Form 4: Clearwater Paper Corp: Kari G. Moyes Reports Changes in Beneficial Ownership
SEC Form 4 Filing
SVP of HR at Clearwater Paper Corp, Kari G. Moyes, reports transactions involving common stock and restricted stock units.
Summary
- Kari G. Moyes, SVP, HR of Clearwater Paper Corp, filed a Form 4 on February 26, 2025, reporting changes in beneficial ownership.
- The transactions include the acquisition of 5,666 restricted stock units (RSUs) at $0, 13,890 shares of common stock at $27.3, and the disposal of 3,586 shares to cover tax withholding requirements at $27.3.
- Following these transactions, Moyes beneficially owns 86,577 shares of Clearwater Paper Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating neutral sentiment.
Future Outlook
The RSUs will vest in three tranches: 33% on March 15, 2026, 33% on March 15, 2027, and 34% on March 15, 2028, assuming continued employment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company securities, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of Power of Attorney execution |
| 02/24/2025 | Date of earliest transaction: Acquisition of RSUs and common stock, disposal of shares for tax withholding |
| 02/26/2025 | Date of Form 4 filing |
| March 15, 2026 | First vesting date (33%) for RSUs |
| March 15, 2027 | Second vesting date (33%) for RSUs |
| March 15, 2028 | Third vesting date (34%) for RSUs |
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