Barckley Rebecca Anne 4

What Happened
Rebecca Anne Barckley, VP & Controller of Clearwater Paper Corporation (CLW), had 423 shares disposed on March 15, 2026 to satisfy tax withholding obligations tied to vested restricted stock units (RSUs). The transactions show 159 shares @ $13.11 (≈ $2,084), 141 shares @ $13.11 (≈ $1,849), and 123 shares @ $13.11 (≈ $1,613), totaling 423 shares and roughly $5,546. These disposals were tax-withholding actions (routine), not open-market purchases.

Key Details

• Transaction date: March 15, 2026; Filing date (Form 4): March 17, 2026 — appears filed within the typical 2-business-day window.
• Price: $13.11 per share for each line; total value ≈ $5,546.
• Shares owned after the transaction: not reported in the provided filing excerpt.
• Footnotes: F1 = shares withheld for taxes on the 2025 RSU grant vested 3/15/2026; F2 = 2024 RSU grant; F3 = 2023 RSU grant.
• Transaction code F = tax withholding (company withheld shares to satisfy tax withholding at vesting), not necessarily an open-market sale.

Context
Withholdings to cover tax on vested RSUs are routine compensation-related transactions and generally do not signal insider buying or selling intentions. In many cases the company retains or cancels the withheld shares rather than a manager executing a discretionary market sale. This filing documents settlement-of-RSUs rather than an investment decision.