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

Charles J. Carter, EVP-Mill Ops. of Packaging Corp of America, reports acquisition and disposal of common stock due to vesting of performance units and tax withholding.

Summary

• On April 4, 2025, Charles J. Carter, EVP-Mill Ops. of Packaging Corp of America, reported changes in beneficial ownership of the company's common stock.
• These changes involve the acquisition of 7,175 shares and 625 shares of common stock related to the vesting of TSR performance units and accumulated dividends, respectively.
• Carter also disposed of 3,070 shares to cover tax obligations associated with the vesting of these equity awards at a price of $183.42 per share.
• Following these transactions, Carter directly owns 39,848 shares and indirectly owns 6,140 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing primarily reflects routine transactions related to executive compensation. The achievement of performance targets is a positive sign, but the stock disposal for tax purposes is a neutral event.

Positives

• The vesting of performance units indicates that the company achieved a performance level of 187.4%, suggesting strong performance relative to the set targets.

Industry Context

Executive stock transactions are common and are closely watched by investors as they can provide insights into an executive's view of the company's prospects. Vesting of performance units suggests the company has met certain performance criteria.

Stakeholder Impact

• The vesting of performance units and subsequent stock transactions have a minor impact on shareholders, reflecting the execution of the company's compensation plan.

Key Dates

Keywords

beneficial ownership, Form 4, Packaging Corp of America, PKG, executive compensation, stock, equity awards, performance units, tax withholding