Krajnik Sean M. 4

What Happened

• Sean M. Krajnik, Senior Vice President of Clearwater Paper Corp (CLW), was granted 10,708 restricted stock units (RSUs) on February 26, 2026. The filing shows an acquisition price of $0.00 (a compensation award rather than a cash purchase), so no cash changed hands at grant.

Key Details

• Transaction date: 2026-02-26 (reported on Form 4 filed 2026-03-02).
• Transaction type/code: A — Award/Grant of RSUs.
• Amount: 10,708 RSUs; reported acquisition price: $0.00.
• Vesting: The RSUs vest 33% on March 15, 2027; 33% on March 15, 2028; and 34% on March 15, 2029, subject to continued employment.
• Dividend treatment: Dividend equivalents that would have been paid on the underlying shares are converted into additional RSUs during the vesting period.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Form 4 filed March 2, 2026 — appears timely (filed within the standard two business-day window).

Context

• RSU grants are a common form of executive compensation and are not the same as an open-market purchase or sale; they indicate compensation alignment with shareholders but are not a direct bullish market signal like an outright purchase.
• These RSUs convert one-for-one into common shares upon vesting; dividend equivalents increase the eventual share count over the vesting term.