PKG.NYSEPackaging CORP of America

Form 4: Packaging Corp of America EVP & CFO Robert P. Mundy Reports Share Withholding for Tax Obligations

Sentiment:

SEC Form 4 Filing

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Robert P. Mundy, EVP & CFO of Packaging Corp of America, reports the withholding of 1,959 common stock shares to cover tax obligations related to vesting equity awards on February 24, 2025.

Summary

  • On February 24, 2025, Robert P. Mundy, the EVP & CFO of Packaging Corp of America (PKG), had 1,959 shares of common stock withheld by the company.
  • This withholding was to cover the tax obligations associated with the vesting of his equity awards under the company's Long-Term Equity Incentive Plan.
  • The price per share for the transaction was $209.74.
  • Following the transaction, Mundy directly owns 36,212 shares of Packaging Corp of America.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation and tax obligations. There are no indications of positive or negative implications for the company's performance.

Industry Context

This is a routine transaction related to executive compensation and is common among publicly traded companies. It reflects the standard practice of withholding shares to cover tax obligations when equity awards vest.

Stakeholder Impact

  • The transaction has a minimal direct impact on stakeholders as it is a standard procedure for managing executive compensation and tax obligations.

Key Dates

DateDescription
02/24/2025Date of the transaction where shares were withheld to cover tax obligations.
02/25/2025Date of signature by attorney in fact, Kent A. Pflederer.

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