Form 4: Clearwater Paper Corp: Officer Urlick Michael J Reports Tax Withholding Transactions
SEC Form 4 Filing
Michael J Urlick, a Senior Vice President at Clearwater Paper Corp, reports the withholding of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On March 15, 2025, Michael J Urlick, a Senior Vice President at Clearwater Paper Corp, had shares withheld by the company to cover tax obligations.
- 435 shares were withheld at a price of $23.95 related to the settlement of the 2023 restricted stock units.
- An additional 531 shares were withheld at a price of $23.95 related to the settlement of the 2024 restricted stock units.
- Following these transactions, Urlick directly owns 31,163 shares of Clearwater Paper Corp.
- The transactions were reported on March 18, 2025.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax withholding on vested stock, so it's neutral in sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard tax withholding procedures related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of the transactions (share withholding for tax obligations). |
| 03/18/2025 | Date the Form 4 was signed. |
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