Michael S. Gadd - 26 Feb 2024 Form 4 Insider Report for Clearwater Paper Corp (CLW)

Role
SVP, GC, Corp Secretary
Signature
/s/ Michael S. Gadd
Issuer symbol
CLW
Transactions as of
26 Feb 2024
Net transactions value
+$379,268
Form type
4
Filing time
28 Feb 2024, 17:22:53 UTC
Previous filing
08 Aug 2023
Next filing
05 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLW Common Stock Award $0 +6,308 +10% $0.000000 68,151 26 Feb 2024 Direct F1, F2
transaction CLW Common Stock Award $507,223 +13,355 +20% $37.98 81,506 26 Feb 2024 Direct F3
transaction CLW Common Stock Tax liability $127,955 -3,369 -4.1% $37.98 78,137 26 Feb 2024 Direct F4
holding CLW Common Stock 28 26 Feb 2024 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, 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.