Michael S. Gadd - 24 Feb 2025 Form 4 Insider Report for Clearwater Paper Corp (CLW)

Signature
/s/ Michael S. Gadd
Issuer symbol
CLW
Transactions as of
24 Feb 2025
Net transactions value
+$342,506
Form type
4
Filing time
26 Feb 2025, 20:04:49 UTC
Previous filing
19 Mar 2024
Next filing
05 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLW Common Stock Award $0 +6,846 +8.9% $0.000000 83,355 24 Feb 2025 Direct F1, F2
transaction CLW Common Stock Award $459,077 +16,816 +20% $27.30 100,171 24 Feb 2025 Direct F3
transaction CLW Common Stock Tax liability $116,571 -4,270 -4.3% $27.30 95,901 24 Feb 2025 Direct F4
holding CLW Common Stock 28 24 Feb 2025 401(k)
* 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, 2026, 2027 and 2028, 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 2022-2024 Performance Share Grant.
F4 Represents shares withheld by Clearwater Paper Corporation to satisfy tax withholding requirements due at settlement of 2022-2024 Performance Share Grant.