Michael John Murphy - 03 Mar 2022 Form 4 Insider Report for Clearwater Paper Corp (CLW)

Role
Sr. VP, CFO
Signature
/s/Michael S. Gadd, Attorney-in-fact
Issuer symbol
CLW
Transactions as of
03 Mar 2022
Net transactions value
-$13,725
Form type
4
Filing time
07 Mar 2022, 16:15:49 UTC
Previous filing
18 Feb 2022
Next filing
14 Apr 2022
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 +6,470 +21% $0.000000 36,657 03 Mar 2022 Direct F1, F2
transaction CLW Common Stock Tax liability $13,725 -471 -1.3% $29.14 36,186 04 Mar 2022 Direct F3
* 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, 2023, 2024 and 2025, 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 shares withheld by Clearwater Paper Corporation to satisfy tax withholding requirements due at settlement of restricted stock units that vested March 4, 2022.