Form 4: Packaging Corp of America Executive Charles J. Carter Reports Changes in Beneficial Ownership

EVP-Mill Ops. Charles J. Carter reports acquisition and disposal of Packaging Corp of America stock due to performance unit payouts and tax withholding.

Summary

• On March 4, 2025, Charles J. Carter, EVP-Mill Ops. of Packaging Corp of America, reported changes in beneficial ownership of the company's stock.
• Carter acquired 4,159 shares due to the certification of performance measure attainment under performance units awarded on February 23, 2021.
• He also acquired 385 shares as a payout of accumulated dividends on vesting performance units.
• Carter disposed of 1,789 shares to cover the withholding tax obligation associated with the transaction at a price of $202.27 per share.
• Following these transactions, Carter directly owns 35,118 shares and indirectly owns 6,140 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation. The vesting of performance units is a positive sign, but the tax-related disposal is a neutral event.

Positives

• The vesting of performance units and dividend payouts indicate that the company is meeting its performance goals.

Negatives

• The disposal of shares to cover tax obligations reduces Carter's direct ownership in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the compensation structure for Packaging Corp of America executives.

Stakeholder Impact

• The vesting of performance units may have a slightly positive impact on shareholder sentiment as it indicates the company is meeting its performance goals.

Key Dates