Form 4: Packaging Corp of America SVP Reports Stock Transaction
SEC Form 4 Filing
Pamela A. Barnes, SVP of Packaging Corp of America, reports disposition of shares to cover tax obligations related to vesting equity awards.
Summary
- On February 26, 2024, Pamela A. Barnes, a Senior Vice President at Packaging Corp of America (PKG), reported a transaction involving the company's common stock.
- The transaction involved the disposition of 791 shares to cover withholding tax obligations associated with vesting equity awards.
- The price per share was $174.08.
- Following the transaction, Barnes directly owns 41,954 shares of Packaging Corp of America.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects a routine transaction related to tax obligations on vested equity.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock transaction |
| 02/28/2024 | Date of signature by attorney in fact |
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