Clearwater Paper (CLW) discloses 3,306 RSUs for senior VP

Rhea-AI Filing Summary

Clearwater Paper Corp senior vice president Virginia L. Aulin reported beneficial ownership of 3,306 shares of common stock through restricted stock units (RSUs) as of January 1, 2026. The RSU award converts to common stock on a one-for-one basis. The units are scheduled to vest in three installments of 33%, 33%, and 34% on March 15, 2026, 2027, and 2028, assuming continued employment, with dividend equivalents credited as additional RSUs during the vesting period.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Aulin Virginia L.

(Last) (First) (Middle)

601 W. RIVERSIDE AVE

SUITE 1100

(Street)

SPOKANE WA 99201

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2026

3. Issuer Name and Ticker or Trading Symbol
Clearwater Paper Corp [ CLW ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock(1)	3,306(2)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents award of restricted stock units ("RSUs"). RSUs may be settled only for shares of common stock on a one-for-one basis.

2. Represents award of RSUs that will vest 33%, 33%, 34% on March 15, 2026, 2027 and 2028, 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.

Remarks:

	/s/Marc D. Rome, Attorney-in-Fact	01/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who is the insider reporting holdings in Clearwater Paper Corp (CLW)?

The reporting person is Virginia L. Aulin, who serves as a Senior Vice President of Clearwater Paper Corp.

How many Clearwater Paper Corp (CLW) shares does the insider beneficially own?

Virginia L. Aulin reported beneficial ownership of 3,306 shares of common stock, represented by restricted stock units (RSUs) that settle into common shares on a one-for-one basis.

What type of equity award did the Clearwater Paper (CLW) executive receive?

The executive received an award of restricted stock units (RSUs), which may be settled only in shares of Clearwater Paper common stock on a one-for-one basis.

What is the vesting schedule for the Clearwater Paper (CLW) RSU award?

The RSUs will vest 33%, 33%, and 34% on March 15, 2026, March 15, 2027, and March 15, 2028, respectively, assuming the executive remains employed.

How are dividends treated on the Clearwater Paper (CLW) RSUs?

During the vesting period, an amount equal to the dividends that would have been paid on the RSUs if they were common stock will be converted into additional RSUs.

Is the Clearwater Paper (CLW) RSU holding reported as direct or indirect ownership?

The 3,306 RSU-based common share holding is reported as direct (D) beneficial ownership by Virginia L. Aulin.