Jeanne M. Hillman - Jan 3, 2023 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
Jan 3, 2023
Transactions value $
$21,000
Form type
4
Date filed
1/5/2023, 04:15 PM
Previous filing
Oct 4, 2022
Next filing
Apr 5, 2023

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 Stock Units Award $21K +570 +325.8% $36.86 745 Jan 3, 2023 Common Stock 570 $36.86 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 on the date previously elected by the reporting person 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 quarterly retainer meeting fees.