Aulin Virginia L. 4

What Happened

• Virginia L. Aulin, Senior Vice President of Clearwater Paper Corp (CLW), was granted 9,994 restricted stock units (RSUs) on 2026-02-26. The award was reported as acquired at $0.00 (no cash paid).
• The RSUs convert one-for-one into common stock when settled; total grant value at grant date is not stated in the Form 4.

Key Details

• Transaction date: 2026-02-26; filing date: 2026-03-02 (Form 4 filed 4 days after the transaction).
• Price: $0.00 per unit (award/grant, not an open-market purchase).
• Vesting: 33% on March 15, 2027; 33% on March 15, 2028; 34% on March 15, 2029, subject to continued employment. Dividend equivalents will be converted into additional RSUs during vesting.
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 = RSUs settle for common stock 1-for-1; F2 = vesting schedule and dividend-equivalent treatment as noted above.

Context

• This is a compensation award, not a purchase or sale. RSUs typically do not transfer shares to the insider until they vest/are settled, so they are different from an immediate market buy or sell.
• The Form 4 was filed a few days after the grant; insider reporting rules generally require filings within two business days, so investors may note the timing.