Form 4: Clearwater Paper VP Sells Shares for Tax Obligations

Clearwater Paper's Senior VP, Mathew D. Passarello, disposed of 390 common shares to cover tax withholding requirements related to vested restricted stock units.

Summary

• Mathew D. Passarello, Senior Vice President of Clearwater Paper Corp (CLW), reported a transaction involving company common stock.
• On March 15, 2026, 390 shares of common stock were disposed of.
• These shares were withheld by Clearwater Paper Corporation to satisfy tax withholding requirements.
• The tax withholding was due at the settlement of restricted stock units (RSUs) granted in 2025, which vested on March 15, 2026.
• The price per share for the disposition was $13.11.
• Following this reported transaction, Mr. Passarello directly beneficially owns 26,393 shares of Clearwater Paper common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a non-discretionary transaction for tax purposes related to vested equity compensation, rather than a discretionary sale indicating management's sentiment about the company's prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that transactions involving the withholding of shares for tax purposes upon the vesting of restricted stock units are a common and routine occurrence in executive compensation across various industries. This particular filing reflects a standard administrative event rather than a discretionary sale based on market sentiment.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary transaction where shares were withheld for tax purposes upon the vesting of restricted stock units. It does not provide new information that would alter the fundamental investment thesis for Clearwater Paper Corp, hence a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Clearwater Paper, CLW, Insider Transaction, Form 4, Stock Sale, Restricted Stock Units, Tax Withholding, Executive Compensation