Form 4: Packaging Corp of America Executive Reports Stock Transactions Following Performance Unit Vesting

Thomas A. Hassfurther, President of Packaging Corp of America, reports acquisition and disposal of company stock related to vesting performance units and tax obligations.

Summary

• On April 4, 2025, Thomas A. Hassfurther, President of Packaging Corp of America, reported transactions involving the company's common stock.
• These transactions are related to the vesting of TSR performance units awarded on February 23, 2022, where performance was achieved at 187.4%.
• Hassfurther acquired 19,006 shares and 1,657 shares due to the vesting of performance units and accumulated dividends, respectively.
• He also disposed of 8,132 shares to cover withholding tax obligations at a price of $183.42 per share.
• Following these transactions, Hassfurther directly owns 209,191 shares of Packaging Corp of America.
• He also indirectly owns 11,780 shares through a 401(k) plan, 53,862 shares through his spouse, and 34,293 shares through an investment entity.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The vesting of performance units suggests the company met its targets, which is a positive sign. The stock disposal is a standard procedure and doesn't necessarily indicate a negative outlook.

Positives

• The vesting of performance units indicates that the company achieved its performance targets, benefiting the executive.
• The executive's continued significant stock ownership demonstrates confidence in the company's future.

Negatives

• The disposal of shares to cover tax obligations, while standard, slightly reduces the executive's direct holdings.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often tied to compensation plans and performance metrics. This filing provides transparency into the executive's holdings and transactions.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards, such as the TSR performance units in this case.
• The vesting and subsequent sale of shares to cover tax obligations are standard practices across various industries.
• Comparing Hassfurther's total holdings to those of executives at similar companies like International Paper (IP) or WestRock (WRK) could provide further context.

Stakeholder Impact

• Shareholders may view the vesting of performance units as a positive sign, indicating the company's performance met expectations.
• The transactions have a minimal impact on other stakeholders.

Key Dates

Keywords

Form 4, Stock Transactions, Beneficial Ownership, Packaging Corp of America, PKG, Executive Compensation, TSR Performance Units, Thomas A. Hassfurther