Form 4: Packaging Corp. of America SVP, Joseph Vaughn, Executes Stock Sale

Joseph Vaughn, a Senior Vice President at Packaging Corp. of America, sold 2,300 shares of common stock at an average price of $244.8924 on December 3, 2024.

Summary

• Joseph Vaughn, a Senior Vice President at Packaging Corp. of America, sold 2,300 shares of the company's common stock on December 3, 2024.
• The sale was executed at a weighted average price of $244.8924 per share.
• The actual sale prices ranged from $244.76 to $245.08 per share.
• Following the transaction, Mr. Vaughn directly owns 9,197 shares of common stock.
• He also indirectly owns 436 shares through a 401k plan.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by an executive, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting insider transactions in publicly traded companies, such as Packaging Corp. of America.
• Similar filings are made by executives at companies like International Paper (IP) and WestRock (WRK), which are also in the paper and packaging industry.
• The volume of shares sold and the price range are typical for such transactions, and the reporting is consistent with SEC regulations.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial position.

Key Dates

Keywords

stock sale, insider trading, executive transaction, common stock, Packaging Corp of America, PKG