Form 4: Packaging Corp of America Director Souleles Acquires and Transfers Shares in Recent Transactions
SEC Form 4 Filing
Director Thomas S. Souleles acquired shares as part of director fees and subsequently transferred them to his employer.
Summary
- On May 8, 2024, Thomas S. Souleles, a director of Packaging Corp of America, acquired 616 shares of common stock as part of his director fees.
- On the same day, Souleles transferred 616 shares to his employer.
- Following these transactions, Souleles directly owns 10,000 shares and indirectly owns 10,616 shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing routine transactions. There is no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, specifically related to director compensation in the form of company stock. It's common for directors to receive stock as part of their compensation, and subsequent transfers to employers are also not unusual.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to director compensation and do not significantly alter the ownership structure.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Thomas S. Souleles acquired 616 shares of common stock as director fees. |
| 05/08/2024 | Thomas S. Souleles transferred 616 shares to his employer. |
| 05/10/2024 | Date of signature by Kent A. Pflederer, attorney in fact. |
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