Form 4: Clearwater Paper Corp: Insider Sells Shares for Tax Withholding

Clearwater Paper Corp. reports that Sr. V.P. Mathew D. Passarello sold 179 shares of common stock to cover tax withholding obligations upon the vesting of restricted stock units.

Summary

• Mathew D. Passarello, Sr. V.P. of Clearwater Paper Corp., disposed of 179 shares of common stock on May 15, 2026.
• The transaction was to satisfy tax withholding requirements related to the vesting of a 2024 grant of restricted stock units.
• The shares were withheld by the company at a price of $13.72 per share.
• Following this transaction, Passarello beneficially owns 26,214 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the transaction is a standard tax-related event for restricted stock unit vesting and does not reflect a change in the insider's fundamental view of the company.

Negatives

• Insider selling, even for tax purposes, can sometimes be perceived negatively by the market.

Future Outlook

No specific future outlook or guidance is provided in this filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for insider transactions, often related to compensation plans like restricted stock units. The sale of shares to cover tax obligations is a common practice and does not necessarily indicate a negative view of the company's prospects by the insider.

Stakeholder Impact

• Shareholders: The sale of 179 shares is a minor transaction and is unlikely to have a significant impact on the stock price. It represents a standard part of executive compensation.

Key Dates

Keywords

Clearwater Paper Corp, CLW, Form 4, Insider Transaction, Stock Withholding, Restricted Stock Units, Tax Withholding, Share Disposal