Form 4: Packaging Corp of America: Executive Kowlzan Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Mark W. Kowlzan, Chairman & CEO of Packaging Corp of America, reports disposing of shares to cover tax obligations related to vesting equity awards.
Summary
- On February 24, 2025, Mark W. Kowlzan, Chairman & CEO of Packaging Corp of America (PKG), reported a transaction involving common stock.
- Kowlzan disposed of 7,460 shares of common stock at a price of $209.74 per share to cover withholding tax obligations associated with vesting equity awards.
- Following the transaction, Kowlzan directly owns 416,015 shares of Packaging Corp of America.
- Kowlzan also indirectly owns 19,079 shares through a 401k plan and 2,565 shares held by a spouse, but disclaims beneficial ownership of the spouse's shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from equity compensation, a common practice.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of transaction: disposal of shares to cover tax obligations. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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