Sherri Baker - 26 Feb 2026 Form 4 Insider Report for Clearwater Paper Corp (CLW)

Role: SVP, CFO
Signature: /s/ Marc D. Rome, Attorney-in-Fact
Issuer symbol: CLW
Transactions as of: 26 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 02 Mar 2026, 18:26:10 UTC
Previous filing: 18 Mar 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Baker Sherri	SVP, CFO	601 W RIVERSIDE AVE SUITE 300, SPOKANE	/s/ Marc D. Rome, Attorney-in-Fact	02 Mar 2026	0001773142

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLW	Common Stock	Award	$0	+15,220	+49%	$0.000000	46,574	26 Feb 2026	Direct	F1, F2

* 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, 2027, 2028 and 2029, 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.