Form 4: Packaging Corp of America: SVP & CIO Reports Stock Transactions

Robert Andrew Schneider, SVP & CIO of Packaging Corp of America, reports the disposal of shares to cover tax obligations and holdings in a 401k plan.

Summary

• On February 26, 2024, Robert Andrew Schneider, SVP & CIO of Packaging Corp of America (PKG), reported a transaction involving the disposal of 791 shares of common stock to cover withholding tax obligations.
• The shares were disposed of at a price of $174.08 per share.
• Following the transaction, Schneider directly owns 21,804 shares of common stock.
• Schneider also indirectly owns 2,018 shares through a 401k plan.

Sentiment

Score: 7

Explanation: Neutral sentiment as it's a routine disclosure of stock transactions related to tax obligations. No indication of positive or negative performance.

Industry Context

This is a routine filing related to executive stock transactions, common for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• Similar filings are made by executives at comparable companies like International Paper (IP) and WestRock (WRK) when they engage in stock transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates