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, sold 1,436 shares of common stock to cover withholding tax obligations related to vesting equity awards.
Summary
- Charles J. Carter, an EVP-Mill Ops. at Packaging Corp of America (PKG), reported a transaction on February 24, 2025.
- Carter sold 1,436 shares of common stock at a price of $209.74.
- This sale was to cover the withholding tax obligation associated with equity awards vesting on the transaction date, as per the company's Long-Term Equity Incentive Plan.
- Following the transaction, Carter directly owns 27,901 shares of common stock and indirectly owns 6,025 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and it doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction is a standard procedure for covering tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of transaction: Sale of common stock. |
| 02/25/2025 | Date of signature by attorney in fact. |
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