Passarello Mathew D 4

What Happened
Mathew D. Passarello, Senior Vice President of Clearwater Paper (CLW), had 390 shares withheld on March 15, 2026 to satisfy tax withholding related to vested restricted stock units. The withholding was recorded as a disposition at $13.11 per share, totaling $5,113. This was a routine tax-withholding event tied to RSU vesting rather than an open-market sale.

Key Details

• Transaction date: March 15, 2026; reported on Form 4 filed March 17, 2026 (timely filing).
• Transaction type/code: F — shares withheld to satisfy tax withholding at settlement of vested RSUs.
• Shares involved: 390 shares withheld at $13.11 per share; total value $5,113.
• Footnote: Withheld shares satisfy tax withholding requirements for the 2025 grant of restricted stock units that vested March 15, 2026 (F1).
• Shares owned after the transaction: not specified in the provided filing.

Context
This was a cashless/withholding action to cover tax liability on vested RSUs, a common and administrative disposition that generally does not signal executive buying or selling sentiment. It differs from an open-market sale because the company withheld shares at settlement to meet tax obligations.