Form 4: Director Ann C. Nelson Receives Clearwater Paper Equity

Director Ann C. Nelson was granted 8,391.608 phantom stock units as part of the Clearwater Paper Corporation Deferred Compensation Plan.

Summary

• Director Ann C. Nelson acquired 8,391.608 phantom stock units on May 8, 2026.
• The units were granted at a price of $14.30 per unit.
• These units represent an annual award for service covering the period from May 1, 2026, through April 30, 2027.
• The units are set to vest on May 1, 2027, and will be settled in cash upon termination of service.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing regarding standard director compensation.

Positives

• Alignment of director interests with company performance through equity-based compensation.

Negatives

• None identified.

Risks

• Value of phantom stock units is tied to the future performance of Clearwater Paper common stock.

Future Outlook

The units will vest on May 1, 2027, and will be converted to cash upon the director's termination of service.

Industry Context

StockSavvy.ai notes that this is a routine director compensation disclosure common in the paper and packaging industry, reflecting standard corporate governance practices for board member retention.

Comparison to Industry Standards

• The use of phantom stock plans for directors is a standard practice among mid-cap industrial companies to align board incentives with shareholder value without immediate share dilution.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation grant.

Next Steps

• Vesting of phantom stock units on May 1, 2027.

Key Dates

Keywords

Clearwater Paper, CLW, Form 4, Director Compensation, Insider Transaction, Phantom Stock