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.
Clearwater Paper Corp President and CEO Arsen S. Kitch reported an amended insider transaction showing an award of 9,154 restricted stock units (RSUs) of common stock granted for no cash consideration. These RSUs vest 33%, 33%, and 34% on March 15, 2027, 2028 and 2029, assuming continued employment, and dividend equivalents will convert into additional RSUs during the vesting period. Following this grant, Kitch directly holds 403,029 shares of common stock. The amendment clarifies that the previously reported price was only the market price used to determine the number of RSUs and not an amount actually paid.
Clearwater Paper Corp President and CEO Arsen S. Kitch received an equity award of 9,154 restricted stock units (RSUs) of common stock. The RSUs are a form of stock-based compensation and are not an open-market purchase or sale.
The RSUs will vest in three tranches of 33%, 33% and 34% on March 15, 2027, 2028 and 2029, assuming continued employment. During the vesting period, dividend equivalents on these RSUs will be converted into additional RSUs. After this grant, Kitch directly holds 403,029 shares of Clearwater Paper common stock.
Clearwater Paper Corp senior vice president Mathew D. Passarello reported a routine tax-related share disposition. On May 15, 2026, 179 shares of common stock were withheld by the company at $13.72 per share to satisfy tax withholding for his 2024 restricted stock unit grant that vested that day. Following this withholding, he directly holds 26,214 shares of Clearwater Paper common stock.
Vickers Tucker Christine M. reported acquisition or exercise transactions in this Form 4 filing.
Clearwater Paper Corp director Christine M. Vickers Tucker received a grant of 8,391.608 phantom common stock units on May 8, 2026 as compensation under the Deferred Compensation Plan for Directors. The units track Clearwater Paper’s common stock 1-for-1, are cash-settled after her service ends, and will vest on May 1, 2027. Following this award, her deferred phantom stock balance is 26,540.107 units.
TOELDTE ALEXANDER reported acquisition or exercise transactions in this Form 4 filing.
Clearwater Paper Corp director Alexander Toeldte received a compensation-related phantom stock award, not an open-market trade. On May 8, 2026, he was granted 8,391.608 phantom common stock units at $14.30 per unit under the Deferred Compensation Plan for Directors, bringing his total phantom units to 46,856.445. These units relate to board service from May 1, 2026 through April 30, 2027 and will vest on May 1, 2027, then be paid in cash based on Clearwater Paper’s common stock.
Clearwater Paper Corp director John P. O'Donnell received a grant of 8,391.608 phantom common stock units on May 8, 2026 as compensation. These units are credited under the Clearwater Paper Corporation Deferred Compensation Plan for Directors at a reference price of $14.30 per unit and track the value of the company’s common stock on a 1-for-1 basis.
The award represents the annual grant for board service from May 1, 2026 through April 30, 2027 and will vest on May 1, 2027. After this grant, O'Donnell holds a total of 43,574.528 phantom stock units in his deferred compensation account, which will be converted to cash and paid after his service with the company ends.
Nelson Ann C reported acquisition or exercise transactions in this Form 4 filing.
Clearwater Paper Corp director Ann C. Nelson received an award of 8,391.608 phantom common stock units on May 8, 2026 under the company’s Deferred Compensation Plan for Directors. These units track Clearwater Paper’s common stock on a 1-for-1 basis but are settled in cash, not shares.
The award represents the annual grant for board service from May 1, 2026 through April 30, 2027 and will vest on May 1, 2027. Following this grant, Nelson’s deferred compensation account reflects a total of 30,593.613 phantom stock units, which will be paid in cash after her service with Clearwater Paper ends.
Clearwater Paper Corp director Joe W. Laymon received an award of 8,391.608 phantom common stock units on May 8, 2026 at a reference price of $14.30 per unit under the company’s Deferred Compensation Plan for Directors.
These phantom stock units represent the annual award for board service from May 1, 2026 through April 30, 2027 and will vest on May 1, 2027. They are credited to a deferred compensation account and will be converted to cash and paid on a 1‑for‑1 basis with Clearwater Paper common stock upon Laymon’s termination of service. Following this grant, Laymon’s reported phantom stock balance is 35,818.273 units, reflecting deferred, cash‑settled director compensation rather than an open‑market share purchase or sale.
HILLMAN JEANNE M reported acquisition or exercise transactions in this Form 4 filing.
Clearwater Paper Corp director Jeanne M. Hillman received 8,391.608 phantom stock units valued at $14.30 per unit as an annual board compensation award for service from May 1, 2026 through April 30, 2027. These units vest on May 1, 2027 and will be settled in cash on a 1-for-1 basis with Clearwater Paper common stock after her service ends, bringing her total phantom stock holdings to 21,324.556 units.