Form 4: Packaging Corp of America Executive VP Reports Stock Transactions

Thomas A. Hassfurther, Executive VP of Packaging Corp of America, reports the withholding of shares to cover tax obligations and disclaims beneficial ownership of shares held by an investment entity and spouse.

Summary

• On February 26, 2024, Thomas A. Hassfurther, Executive VP of Packaging Corp of America (PKG), reported a transaction involving common stock.
• The transaction involved the withholding of 5,365 shares at a price of $174.08 to cover withholding tax obligations associated with equity awards vesting on the transaction date.
• Following the transaction, Hassfurther directly owns 178,565 shares of common stock.
• Hassfurther also indirectly owns 34,293 shares through an investment entity, 53,862 shares held by his spouse, and 11,505 shares through a 401(k) plan, but disclaims beneficial ownership of the shares held by the investment entity and spouse except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't convey any particularly positive or negative sentiment about the company's performance or future prospects.

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. This filing indicates routine tax-related transactions and does not necessarily reflect a change in the executive's confidence in the company.

Key Dates