Bowden Steve M 4

What Happened
Steve M. Bowden, Senior Vice President of Clearwater Paper Corporation (CLW), had a total of 1,487 shares withheld by the company on March 15, 2026 to satisfy tax withholding obligations tied to vested restricted stock units (RSUs). The withholdings were executed in three lots: 540 shares, 497 shares, and 450 shares, each withheld at a reported value of $13.11 per share. The three withholdings correspond to cash values of $7,079; $6,516; and $5,900, respectively — about $19,495 in aggregate. This was employer tax-withholding (disposal) rather than an open-market sale.

Key Details

• Transaction date: March 15, 2026. Form filed March 17, 2026 (appears timely; within two business days).
• Prices and counts: 540 @ $13.11 ($7,079); 497 @ $13.11 ($6,516); 450 @ $13.11 ($5,900). Total: 1,487 shares, ~$19,495.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 = withholding for 2025 RSU grant (vested 3/15/2026); F2 = withholding for 2024 RSU grant (vested 3/15/2026); F3 = withholding for 2023 RSU grant (vested 3/15/2026).
• Transaction code: F (shares withheld to satisfy tax withholding).
• Filing timeliness: Filed March 17 for a March 15 settlement — appears timely.

Context
These transactions are routine employer withholdings to cover taxes owed when RSUs vest; they are not open-market sales or purchases and generally do not indicate the insider’s active buying or selling decisions. Code F transactions typically reflect settlement mechanics (cashless/withholding) rather than a change in confidence or strategy.