Clearwater Paper Corp (CLW)

Current Report Filed: 2026-05-12

Key Insights

Shareholders approved a new 2026 Stock Incentive Plan with 2,000,000 new shares available for grants, replacing the prior plan and providing flexibility for executive compensation going forward.
The company adopted an officer exculpation amendment to its certificate of incorporation and a forum selection provision in bylaws, which could reduce litigation risk but may limit shareholder remedies in certain disputes.
All five director nominees were elected with strong support (98.9%-98.6% approval rates), and KPMG LLP was ratified as independent auditor, indicating stable governance and stakeholder confidence.
Say-on-pay vote passed with 84.8% approval despite some opposition, suggesting general shareholder satisfaction with executive compensation structure though not overwhelming consensus.

Current Report Filed: 2026-04-28

Key Insights

Clearwater Paper announced Q1 2026 earnings results on April 28, 2026, disclosing both GAAP and adjusted metrics (Adjusted EBITDA and Adjusted Net Income) to provide supplemental performance measures commonly used in the paper industry for comparability across companies with different capital structures.
The company explicitly discloses the limitations of non-GAAP metrics, noting that Adjusted EBITDA excludes material items like interest expense, taxes, and depreciation/amortization, while Adjusted Net Income excludes goodwill impairment and discontinued operations charges adjusted for normalized tax rates.
The 8-K filing is relatively routine earnings disclosure with supplemental financial information provided, indicating normal quarterly reporting rather than disclosure of material events, strategic changes, or significant corporate actions that would typically drive stock movement.

Quarterly Report Filed: 2026-04-28

Key Insights

The filing shows Q1 2026 results for Clearwater Paper, a manufacturer of foodservice, folding carton, and sheeting/distribution products with operations across multiple segments that require detailed margin and volume analysis.
The document structure indicates the company maintains defined benefit pension and postretirement plans with accumulated adjustments tracked through comprehensive income accounts, suggesting potential future liability impacts.
The presence of Senior Notes debt and a JPMorgan Chase credit facility in the balance sheet indicates the company maintains leverage for capital structure management that should be monitored relative to cash generation from operations.

Insider Trading Filed: 2026-04-03

Key Insights

Jeanne M. Hillman, a director of Clearwater Paper Corp (CLW), acquired 1,676.934 phantom stock units on April 1, 2026 as part of her deferred compensation plan.
The phantom stock units will be converted to cash and paid on January 1, 2031, indicating a long-term investment horizon.
Hillman's total beneficial ownership of phantom stock units now stands at 11,623.676, representing a significant portion of her compensation tied to Clearwater Paper's stock performance.

Insider Trading Filed: 2026-03-17

Key Insights

Virginia L. Aulin, a Senior Vice President at Clearwater Paper Corp, sold 381 shares of common stock on March 15, 2026 at $13.11 per share. This transaction was made to satisfy tax withholding requirements at the settlement of Aulin's 2025 restricted stock unit grant.
Following the transaction, Aulin continues to hold 12,919 shares of Clearwater Paper's common stock, suggesting she maintains a significant ownership stake in the company.
Insider selling can sometimes signal management's view on the company's future prospects, though a single transaction should be interpreted cautiously. Investors may want to monitor any additional insider trading activity for further insights.

Insider Trading Filed: 2026-03-17

Key Insights

Sherri Baker, the SVP and CFO of Clearwater Paper Corporation, has made a transaction involving the company's common stock. She has disposed of 1,093 shares to satisfy tax withholding requirements associated with the vesting of restricted stock units.
The transaction indicates that Sherri Baker continues to hold a significant number of shares in Clearwater Paper, with 46,005 shares remaining after the transaction.
The transaction appears to be a routine event related to the settlement of equity compensation, and does not necessarily indicate any significant change in Sherri Baker's long-term outlook on the company.

Insider Trading Filed: 2026-03-17

Key Insights

The reporting person, Rebecca Anne Barckley, is the VP and Controller of Clearwater Paper Corp (CLW), and this Form 4 filing discloses her transactions involving the company's common stock.
Barckley had 159, 141, and 123 shares of CLW common stock withheld by the company to satisfy tax withholding requirements upon the vesting of her restricted stock units granted in 2023, 2024, and 2025, respectively.
The reported transactions appear to be routine share withholding events to cover tax obligations, rather than open market purchases or sales, suggesting no major change in Barckley's ownership position or sentiment about the company.

