Arsen S. Kitch - Feb 26, 2024 Form 4 Insider Report for Clearwater Paper Corp (CLW)

Role
President, CEO
Signature
/s/ Michael S. Gadd, Attorney-in-Fact
Stock symbol
CLW
Transactions as of
Feb 26, 2024
Transactions value $
$1,385,776
Form type
4
Date filed
2/28/2024, 05:14 PM
Previous filing
Apr 4, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLW Common Stock Award $0 +38.2K +19.41% $0.00 235K Feb 26, 2024 Direct F1, F2
transaction CLW Common Stock Award $2.04M +53.7K +22.83% $37.98 289K Feb 26, 2024 Direct F3
transaction CLW Common Stock Tax liability -$653K -17.2K -5.96% $37.98 272K Feb 26, 2024 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, 2025, 2026 and 2027, 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 2021-2023 Performance Share Grant.
F4 Represents shares withheld by Clearwater Paper Corporation to satisfy tax withholding requirements due at settlement of 2021-2023 Performance Share Grant.