Form 4: Packaging Corp of America Executive Charles J. Carter Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive Vice President of Mill Operations, Charles J. Carter, reports acquisition and disposal of Packaging Corp of America (PKG) common stock due to stock payout and tax withholding.
Summary
- Charles J. Carter, EVP-Mill Ops. at Packaging Corp of America (PKG), reported changes in beneficial ownership of company stock on March 25, 2024.
- Carter acquired 6,264 shares of common stock at $0.00 due to a payout of total stockholder return performance units awarded in 2021, including dividend equivalents.
- He disposed of 2,466 shares at $187.31 to cover withholding tax obligations related to the payout.
- Following these transactions, Carter directly owns 34,726 shares and indirectly owns 5,878 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Date of stock acquisition and disposal |
| 03/27/2024 | Date of signature by attorney in fact |
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