Form 4: Packaging Corp of America Executive VP Sells Shares

Thomas A. Hassfurther, Executive VP of Packaging Corp of America, sold shares of common stock on November 6th and 7th, 2024.

Summary

• Thomas A. Hassfurther, an Executive VP at Packaging Corp of America (PKG), reported changes in beneficial ownership of the company's common stock.
• On November 6, 2024, Hassfurther sold 16,492 shares at a weighted average price of $242.385 per share, with prices ranging from $242.20 to $242.57.
• Following this transaction, Hassfurther directly owns 183,284 shares.
• On November 7, 2024, Hassfurther sold 3,246 shares at a price of $240.3 per share, resulting in direct ownership of 180,038 shares.
• Hassfurther also has indirect ownership of 11,674 shares through a 401(k) plan, 53,862 shares held by a spouse, and 34,293 shares through an investment entity.

Sentiment

Score: 5

Explanation: Neutral. This is a standard Form 4 filing indicating stock sales by an executive. Without additional context, it's neither particularly positive nor negative.

Industry Context

This filing reflects routine trading activity by a company executive. It's important to monitor such filings in aggregate to understand insider sentiment, but a single sale is not necessarily indicative of a broader trend.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder confidence, but is unlikely to have a significant effect unless part of a larger trend.

Key Dates