Jeanne M. Hillman - Oct 1, 2025 Form 4 Insider Report for Clearwater Paper Corp (CLW)

Role
Director
Signature
/s/ Marc D. Rome, Attorney-in-Fact
Stock symbol
CLW
Transactions as of
Oct 1, 2025
Transactions value $
$24,500
Form type
4
Date filed
10/3/2025, 11:21 AM
Previous filing
Jul 3, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
HILLMAN JEANNE M Director 601 W RIVERSIDE AVE. SUITE 1100, SPOKANE /s/ Marc D. Rome, Attorney-in-Fact 2025-10-03 0001356114

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CLW Phantom Stock Units Award $24.5K +1.2K +16.26% $20.46 8.56K Oct 1, 2025 Common Stock 1.2K $20.46 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Phantom stock units are credited to the reporting person's account on the transaction date in accordance with the provisions of the Clearwater Paper Corporation Deferred Compensation Plan for Directors and will be converted to cash and paid on a 1-for-1 basis with the issuer's common stock.
F2 Phantom stock units will be converted to cash and paid on the date previously elected by the reporting person in accordance with the provisions of the Clearwater Paper Corporation Deferred Compensation Plan for Directors.
F3 Phantom stock unit beneficial ownership represents phantom stock allocated to the reporting person's Deferred Compensation Account since the reporting person's last report. These phantom stock allocations represent deferred quarterly retainer meeting fees.