Form 4: Packaging Corp of America EVP & CFO Robert Mundy Reports Share Award and Tax Withholding

Robert P. Mundy, EVP & CFO of Packaging Corp of America, reports the acquisition of shares through a performance unit payout and the subsequent disposal of shares to cover tax obligations.

Summary

• On March 25, 2024, Robert P. Mundy, the EVP & CFO of Packaging Corp of America (PKG), acquired 7,589 shares of common stock due to the payout of total stockholder return performance units awarded in 2021, including dividend equivalents.
• On the same day, Mundy disposed of 3,362 shares of common stock at a price of $187.31 to cover the withholding tax obligation associated with the share payout.
• Following these transactions, Mundy directly owns 50,681 shares of Packaging Corp of America.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations. There is no indication of positive or negative performance signals.

Positives

• The acquisition of shares through performance units indicates that the company met certain performance targets, which is generally a positive sign.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and tax obligations, which are common occurrences in publicly traded companies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily concern executive compensation and tax obligations.

Key Dates