Form 4: Packaging Corp of America CEO Mark Kowlzan Reports Changes in Beneficial Ownership

Mark Kowlzan, Chairman & CEO of Packaging Corp of America, reports acquisition and disposal of common stock due to performance unit payouts and tax withholding.

Summary

• On March 4, 2025, Mark Kowlzan, Chairman & CEO of Packaging Corp of America, reported changes in beneficial ownership of the company's common stock.
• These changes are due to the payout of performance units awarded on February 23, 2021, and the withholding of shares to cover tax obligations.
• Kowlzan acquired 19,195 shares from performance units and 1,779 shares from accumulated dividends on vesting performance units.
• The company withheld 9,293 shares to cover the withholding tax obligation associated with equity awards vesting on the transaction date.
• Following these transactions, Kowlzan directly owns 445,689 shares of common stock.
• He also indirectly owns 19,568 shares through a 401k plan and 2,565 shares held by his spouse, but he disclaims beneficial ownership of the spouse's shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Positives

• The vesting of performance units indicates that the company met certain performance goals set by the compensation committee.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade in their company's stock. These filings provide transparency to the market regarding insider activity.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates