Form 4: Clearwater Paper Corp: Kari G. Moyes Reports Changes in Beneficial Ownership

Kari G. Moyes, SVP, HR of Clearwater Paper Corp, reports acquisition and disposal of common stock and restricted stock units.

Summary

• On February 26, 2024, Kari G. Moyes, SVP, HR of Clearwater Paper Corp, reported changes in beneficial ownership.
• Moyes acquired 5,221 restricted stock units (RSUs) that vest over three years starting March 15, 2025.
• Moyes also acquired 11,014 shares of common stock at $37.98 related to the settlement of a 2021-2023 Performance Share Grant.
• 2,819 shares were withheld by Clearwater Paper Corporation to satisfy tax obligations related to the Performance Share Grant settlement.
• Following these transactions, Moyes beneficially owns 71,727 shares of Clearwater Paper Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of executive compensation and stock transactions. There are no explicit positive or negative implications for the company's performance.

Positives

• The acquisition of RSUs and shares indicates continued alignment of the executive's interests with the company's long-term performance.

Negatives

• The withholding of shares for tax obligations reduces the immediate net gain for the reporting person.

Risks

• The vesting of RSUs is contingent upon continued employment, creating a potential risk of forfeiture if employment is terminated.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the RSUs implies a multi-year commitment from the executive.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates standard executive compensation practices.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, stock options, and restricted stock units (RSUs).
• The vesting schedule of the RSUs (33%, 33%, 34% over three years) is a common vesting structure.
• Similar companies like Domtar and Resolute Forest Products also utilize equity-based compensation to align executive interests with shareholder value.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder confidence due to the executive's increased stake in the company.

Key Dates