Arsen S. Kitch - Feb 27, 2023 Form 4 Insider Report for Clearwater Paper Corp (CLW)

Role
President & CEO, Director
Signature
/s/ Michael S. Gadd, Attorney-in-fact
Stock symbol
CLW
Transactions as of
Feb 27, 2023
Transactions value $
$2,277,246
Form type
4
Date filed
3/1/2023, 04:16 PM
Previous filing
Apr 5, 2022
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLW Common Stock Award $0 +29K +24.79% $0.00 146K Feb 27, 2023 Direct F1, F2
transaction CLW Common Stock Award $3.51M +91.8K +62.8% $38.23 238K Feb 27, 2023 Direct F3
transaction CLW Common Stock Tax liability -$1.23M -32.2K -13.54% $38.23 206K Feb 27, 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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, 2024, 2025 and 2026, 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 Represents aggregate number of shares of common stock issuable in settlement of 2020-2022 Performance Share Grant.
F4 Represents shares withheld by Clearwater Paper Corporation to satisfy tax witholding requirements due at settlement of 2020-2022 Performance Share Grant.