Form 4: Packaging Corp of America EVP & CFO Robert P. Mundy Reports Share Transaction
SEC Form 4 Filing
Robert P. Mundy, EVP & CFO of Packaging Corp of America, reports disposition of shares to cover tax obligations related to vesting equity awards.
Summary
- On February 26, 2024, Robert P. Mundy, the EVP & CFO of Packaging Corp of America (PKG), reported a transaction involving the company's common stock.
- Mundy disposed of 2,293 shares to cover the withholding tax obligation associated with equity awards vesting on that date.
- The shares were disposed of at a price of $174.08 per share.
- Following the transaction, Mundy directly owns 48,761 shares of Packaging Corp of America.
- The transaction was executed pursuant to the terms of the company's Long-Term Equity Incentive Plan.
Sentiment
Score: 5
Explanation: The document reports a routine transaction related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Executive compensation and share transactions are common occurrences in publicly traded companies. Form 4 filings are a standard part of regulatory compliance, providing transparency into insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine transaction related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of the share transaction and vesting of equity awards. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.