Clearwater Paper (NYSE: CLW) SVP has 381 shares withheld for RSU taxes

Rhea-AI Filing Summary

Clearwater Paper Corp Senior Vice President Virginia L. Aulin reported a tax-related share disposition tied to equity compensation. On March 15, 2026, 381 shares of common stock were withheld at $13.11 per share to satisfy tax withholding requirements on a 2025 restricted stock unit grant that vested that day. After this withholding, Aulin directly owned 12,919 shares of Clearwater Paper common stock. This was a compensation-related settlement rather than an open-market stock sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Aulin Virginia L.

Role Senior Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	381	$13.11	$5K

Holdings After Transaction: Common Stock — 12,919 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Aulin Virginia L.

(Last) (First) (Middle)

601 W. RIVERSIDE AVE

SUITE 300

(Street)

SPOKANE WA 99201

(City) (State) (Zip)

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)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

4. 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 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(1)	03/15/2026		F		381	D	$13.11	12,919	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 2025 grant of restricted stock units that vested March 15, 2026.

Remarks:

	/s/Marc D. Rome, Attorney-in-Fact	03/17/2026
	** 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.

FAQ

What insider transaction did Clearwater Paper (CLW) report for Virginia L. Aulin?

Clearwater Paper reported that Senior Vice President Virginia L. Aulin had 381 common shares withheld to cover tax obligations on vested restricted stock units, rather than executing an open-market purchase or sale.

How many Clearwater Paper (CLW) shares were withheld for taxes in this Form 4?

The Form 4 shows 381 Clearwater Paper common shares were withheld. The shares were applied to satisfy tax withholding requirements when a 2025 restricted stock unit grant vested on March 15, 2026.

At what price per share were Clearwater Paper (CLW) shares withheld for Virginia L. Aulin?

The withheld shares are reported at a price of $13.11 per share. This figure is used to value the 381 Clearwater Paper common shares applied to meet tax withholding obligations on the vested restricted stock units.

How many Clearwater Paper (CLW) shares does Virginia L. Aulin hold after this transaction?

Following the tax-withholding disposition, Virginia L. Aulin directly holds 12,919 Clearwater Paper common shares. This reflects her remaining equity position after 381 shares were withheld to satisfy tax liabilities on the vesting award.

Does the Clearwater Paper (CLW) Form 4 show an open-market sale by Virginia L. Aulin?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by Clearwater Paper to cover tax liabilities at settlement of vested restricted stock units granted in 2025.