Form 4: Clearwater Paper Corp: Mathew D Passarello Reports Changes in Beneficial Ownership

Mathew D Passarello, a Senior VP at Clearwater Paper Corp, reports the disposition of 179 common stock shares to cover tax obligations related to vested restricted stock units.

Summary

• On May 15, 2025, Mathew D Passarello, a Senior VP at Clearwater Paper Corp, disposed of 179 shares of common stock.
• The shares were disposed of to satisfy tax withholding requirements upon the vesting of restricted stock units granted in 2024.
• The transaction occurred at a price of $28.51 per share.
• Following the transaction, Passarello directly owns 16,361 shares of Clearwater Paper Corp common stock.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate any positive or negative sentiment regarding the company's performance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard practice of covering tax obligations related to equity compensation.

Comparison to Industry Standards

• Similar transactions are common across publicly traded companies where executives receive equity compensation.
• Companies like International Paper (IP) and WestRock (WRK) also see similar filings from their executives related to stock option exercises and RSU vesting.
• The number of shares disposed of and the price per share are specific to the individual's holdings and the company's stock performance.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares being disposed of by an executive to cover tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Clearwater Paper Corp, CLW, Mathew D Passarello, Restricted Stock Units, Tax Withholding