Form 4: Packaging Corp of America SVP Donald R. Shirley Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Donald R. Shirley, SVP of Packaging Corp of America, disposed of 1,307 shares of common stock on February 26, 2024, to cover withholding tax obligations related to vesting equity awards.
Summary
- On February 26, 2024, Donald R. Shirley, a Senior Vice President at Packaging Corp of America (PKG), reported a transaction involving the company's common stock.
- Shirley disposed of 1,307 shares to cover withholding tax obligations associated with vesting equity awards.
- The transaction was executed at a price of $174.08 per share.
- Following the transaction, Shirley directly owns 21,660 shares of PKG common stock and indirectly owns 6,142 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock disposal transaction. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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