Form 4: Clearwater Paper Corp: Insider Sells Shares for Tax Withholding

Clearwater Paper Corp. reports insider Marc D. Rome sold 226 shares of common stock to cover tax withholding obligations upon the vesting of restricted stock units.

Summary

• Marc D. Rome, SVP, Gen. Counsel & Corp. Sec. of Clearwater Paper Corp., reported a transaction on July 1, 2026.
• The transaction involved the disposal of 226 shares of common stock.
• These shares were withheld by the company to satisfy tax withholding requirements related to the vesting of a 2025 grant of restricted stock units.
• The price at which these shares were withheld was $15.68 per share.
• Following this transaction, Mr. Rome beneficially owns 18,874 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. The transaction is a routine tax-related event for an insider and does not provide new strategic or financial information about the company's performance.

Positives

• The transaction was a standard procedure to cover tax obligations, indicating no unexpected financial distress or forced selling by the insider.
• The insider, Marc D. Rome, continues to hold a significant number of shares (18,874) after the withholding, suggesting continued confidence in the company.

Negatives

• A disposal of shares, even for tax purposes, represents a reduction in the insider's direct beneficial ownership.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it solely reports a past transaction.

Industry Context

StockSavvy.ai notes that Form 4 filings, like this one from Clearwater Paper Corp. (CLW), are routine disclosures for insider transactions. The withholding of shares for tax purposes upon vesting of restricted stock units is a common practice and generally not indicative of a negative view on the company's prospects by the insider.

Stakeholder Impact

• Shareholders: No direct impact, as this is a standard tax-related share withholding by an insider and not a sale of shares on the open market.
• Employees: The transaction relates to the compensation structure for management, specifically the vesting of restricted stock units.

Key Dates

Keywords

Clearwater Paper Corp, CLW, Form 4, Insider Transaction, Stock Withholding, Tax Withholding, Restricted Stock Units, SEC Filing