Form 4: Clearwater Paper VP Controller Sells Shares for Tax

Clearwater Paper's VP, Controller, Rebecca Anne Barckley, disposed of common stock to cover tax obligations related to RSU vesting.

Summary

• Rebecca Anne Barckley, VP, Controller of Clearwater Paper Corp (CLW), reported the disposition of common stock.
• The transactions occurred on March 15, 2026, and were dispositions to the issuer to satisfy tax withholding requirements.
• A total of 423 shares (159 + 141 + 123) were disposed of at a price of $13.11 per share.
• These shares were related to the vesting of restricted stock units granted in 2023, 2024, and 2025.
• Following these transactions, Rebecca Anne Barckley beneficially owns 20,223 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a standard administrative transaction for tax purposes related to equity compensation, rather than a discretionary sale or purchase.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholding upon RSU vesting, are common and generally do not reflect a change in management's outlook on the company's future performance. These are routine administrative disclosures.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction by an insider for tax purposes.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary disposition of shares by an insider to cover tax obligations upon the vesting of restricted stock units. Such transactions are common and do not typically signal a change in the company's fundamentals or management's confidence. Therefore, it provides no new information that would warrant a change in investment recommendation, maintaining a 'hold' position.

Keywords

Clearwater Paper, CLW, Form 4, Insider Transaction, Restricted Stock Units, RSU, Tax Withholding, Rebecca Anne Barckley, VP Controller