Corkrean John J 4
4 · Clearwater Paper Corp · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Clearwater Paper (CLW) Director John J. Corkrean Receives Award
What Happened
John J. Corkrean, a director of Clearwater Paper Corporation (CLW), was granted 8,391.608 phantom stock units on 2026-05-08. The units are reported at $14.30 each for a total grant value of $120,000. This was an award/grant (derivative) under the company’s director deferred compensation plan, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-08; Form 4 filed: 2026-05-12 (filed within the normal 2-business-day reporting window).
- Grant: 8,391.608 phantom stock units at $14.30 per unit — total reported value $120,000. (Transaction code A = Award/Grant)
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1: Phantom units credited on the transaction date and will be converted to cash and paid 1-for-1 with the issuer’s common stock value.
- F2: Payment of the phantom units is made upon the reporting person’s termination of service per the Deferred Compensation Plan.
- F3: These units represent the annual director award covering service May 1, 2026–April 30, 2027 and will vest on May 1, 2027.
Context
Phantom stock units are a form of deferred cash compensation tied to the company’s share value; they do not transfer actual stock immediately. Because the award vests in one year and pays out in cash (1-for-1 with the stock price) upon termination, this is a compensation/retention event rather than an appetite-driven purchase or sale of shares.
Insider Transaction Report
- Award
Phantom Common Stock
[F1][F2][F3]2026-05-08$14.30/sh+8,391.608$120,000→ 35,818.273 totalExercise: $14.30→ Common Stock (8,391.608 underlying)
Footnotes (3)
- [F1]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.
- [F2]Phantom stock units will be converted to cash and paid upon the reporting person's termination from service with Clearwater Paper in accordance with the provisions of the Clearwater Paper Corporation Deferred Compensation Plan for Directors.
- [F3]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 an annual award grant for service from May 1, 2026 through April 30, 2027. These phantom stock units will vest May 1, 2027.