Form 4: Packaging Corp of America Executive Vaughn Joseph Reports Stock Transaction
SEC Form 4 Filing
SVP Vaughn Joseph of Packaging Corp of America reports disposition of shares to cover tax obligations related to vesting equity awards.
Summary
- On February 24, 2025, Vaughn Joseph, SVP of Packaging Corp. of America (PKG), reported a transaction involving the disposition of 476 shares of common stock.
- The shares were withheld by the company to cover the withholding tax obligation associated with equity awards vesting on that date.
- The transaction price was $209.74 per share.
- Following the transaction, Joseph directly owns 8,651 shares of common stock and indirectly owns 433 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax withholding procedures. It doesn't indicate 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 filing indicates a standard process of withholding shares to cover tax obligations upon the vesting of equity awards, which is a common practice among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of stock transaction (disposition of shares). |
| 02/25/2025 | Date of signature by attorney in fact. |
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