Form 4: Packaging Corp of America Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Charles J. Carter, EVP-Mill Ops. of Packaging Corp of America, disposed of shares to cover withholding tax obligations related to vesting equity awards.
Summary
- On February 26, 2024, Charles J. Carter, an EVP-Mill Ops. at Packaging Corp of America (PKG), disposed of 1,681 shares of common stock to cover withholding tax obligations.
- The shares were sold at a price of $174.08 per share.
- Following the transaction, Carter directly owns 24,241 shares of common stock and indirectly owns 5,804 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine Form 4 filing, indicating a transaction by a company insider. It is common for executives to sell shares to cover tax obligations when equity awards vest.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of transaction: disposal of shares to cover tax obligations. |
| 02/28/2024 | Date of signature by attorney in fact. |
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