC Form 4 Filing
Michael J Urlick, SVP, GM CPD of Clearwater Paper Corp, reports the disposition of 88 common stock shares to cover tax obligations upon vesting of restricted stock units on July 15, 2024.
Summary
- On July 15, 2024, Michael J Urlick, SVP, GM CPD of Clearwater Paper Corp, disposed of 88 shares of common stock.
- The shares were disposed of to satisfy tax withholding requirements related to the vesting of restricted stock units.
- The transaction price was $46.73 per share.
- Following the transaction, Urlick directly owns 18,923 shares of Clearwater Paper Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations from vested stock, a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of the stock transaction and vesting of restricted stock units. |
| 07/17/2024 | Date of the report filing. |
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