Form 4 for CLW Clearwater Paper Corp
Accepted 2023-02-28 00:00:00 ET · period of report 2023-02-24 · accession 0001209191-23-013777 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-02-28 | 2023-02-24 | CLW | Gadd Michael S | Sr. VP | S - Sale | $37.63 | -8,685 | 52.3K | -14% | -$326.8K | |
| 2023-02-28 | 2023-02-27 | CLW | Gadd Michael S | Sr. VP | F - Tax | $38.23 | -5,979 | 76.0K | -7% | -$228.6K | |
| M | 2023-02-28 | 2023-02-27 | CLW | Gadd Michael S | Sr. VP | A - Grant | $31.09 | +29.7K | 82.0K | +57% | +$922.1K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-24 | S | D | 8,685 | $37.63 | 52,313 | D | — | — | (F1) 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 $37.44 to $37.81 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. (F2) Excludes 368 shares previously transferred in a non-reportable transaction. |
| 2 | Common | Common Stock | 2023-02-27 | F | D | 5,979 | $38.23 | 75,992 | D | — | — | (F6) Represents shares withheld by Clearwater Paper Corporation to satisfy tax witholding requirements due at settlement of 2020-2022 Performance Share Grant. |
| 3 | Common | Common Stock | 2023-02-27 | A | A | 5,538 | $0.00 | 57,851 | D | — | — | (F3) Represents award of restricted stock units ("RSUs"). RSUs may be settled only for shares of common stock on a one-for-one basis. (F4) Represents award of RSUs that will vest 33%, 33%, 34% on March 15, 2024, 2025 and 2026, 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. |
| 4 | Common | Common Stock | 2023-02-27 | A | A | 24,120 | $38.23 | 81,971 | D | — | — | (F5) Represents aggregate number of shares of common stock issuable in settlement of 2020-2022 Performance Share Grant. |