Michael S. Gadd - 03 Mar 2022 Form 4 Insider Report for Clearwater Paper Corp (CLW)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLW	Common Stock	Award	$0	+6,406	+8.7%	$0.000000	80,030	03 Mar 2022	Direct	F1, F2, F3
transaction	CLW	Common Stock	Award	$234,256	+8,039	+10%	$29.14	88,069	03 Mar 2022	Direct	F4
transaction	CLW	Common Stock	Tax liability	$57,814	-1,984	-2.3%	$29.14	86,085	03 Mar 2022	Direct	F5
transaction	CLW	Common Stock	Tax liability	$14,482	-506	-0.59%	$28.62	85,579	03 Mar 2022	Direct	F6
transaction	CLW	Common Stock	Tax liability	$11,161	-383	-0.45%	$29.14	85,196	04 Mar 2022	Direct	F7
holding	CLW	Common Stock						28	03 Mar 2022	401(k)

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Represents award of restricted stock units ("RSUs"). RSUs may be settled only for shares of common stock on a one-for-one basis.
F2	Represents award of RSUs that will vest 33%, 33%, 34% on March 15, 2023, 2024 and 2025, respectively, assuming continued employment. During the vesting period, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be converted into additional RSUs.
F3	Excludes 227 shares previously transferred in a non-reportable transaction.
F4	Represents aggregate number of shares of common stock issuable in settlement of 2019-2021 Performance Share Grant.
F5	Represents shares withheld by Clearwater Paper Corporation to satisfy tax witholding requirements due at settlement of 2019-2021 Performance Share Grant.
F6	Represents shares withheld by Clearwater Paper Corporation to satisfy tax withholding requirements due at settlement of restricted stock units that vested March 3, 2022.
F7	Represents shares withheld by Clearwater Paper Corporation to satisfy tax withholding requirements due at settlement of restricted stock units that vested March 4, 2022.