Form 4: Packaging Corp of America Executive VP Donald R. Shirley Reports Stock Transactions

Executive VP Donald R. Shirley of Packaging Corp of America reports acquisition and disposal of company stock related to performance unit payouts and tax obligations.

Summary

• On March 4, 2025, Donald R. Shirley, an Executive VP at Packaging Corp of America, reported transactions involving the company's common stock.
• Shirley acquired 3,234 shares related to the payout of performance units awarded on February 23, 2021, at a price of $0 per share.
• An additional 299 shares were acquired as a payout of accumulated dividends on vesting performance units, also at $0 per share.
• 1,391 shares were disposed of to cover withholding tax obligations associated with the vesting of equity awards, at a price of $202.27 per share.
• Following these transactions, Shirley directly owns 19,812 shares and indirectly owns 6,289 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Positives

• The vesting of performance units indicates that the company met certain performance measures set by the board of directors.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect executive compensation and tax obligations.

Key Dates