Clearwater Paper Corp: insider trades · United States · SEC (Form 4)

About Clearwater Paper Corp

Clearwater Paper Corp. (NYSE: CLW) is a United States-listed company traded on the NYSE, focused on paper-based packaging materials. The company is headquartered in Spokane, Washington, United States, and its principal executive offices are located there. Historically rooted in the broader pulp and paper industry, Clearwater Paper has increasingly sharpened its strategic focus on paperboard after completing the divestiture of its consumer products (tissue) business on November 1, 2024. That transaction materially simplified the group’s profile and reinforced its positioning as a more specialized packaging materials supplier.([sec.gov](https://www.sec.gov/Archives/edgar/data/1441236/000144123626000020/a2025clearwaterpaperars.pdf)) Today, Clearwater Paper’s core business is the production and sale of solid bleached sulfate (SBS) paperboard. SBS is a premium grade of paperboard used primarily in folding cartons, food service packaging, liquid packaging, cups and plates, and certain commercial printing applications. The company markets itself as a provider of high-quality, sustainable packaging solutions for North American converters, and it also offers custom sheeting and slitting services. According to its 2025 annual report, Clearwater Paper believes it is one of the five largest paperboard producers in North America, with roughly 11% of available production capacity in 2025. Its manufacturing footprint is concentrated in the continental United States, notably including Augusta, Georgia and Lewiston, Idaho.([sec.gov](https://www.sec.gov/Archives/edgar/data/1441236/000144123626000020/a2025clearwaterpaperars.pdf)) From a competitive standpoint, Clearwater Paper operates in a cyclical industry where pricing and volume are heavily influenced by supply-demand conditions, raw material costs, and end-market consumption trends. The company competes with much larger players such as Smurfit Westrock, Georgia-Pacific, Graphic Packaging, and Sappi. Its differentiation is based less on scale leadership than on being an independent, non-integrated supplier with a customer-centric value proposition. Management emphasizes product quality, customer service, and pricing discipline, while the company’s premium SBS offering is particularly relevant for higher-end folding carton uses such as pharmaceuticals, cosmetics, and other premium retail goods.([sec.gov](https://www.sec.gov/Archives/edgar/data/1441236/000144123626000020/a2025clearwaterpaperars.pdf)) Recent developments have been strategically important. Clearwater Paper completed the purchase of a paperboard manufacturing facility and associated business in Augusta, Georgia in May 2024, a move designed to strengthen its paperboard platform. It then completed the sale of its tissue business to Sofidel America Corp. on November 1, 2024, allowing management to focus resources on paperboard. In its February 2026 earnings release covering full-year 2025, the company reported net sales of about $1.6 billion, an improvement in Adjusted EBITDA, and meaningful cost reductions, while also noting that the paperboard market remained oversupplied. The company also highlighted ongoing integration work at Augusta, planned maintenance outages, and litigation/risk considerations tied to the Augusta facility.([ir.clearwaterpaper.com](https://ir.clearwaterpaper.com/investors/press-releases/news-details/2026/Clearwater-Paper-Reports-Fourth-Quarter-and-Year-End-2025-Results/default.aspx))