Form 4: Clearwater Paper Exec Sells Shares for Tax Withholding

Clearwater Paper Corporation's SVP, General Counsel & Corporate Secretary, Marc D. Rome, disposed of 648 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• Marc D. Rome, SVP, General Counsel & Corporate Secretary of Clearwater Paper Corp, disposed of common stock.
• A total of 648 shares were disposed of across two transactions on March 15, 2026.
• 355 shares were withheld at a price of $13.11 per share to satisfy tax withholding requirements for restricted stock units granted in 2025 that vested on March 15, 2026.
• An additional 293 shares were withheld at a price of $13.11 per share for tax withholding requirements related to restricted stock units granted in 2024 that also vested on March 15, 2026.
• Following these transactions, Marc D. Rome beneficially owns 19,100 shares of Clearwater Paper Corp common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative transaction related to executive compensation rather than a strategic move or a reflection of company performance.

Positives

• The vesting of restricted stock units indicates continued compensation and retention of a key executive.

Negatives

• The disposition of shares, while for tax purposes, reduces the executive's direct equity stake in the company.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• Signed by Marc D. Rome.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as share dispositions for tax withholding upon RSU vesting, are common across all industries and typically do not reflect specific industry trends or competitive positioning.

Comparison to Industry Standards

• NA. This filing details a routine individual executive compensation event, not company performance or project results that would be benchmarked against industry standards or comparable companies.

Related Party Transactions

• The disposition of shares by Marc D. Rome, an SVP, General Counsel & Corporate Secretary, to satisfy tax obligations related to his vested restricted stock units, constitutes a routine transaction between a company executive (related party) and the issuer.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine, non-discretionary transaction for tax purposes.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Keywords

Clearwater Paper, CLW, Marc D. Rome, Form 4, Insider Transaction, Restricted Stock Units, Tax Withholding, Executive Compensation, Share Disposition