Insider Trading Filed: 2026-03-17

Key Insights

The reporting person, Steve M. Bowden, is a senior vice president at Clearwater Paper Corp (CLW) and has made transactions involving the company's common stock.
Bowden has disposed of a total of 1,487 shares of Clearwater Paper's common stock through three separate transactions to satisfy tax withholding requirements upon the vesting of restricted stock units.
The transactions were executed at a price of $13.11 per share, indicating the company's stock price at the time of the transactions.

Insider Trading Filed: 2026-03-17

Key Insights

The reporting person, Arsen S. Kitch, is the President and CEO of Clearwater Paper Corporation, indicating a key insider transaction.
Kitch disposed of 13,523 shares of Clearwater Paper common stock to satisfy tax withholding requirements on vested restricted stock units, suggesting routine tax planning activity.
The timing and amounts of the transactions appear routine, with Kitch still maintaining a significant ownership stake of 393,875 shares in the company.

Insider Trading Filed: 2026-03-17

Key Insights

The reporting person, Sean M. Krajnik, is the Senior Vice President of Clearwater Paper Corp. and has been engaging in insider selling activities.
Krajnik has sold 1,350 shares of Clearwater Paper stock through multiple transactions on March 15, 2026, likely to satisfy tax withholding requirements related to the vesting of restricted stock units.
The insider selling activity, while routine, may indicate the reporting person's reduced confidence in the company's short-term prospects or a need for liquidity.

Insider Trading Filed: 2026-03-17

Key Insights

Mathew D. Passarello, a Sr. V.P. of Clearwater Paper Corp, sold 390 shares of common stock on March 15, 2026, likely to satisfy tax withholding requirements on vested restricted stock units.
Passarello's ownership of Clearwater Paper's common stock decreased from 26,783 shares to 26,393 shares following the reported transaction.
Insider selling transactions can sometimes indicate a lack of confidence in the company's future prospects, though a single transaction may not be indicative of broader sentiment.

Insider Trading Filed: 2026-03-17

Key Insights

Insider Marc D. Rome, SVP and General Counsel, sold 648 shares of Clearwater Paper Corp (CLW) on March 15, 2026, likely for tax withholding purposes related to the vesting of restricted stock units.
The shares sold represent a small portion (less than 2%) of Rome's total beneficial ownership in the company, suggesting this may be a routine transaction.
The timing of the sale, shortly after the vesting of the RSUs, is typical for an insider transaction to cover tax obligations.

Current Report Filed: 2026-02-18

Key Insights

Clearwater Paper Corporation reported its financial results for the fourth quarter and full year 2025, highlighting its operational performance and financial position.
The company disclosed non-GAAP metrics such as Adjusted EBITDA and Adjusted Net Income, which provide additional insights into its underlying business performance.
The company's decision to report these alternative performance measures suggests a focus on transparency and a desire to help investors better understand its financial and operational strengths.

Annual Report Filed: 2026-02-18

Key Insights

Clearwater Paper Corp's total assets increased by 1.5% in 2025 compared to 2024, driven by a 7.5% rise in property, plant and equipment.
The company's long-term debt decreased by 3.2% in 2025, indicating efforts to strengthen its balance sheet.
Clearwater Paper acquired the Augusta Georgia Mill in 2024, which contributed to a 12% increase in revenue from its continuing operations segment in 2025.

Insider Trading Filed: 2026-01-20

Key Insights

The reporting person, Marc D. Rome, is the SVP, General Counsel and Corporate Secretary of Clearwater Paper Corporation (CLW), indicating he holds a key leadership position.
The transaction involves the withholding of 81 shares of common stock to satisfy tax withholding requirements on the vesting of restricted stock units granted in 2024, suggesting a routine stock compensation event.
The transaction resulted in the reporting person beneficially owning 8,326 shares of CLW common stock, indicating he maintains a significant ownership stake in the company.

Insider Trading Filed: 2026-01-05

Key Insights

Jeanne M. Hillman, a director of Clearwater Paper Corp (CLW), acquired 1,384.181 phantom stock units on 01/01/2026 as part of the company's deferred compensation plan for directors.
The phantom stock units will be converted to cash and paid on 01/01/2031, indicating Hillman's long-term investment in the company.
Hillman's total beneficial ownership of phantom stock units increased to 9,946.742, suggesting she has a significant stake in the company's performance.

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Important Information