Linda K. Massman served as the President and CEO of Clearwater Paper from 2013 until 2020. She began her journey at Clearwater as Chief Operating Officer and was pivotal in guiding the company during her time. With an impressive academic...

Linda K. Massman served as the President and CEO of Clearwater Paper from 2013 until 2020. She began her journey at Clearwater as Chief Operating Officer and was pivotal in guiding the company during her time. With an impressive academic background, she earned a Bachelor of Business Administration from the University of North Dakota and an MBA from Harvard Business School. Under her leadership, Clearwater Paper aimed to align management's interests with those of shareholders, focusing on performance-based incentives. Interestingly, before stepping down, her total compensation peaked at nearly $1.9 million in 2019, and she received a significant severance package when her position ended. During her tenure, she was also actively involved in insider trading, selling shares periodically, which peaked in 2021 with trades valued over $11 million. Massman's strategic decisions and financial maneuvers significantly impacted Clearwater Paper's direction during her leadership, showcasing her capabilities in navigating complex corporate environments.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Clearwater Paper CEOs

C

Linda K. Massman

Ex-CEO of Clearwater Paper

Sector of Economy

Basic Materials

CEO of Clearwater Paper for

7 years 3 months (Jan 2013 - Apr 2020)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Linda K. Massman

Holdings

See how much did Linda K. Massman make over time.

Linda K. Massman participated actively in stock trading during her tenure at Clearwater Paper. Her holdings showed substantial fluctuations, peaking in value during 2021. In September 2019, the value of her holdings was approximately $5.93 million, which steadily increased and...

Linda K. Massman participated actively in stock trading during her tenure at Clearwater Paper. Her holdings showed substantial fluctuations, peaking in value during 2021. In September 2019, the value of her holdings was approximately $5.93 million, which steadily increased and reached a remarkable $11.02 million by February 2021. However, this value saw some ups and downs, with a dip to around $9.50 million by January 2022. The highest value during this period was recorded in May 2024 at about $13.73 million. Despite her departure from Clearwater in 2020, Massman's significant stock transactions illustrate a powerful presence in the company's financial landscape, marking her impact well beyond her CEO tenure.

Insider Trading

See recent insider trades of Linda K. Massman.

CLW

$98.58K

CLW at $17.92/share

May 3, 2019

Purchase

CLW

$54.43M

CLW at $2.71K/share

Mar 7, 2019

Received

CLW

$703.95K

CLW at $37.45/share

Mar 1, 2018

Received

CLW

$721.60K

CLW at $28.38/share

Feb 27, 2017

Received

CLW

$1.37M

CLW at $61.75/share

Feb 26, 2015

Received

CLW

$511.45K

CLW at $47.30/share

Feb 25, 2013

Received

CLW

35,587 shares

CLW

Jan 1, 2013

Received

CLW

$2.96M

CLW at $35.30/share

Feb 28, 2012

Received

CLW

1,211 shares

CLW

Feb 24, 2011

Received

Compensation History

See how much did Linda K. Massman make over time.

In 2020, Linda K. Massman earned a total compensation of around $1.67 million, a drop from the previous year where she earned $1.85 million. Her compensation included a base salary of approximately $249,038, alongside $460,861 from vested stock worth, which reflected her company's performance before her departure in April 2020. Notably, her package included an extensive severance payment of $1.39 million, which contributed significantly to her overall earnings that year. Prior to this, in 2019, her compensation reached a peak with a salary of $925,000 and a massive bonus of $906,500, indicating the high expectations placed on her by the company, especially as she steered Clearwater through various operational strategies during her leadership.

Year

2020

Total Compensation

$2.12M

Salary

$249.04K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate executives while aligning their interests with those of stockholders, focusing on performance-based compensation.

Bonus

$0.00

Board Justification

No annual bonus was paid out in 2020 as she ceased to be an employee effective April 1, 2020.

Other

$1.41M

Board Justification

This includes a severance payment of $1,387,500 and continued benefits of $7,019 as per her employment agreement.

Restricted Stock

$460.86K(12.29K RSU)

Board Justification

12,291 RSUs vested in 2020, which were part of her compensation package prior to her departure.

Performance Metrics

Performance metrics included company adjusted EBITDA and strategic initiatives.

Other Clearwater Paper CEOs

Here are other CEOs of Clearwater Paper

Gordon L. Jones

Ex-CEO of Clearwater Paper

December 2008 - December 2012

Arsen S. Kitch

CEO of Clearwater Paper

April 2020 - Present