Form 4: Packaging Corp of America SVP Donald R. Shirley Sells 6,000 Shares
SEC Form 4 Filing
Donald R. Shirley, SVP of Packaging Corp of America, sold 6,000 shares of common stock at a price of $196.28 on July 25, 2024.
Summary
- On July 25, 2024, Donald R. Shirley, a Senior Vice President at Packaging Corp of America (PKG), sold 6,000 shares of the company's common stock.
- The sale was executed at a price of $196.28 per share.
- Following the transaction, Shirley directly owns 20,772 shares of PKG common stock.
- Shirley also indirectly owns 6,213 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares doesn't necessarily indicate a negative outlook for the company, but it also doesn't provide a positive signal.
Industry Context
This is a routine Form 4 filing, indicating a change in beneficial ownership by a company insider. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 07/25/2024 | Date of the stock sale transaction |
| 07/29/2024 | Date of signature by attorney in fact |
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