Form 4: Packaging Corp of America Executive Sells Shares
SEC Form 4 Filing
Charles J. Carter, EVP-Mill Ops. of Packaging Corp of America, sold 5,389 shares of common stock on July 25, 2024, at a price of $196.28 per share.
Summary
- On July 25, 2024, Charles J. Carter, an EVP-Mill Ops. at Packaging Corp of America (PKG), sold 5,389 shares of the company's common stock.
- The sale price was $196.28 per share.
- Following the transaction, Carter directly owns 25,539 shares of Packaging Corp of America.
- Carter also indirectly owns 6,025 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction disclosure.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but it is a common practice and doesn't necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 07/25/2024 | Date of transaction: Sale of common stock. |
| 07/29/2024 | Date of signature by attorney in fact. |
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