Form 4: Packaging Corp of America SVP Reports Changes in Beneficial Ownership

Pamela A. Barnes, SVP of Packaging Corp of America, reports transactions involving common stock, including acquisition of shares from performance units and accumulated dividends, and shares withheld for tax obligations.

Summary

• On February 28, 2024, Pamela A. Barnes, SVP of Packaging Corp of America, reported changes in beneficial ownership of the company's common stock.
• She acquired 1,785 shares from performance units and 173 shares from accumulated dividends, both at a price of $0.00.
• The performance units were awarded on February 25, 2020, and performance was achieved at the 100% level.
• The company withheld 868 shares at $176.36 to cover the withholding tax obligation associated with equity awards vesting on the transaction date.
• Following these transactions, Barnes directly owns 43,044 shares and indirectly owns shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.

Positives

• The vesting of performance units at 100% indicates that performance goals were met.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions affect the reported ownership of a key executive, which is of interest to shareholders.

Key Dates