X0306 4 2019-03-07 0 0001441236 Clearwater Paper Corp CLW 0001754874 Bowden Steve M 601 WEST RIVERSIDE AVE. SUITE 1100 SPOKANE WA 99201 0 1 0 0 Senior Vice President Common Stock 2019-03-07 4 A 0 3123 27.11 A 5123 D Represents award of restricted stock units ("RSUs"). RSUs may be settled only for shares of common stock on a one-for-one basis. Represents award of RSUs that will vest 33%, 33%, 34% on March 7, 2020, 2021 and 2022, respectively, assuming continued employment. During the vesting period, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be converted into additional RSUs. /s/ Michael S. Gadd, Attorney-in-Fact 2019-03-11