Director Jeanne Hillman (CLW) receives phantom stock unit grant as deferred fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clearwater Paper Corp director Jeanne M. Hillman received a grant of phantom stock units as part of director compensation. She acquired 1,549.652 phantom stock units at a reference value of $15.81 per unit, bringing her total phantom stock unit balance to 13,173.328 units.
The phantom stock units are credited under Clearwater Paper’s Deferred Compensation Plan for Directors and are tied on a 1-for-1 basis to the value of the company’s common stock. According to the plan, they will be settled in cash on a date previously elected by Hillman, and the new allocations represent deferred quarterly retainer and meeting fees.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HILLMAN JEANNE M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,549.652 | $15.81 | $24K |
Holdings After Transaction:
Phantom Stock Units — 13,173.328 shares (Direct, null)
Footnotes (1)
- 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. 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. 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.
Key Figures
Phantom units granted: 1,549.652 units
Reference price per unit: $15.81 per unit
Total phantom units after grant: 13,173.328 units
+2 more
5 metrics
Phantom units granted
1,549.652 units
Grant of phantom stock units to director on 2026-07-01
Reference price per unit
$15.81 per unit
Transaction price for newly credited phantom stock units
Total phantom units after grant
13,173.328 units
Director’s phantom stock unit balance following the transaction
Underlying common stock linkage
1-for-1 basis
Each phantom stock unit tracks one share of common stock
Exercise/settlement date
2031-01-01
Stated exercise and expiration date for the phantom units record
Key Terms
Phantom stock units, Deferred Compensation Plan for Directors, Deferred Compensation Account, deferred quarterly retainer meeting fees
4 terms
Phantom stock units financial
"Phantom stock units are credited to the reporting person's account on the transaction date..."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan for Directors financial
"...in accordance with the provisions of the Clearwater Paper Corporation Deferred Compensation Plan for Directors..."
A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.
Deferred Compensation Account financial
"Phantom stock unit beneficial ownership represents phantom stock allocated to the reporting person's Deferred Compensation Account..."
deferred quarterly retainer meeting fees financial
"These phantom stock allocations represent deferred quarterly retainer meeting fees."
FAQ
What did Clearwater Paper (CLW) director Jeanne M. Hillman report on this Form 4?
Jeanne M. Hillman reported receiving 1,549.652 phantom stock units as director compensation. These units are credited under Clearwater Paper’s Deferred Compensation Plan for Directors and increase her total phantom unit balance to 13,173.328, all settled in cash based on the company’s common stock.
How many phantom stock units does Jeanne M. Hillman now hold in Clearwater Paper (CLW)?
After the reported grant, Jeanne M. Hillman holds 13,173.328 phantom stock units. This balance reflects units allocated to her Deferred Compensation Account, primarily representing deferred quarterly retainer and meeting fees earned as a director of Clearwater Paper Corporation.
What are phantom stock units in the Clearwater Paper (CLW) director compensation plan?
Phantom stock units are bookkeeping entries that track the value of Clearwater Paper common stock without issuing actual shares. Under the Deferred Compensation Plan for Directors, they are later converted to cash and paid out 1-for-1 based on the stock’s value at the elected payment date.
At what value were Jeanne M. Hillman’s Clearwater Paper (CLW) phantom stock units credited?
The reported 1,549.652 phantom stock units were credited at $15.81 per unit. This reference price is used for accounting within the Deferred Compensation Plan for Directors and ties each unit’s value to Clearwater Paper’s common stock on a 1-for-1 basis.
When will Clearwater Paper (CLW) pay out Jeanne M. Hillman’s phantom stock units?
The phantom stock units will be converted to cash and paid on a date previously elected by Jeanne M. Hillman. That payment timing follows the rules of Clearwater Paper’s Deferred Compensation Plan for Directors governing director elections and future cash settlements.