Form 4: Clearwater Paper Director Receives Phantom Stock Award
Director Compensation Disclosure
Director Joe W. Laymon was granted 8,391.608 phantom stock units as part of the company's deferred compensation plan.
Summary
- Director Joe W. Laymon acquired 8,391.608 phantom stock units on May 8, 2026.
- The units were granted under the Clearwater Paper Corporation Deferred Compensation Plan for Directors.
- The grant represents an annual award for service covering the period from May 1, 2026, through April 30, 2027.
- The units are valued at $14.30 per unit and will vest on May 1, 2027.
- Following this transaction, the director holds a total of 35,818.273 phantom stock units.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on the company's financial outlook.
Positives
- Alignment of director interests with long-term company performance through equity-linked compensation.
Negatives
- None identified.
Risks
- Value of phantom stock is tied to the future performance of Clearwater Paper common stock.
- Liquidity of the award is deferred until the director's termination of service.
Future Outlook
The phantom stock units will vest on May 1, 2027, and will be converted to cash upon the director's termination of service.
Management Comments
- The phantom stock units are credited to the reporting person's account in accordance with the provisions of the Clearwater Paper Corporation Deferred Compensation Plan for Directors.
Industry Context
StockSavvy.ai notes that this is a standard corporate governance practice where directors receive equity-based compensation to ensure alignment with shareholder interests, common among mid-cap manufacturing and paper product companies.
Comparison to Industry Standards
- The use of phantom stock plans for directors is a standard practice in the paper and packaging industry to defer compensation and maintain alignment with stock price performance.
- The grant structure is consistent with typical annual director compensation cycles observed in similar publicly traded entities.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Grant | Annual award grant for director service under the Deferred Compensation Plan. | 2026-05-08 | Neutral; standard governance practice. |
Stakeholder Impact
- Shareholders: Minimal impact; represents standard director compensation.
Next Steps
- Vesting of the phantom stock units on May 1, 2027.
Key Dates
| Date | Description |
|---|---|
| 2026-05-01 | Start of service period for the annual award grant. |
| 2026-05-08 | Transaction date of the phantom stock grant. |
| 2026-05-12 | Filing date of the Form 4. |
| 2027-04-30 | End of service period for the annual award grant. |
| 2027-05-01 | Vesting date for the phantom stock units. |
Keywords
Clearwater Paper, CLW, Form 4, Director Compensation, Phantom Stock, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.