Clearwater Paper (NYSE: CLW) CFO shares withheld for taxes

Rhea-AI Filing Summary

Clearwater Paper Corp (CLW) reported an insider equity transaction by SVP and CFO Sherri Baker. On August 15, 2026, 4,634 shares of common stock were disposed of at $21.42 per share to satisfy tax withholding requirements upon settlement of a 2023 special grant of restricted stock units that vested that day. After this withholding transaction, Baker directly held 40,847 shares of Clearwater Paper common stock.

Insider Trade Summary

Net Seller: 4,634 shares

Net Sell 1 txn

Insider Baker Sherri

Role SVP, CFO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	4,634	$21.42	$99K

Holdings After Transaction: Common Stock — 40,847 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld by Clearwater Paper Corporation to satisfy tax withholding requirements due at settlement of the 2023 special grant of restricted stock units that vested August 15, 2026.

Key Figures

Shares withheld for taxes: 4,634 shares Price per share: $21.42 per share Shares owned after transaction: 40,847 shares +2 more

5 metrics

Shares withheld for taxes 4,634 shares Common stock withheld August 15, 2026 to satisfy tax withholding requirements

Price per share $21.42 per share Valuation used for the August 15, 2026 tax-withholding disposition

Shares owned after transaction 40,847 shares Direct ownership by Sherri Baker following the August 15, 2026 transaction

RSU vesting date August 15, 2026 Vesting date of the 2023 special grant of restricted stock units

RSU grant year 2023 Year of the special grant of restricted stock units that vested

Key Terms

restricted stock units, tax withholding requirements, withheld by Clearwater Paper Corporation

3 terms

restricted stock units financial

"special grant of restricted stock units that vested August 15, 2026"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax withholding requirements financial

"shares withheld by Clearwater Paper Corporation to satisfy tax withholding requirements"

withheld by Clearwater Paper Corporation financial

"Represents shares withheld by Clearwater Paper Corporation to satisfy tax"

FAQ

What insider transaction did Clearwater Paper Corp (CLW) disclose for Sherri Baker?

Clearwater Paper Corp disclosed that SVP and CFO Sherri Baker had 4,634 shares of common stock withheld on August 15, 2026 to cover tax obligations related to a vesting restricted stock unit grant.

Was the recent CLW insider transaction by Sherri Baker an open-market sale?

No. The Form 4 states the 4,634 shares were withheld by Clearwater Paper to satisfy tax withholding requirements at settlement of a 2023 special restricted stock unit grant, not an open-market sale.

What price per share was used for the CLW tax-withholding transaction?

The shares withheld for Clearwater Paper’s tax-withholding transaction were valued at $21.42 per share. This price is reported on the Form 4 for the August 15, 2026 disposition used to cover tax liabilities.

How many Clearwater Paper (CLW) shares does Sherri Baker hold after this transaction?

Following the August 15, 2026 tax-withholding disposition, Sherri Baker directly holds 40,847 shares of Clearwater Paper common stock. This post-transaction ownership figure is explicitly reported in the Form 4 filing.

What event triggered the CLW share withholding for Sherri Baker?

The withholding of 4,634 shares was triggered by the vesting on August 15, 2026 of a 2023 special grant of restricted stock units. Shares were withheld to cover tax obligations due at that settlement.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/18/2026 - 05:03 PM Accepted by SEC EDGAR 08/18/2026 - 05:03 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Baker Sherri

(Last) (First) (Middle)

601 W RIVERSIDE AVE SUITE 300

(Street)

SPOKANE WASHINGTON 99201

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/15/2026		F		4,634(1)	D	$21.42	40,847	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld by Clearwater Paper Corporation to satisfy tax withholding requirements due at settlement of the 2023 special grant of restricted stock units that vested August 15, 2026.

Remarks:

	/s/ Marc D. Rome, Attorney-in-Fact	08/18/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)