Form 4: Packaging Corp of America Executive VP Reports Share Withholding for Tax Obligations

Executive Vice President Thomas A. Hassfurther of Packaging Corp of America reports the withholding of shares to cover tax obligations related to vesting equity awards.

Summary

• On February 24, 2025, Thomas A. Hassfurther, Executive VP of Packaging Corp of America (PKG), reported a transaction involving common stock.
• The company withheld 4,584 shares at a price of $209.74 to cover the withholding tax obligation associated with equity awards vesting on that date.
• Following the transaction, Hassfurther directly owns 175,454 shares of common stock.
• He also indirectly owns 11,505 shares through a 401(k) plan, 53,862 shares through his spouse, and 34,293 shares through an investment entity.
• Hassfurther disclaims beneficial ownership of shares held by the investment entity and his spouse, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral filing related to routine tax obligations and equity compensation. It doesn't indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to executive compensation and tax obligations. It's common for companies to withhold shares to cover taxes when equity awards vest.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a standard practice.

Key Dates