Form 4: Packaging Corp of America SVP Heidi L. Patton Reports Stock Transactions

Heidi L. Patton, SVP of Packaging Corp of America, reports the disposition of 673 shares of common stock to cover tax obligations and indirect ownership of 1,321 shares through a 401k plan.

Summary

• Heidi L. Patton, a Senior Vice President at Packaging Corp of America (PKG), filed a Form 4 detailing changes in beneficial ownership.
• On February 24, 2025, Ms. Patton disposed of 673 shares of common stock at a price of $209.74.
• This disposition was to cover the withholding tax obligation associated with equity awards vesting on that date, as part of the company's Long-Term Equity Incentive Plan.
• Following the transaction, Ms. Patton directly owns 5,484 shares of common stock.
• Ms. Patton also indirectly owns 1,321 shares through a 401k plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of equity awards and the subsequent sale of shares to cover tax obligations, a common practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders, as it's a routine sale of shares to cover tax obligations.

Key Dates