Form 4: Packaging Corp of America SVP Darla J. Olivier Reports Share Disposal for Tax Obligations

Darla J. Olivier, SVP of Packaging Corp of America, disposed of 827 shares of common stock on February 24, 2025, to cover withholding tax obligations related to vesting equity awards.

Summary

• On February 24, 2025, Darla J. Olivier, a Senior Vice President at Packaging Corp of America (PKG), reported a transaction involving the disposal of company stock.
• The transaction involved the disposal of 827 shares of common stock at a price of $209.74 per share.
• The shares were withheld by the company to cover the withholding tax obligation associated with equity awards vesting on the transaction date, as per the company's Long-Term Equity Incentive Plan.
• Following the transaction, Olivier directly owns 55,627 shares of Packaging Corp of America.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects a standard transaction related to tax obligations on vested equity awards. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations on vested equity, which is a common occurrence.

Key Dates