CLW · Clearwater Paper Corp · Executive Compensation

$13.15 -0.54 (-3.94%) Q3 2026 earnings call transcript

Russell 2000 member Rebalance outlook locked

Market Cap

$220.98M

16.14M

Volume · Oct 28 737.61K Avg daily vol (3M) 179.9K

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Arsen S. Kitch	President and Chief Executive Officer	$1,000,000	—	$3,107,277	$0	$937,500	$156,564	$5,201,341
Arsen Kitch	President and Chief Executive Officer	$1,000,000	—	$3,107,277	$0	$937,500	$156,564	$5,201,341
Sherri J. Baker	Senior Vice President, Finance and Chief Financial Officer	$533,000	—	$517,549	$0	$338,200	$69,437	$1,458,186
Sherri Baker	CFO	$533,000	—	$517,549	$0	$338,200	$69,437	$1,458,186
Michael S. Gadd	Former Senior Vice President	$444,646	—	$512,697	$0	$298,100	$61,692	$1,339,281
Steve M. Bowden	Senior Vice President, Commercial	$465,000	—	$451,527	$0	$307,800	$54,932	$1,279,259
Kari G. Moyes	Senior Vice President	$437,000	—	$424,327	$0	$295,300	$56,356	$1,212,983
Matthew D. Passarello	Senior Vice President, Supply Chain and Corporate Development	$365,165	—	$354,411	$0	$263,100	$39,993	$1,022,669

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Arsen S. Kitch	President and Chief Executive Officer	$990,385	—	$3,755,680	$0	$1,033,300	$194,865	$5,974,230
Arsen Kitch	President and Chief Executive Officer	$990,385	—	$3,755,680	$0	$1,033,300	$194,865	$5,974,230
Sherri J. Baker	Senior Vice President, Finance and Chief Financial Officer	$530,500	—	$625,561	$0	$359,700	$148,608	$1,664,369
Sherri Baker	CFO	$530,500	—	$625,561	$0	$359,700	$148,608	$1,664,369
Michael S. Gadd	Senior Vice President, General Counsel	$525,500	—	$619,707	$0	$356,300	$76,225	$1,585,937
Michael J. Urlick	Senior Vice President, Commercial	$432,308	—	$516,401	$0	$382,600	$64,448	$1,395,757
Steve M. Bowden	Senior Vice President, Operations	$462,692	—	$545,754	$0	$248,400	$57,991	$1,314,837
Kari G. Moyes	Senior Vice President	$434,885	—	$512,905	$0	$294,900	$63,288	$1,305,978

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Arsen S. Kitch	President and Chief Executive Officer	$940,385	—	$2,872,321	$0	$1,263,700	$211,690	$5,288,096
Arsen Kitch	President and Chief Executive Officer	$940,385	—	$2,872,321	$0	$1,263,700	$211,690	$5,288,096
Michael S. Gadd	Senior Vice President, General Counsel	$512,116	—	$547,862	$0	$447,300	$82,892	$1,608,566
Kari G. Moyes	Senior Vice President	$423,500	—	$453,201	$0	$369,900	$68,499	$1,315,100
Steve M. Bowden	Senior Vice President, Operations	$450,500	—	$481,892	$0	$273,300	$72,857	$1,278,549
Sherri J. Baker	Senior Vice President, Finance and Chief Financial Officer	$200,000	—	$647,943	$0	$174,200	$69,831	$1,091,974
Sherri Baker	CFO	$200,000	—	$647,943	$0	$174,200	$69,831	$1,091,974

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Arsen S. Kitch	President and Chief Executive Officer	$888,461	—	$2,113,054	$0	$1,549,100	$143,073	$4,693,688
Arsen Kitch	President and Chief Executive Officer	$888,461	—	$2,113,054	$0	$1,549,100	$143,073	$4,693,688
Michael S. Gadd	Senior Vice President, General Counsel	$497,692	—	$480,226	$0	$564,400	$71,808	$1,614,126
Steve M. Bowden	Senior Vice President, Operations	$433,846	—	$422,622	$0	$495,700	$60,720	$1,412,888

Executive changes

Person	Role	Change	Effective	Filed
Sherri Baker	Senior Vice President, Chief Financial Officer	Resigned	2026-11-13	2026-10-26
John P. O’Donnell	Director	Appointed	2026-05-07	2026-05-12
Christine M. Vickers Tucker	Director	Appointed	2026-05-07	2026-05-12
Joe W. Laymon	Director	Appointed	2026-05-07	2026-05-12
Ann C. Nelson	Director	Appointed	2026-05-07	2026-05-12
Jeanne M. Hillman	Director	Appointed	2026-05-07	2026-05-12
Steve Bowden	Senior Vice President, Commercial	Appointed	2026-01-01	2025-10-28
Michael Urlick	Senior Vice President, Commercial	Resigned	2025-06-13	2025-05-21
Marc D. Rome	Senior Vice President, General Counsel	Appointed	2025-07-01	2025-05-12
Steve Bowden	Senior Vice President, Operations	Appointed	2025-01-01	2024-11-04
Sherri J. Baker	Senior Vice President, Chief Financial Officer	Appointed	2023-08-14	2023-08-09
Rebecca A. Barckley	Interim Chief Financial Officer	Appointed	2023-07-01	2023-06-26
Jeanne M. Hillman	director	Appointed	2022-10-01	2022-09-26

Leadership

Arsen Kitch CEO, Board Member
Arsen S. Kitch CEO
Michael Murphy CFO
Rebecca A. Barckley CFO
Sherri J. Baker CFO
Marc D. Rome General Counsel
Michael S. Gadd General Counsel
Ann C Board Member
Ann C. Nelson Board Member
Christine M. Vickers Tucker Board Member
Jeanne M. Hillman Board Member
Kevin J Board Member
Kevin J. Hunt Board Member

Key facts CIK 1441236 CUSIP 18538R103 13F (30d) 19 filings 19 filers Visit website Investor relations