Michael John Murphy - 13 Apr 2023 Form 4 Insider Report for Clearwater Paper Corp (CLW)

Reporting relationship: Sr. VP, CFO
Issuer ticker: CLW
Reported as of: 13 Apr 2023
Net transaction value: -$347,286
SEC form: 4
Accepted by SEC: 17 Apr 2023, 14:15:06 UTC
Prior SEC filing: 07 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Michael S. Gadd, Attorney-in Fact

Key filing fact

Michael John Murphy filed Form 4 for Clearwater Paper Corp (CLW) on 17 Apr 2023.

Key facts

This page summarizes Michael John Murphy's Form 4 filing for Clearwater Paper Corp (CLW).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 17 Apr 2023, 14:15.

Change

Previous filing in this sequence was filed on 07 Mar 2023.
Current net transaction value: -$347,286.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CLW transaction

Common Stock

Tax liability

Transaction value: $31,234
Shares: -964
Change %: -1.6%
Price: $32.40
Shares after: 57,925
Date: 13 Apr 2023
Ownership: Direct
Footnotes: F1

CLW transaction

Common Stcok

Tax liability

Transaction value: $227,902
Shares: -7,034
Change %: -12%
Price: $32.40
Shares after: 50,891
Date: 13 Apr 2023
Ownership: Direct
Footnotes: F1

CLW transaction

Common Stock

Sale

Transaction value: $88,151
Shares: -2,681
Change %: -5.3%
Price: $32.88
Shares after: 48,210
Date: 14 Apr 2023
Ownership: Direct
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 3 footnotes

Footnote F1

Represents shares withheld by Clearwater Paper Corporation to satisfy tax withholding requirements due at settlement of the 2020 grant of restricted stock units that vested April 13, 2023.

Footnote F2

This transaction was executed pursuant to a sale in accordance with a 10b5-1 Trading Plan for taxes.

Footnote F3

This price represents the weighted average purchase price for multiple transactions reported on this line. The price of the transactions reported on this line range between $32.73 to $33.25 per share. Upon request by the Commission staff, the issuer or a security holder of the issuer, the reporting person will undertake to provide full information regarding the number of shares purchased at each separate price within the range.