Kevin J. Hunt - May 18, 2021 Form 4 Insider Report for Clearwater Paper Corp (CLW)

Role
Director
Signature
/s/ Michael S. Gadd, Attorney-in-Fact
Stock symbol
CLW
Transactions as of
May 18, 2021
Transactions value $
$100,000
Form type
4
Date filed
5/20/2021, 05:15 PM
Next filing
Jan 5, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CLW Phantom Common Stock Award $100K +3.1K +13.73% $32.25 25.7K May 18, 2021 Common Stock 3.1K $32.25 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Phantom stock units are credited to the reporting person's account on the transaction date in accordance with the provisions of the Clearwater Paper Corporation Deferred Compensation Plan for Directors and will be converted to cash and paid on a 1-for-1 basis with the issuer's common stock.
F2 Phantom stock units will be converted to cash and paid upon the reporting person's termination from service with Clearwater Paper in accordance with the provisions of the Clearwater Paper Corporation Deferred Compensation Plan for Directors.
F3 Phantom stock unit beneficial ownership represents phantom stock allocated to the reporting person's Deferred Compensation Account since the reporting person's last report. These phantom stock allocations represent an annual award grant for service from May 1, 2021 through April 30, 2022. These phantom stock units will vest May 1, 2022.