Form 4: Packaging Corp of America EVP & CFO Robert P. Mundy Sells 10,000 Shares

Robert P. Mundy, EVP & CFO of Packaging Corp of America, sold 10,000 shares of common stock on March 6, 2024, at an average price of $182.51.

Summary

• On March 6, 2024, Robert P. Mundy, the EVP & CFO of Packaging Corp of America (PKG), sold 10,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $182.51 per share.
• Following the transaction, Mundy directly owns 46,454 shares of Packaging Corp of America.
• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares by an executive.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning. It's important to consider the overall context of insider transactions, including the volume and frequency of sales, as well as the company's performance and outlook.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price in the short term.

Key Dates