Form 4: Packaging Corp of America SVP Bruce A. Ridley Reports Stock Transaction
SEC Form 4 Filing
Bruce A. Ridley, SVP of Packaging Corp of America, reports the withholding of 839 shares of common stock to cover tax obligations related to equity awards vesting on February 26, 2024.
Summary
- On February 26, 2024, Bruce A. Ridley, SVP of Packaging Corp of America, reported a transaction involving the company's common stock.
- 839 shares were withheld by the company to cover the withholding tax obligation associated with equity awards vesting on that date.
- The price per share for the transaction was $174.08.
- Following the transaction, Ridley directly owns 13,195 shares of common stock and indirectly owns 985 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax withholding on equity compensation. It doesn't indicate any significant 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 tax withholding procedure related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock transaction (tax withholding) |
| 02/28/2024 | Date of signature on the report |
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