Form 4: Clearwater Paper Corp: SVP Bowden Sells Shares to Cover Tax Obligations

Steve M. Bowden, SVP of Clearwater Paper Corp, disposed of shares to cover tax withholding requirements upon the vesting of restricted stock units.

Summary

• On March 3, 2024, Steve M. Bowden, SVP of Clearwater Paper Corp, disposed of 519 shares of common stock at a price of $38.53 to cover tax obligations.
• Following this transaction, Bowden directly owns 63,207 shares of Clearwater Paper Corp.
• On March 4, 2024, Bowden disposed of 372 shares of common stock at a price of $38.53 to cover tax obligations.
• Following this transaction, Bowden directly owns 62,835 shares of Clearwater Paper Corp.
• The shares were withheld by Clearwater Paper Corporation to satisfy tax withholding requirements due at settlement of restricted stock units that vested on March 3, 2024 and March 4, 2024.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects routine transactions related to executive compensation and tax obligations.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units and the subsequent sale of shares to cover tax obligations, a common practice among corporate executives.

Stakeholder Impact

• The disposal of shares by an SVP could have a minor impact on shareholder sentiment, but is unlikely to be significant given the routine nature of the transaction.

Key Dates