Form 4: Packaging Corp of America SVP Reports Tax-Related Share Withholding
SEC Form 4 Filing
Darla J. Olivier, SVP of Packaging Corp of America, reports the withholding of 939 common stock shares to cover tax obligations related to vesting equity awards.
Summary
- On February 26, 2024, Darla J. Olivier, a Senior Vice President at Packaging Corp of America (PKG), had 939 shares of common stock withheld to cover tax obligations.
- The shares were withheld at a price of $174.08 per share.
- Following the transaction, Olivier directly owns 21,676 shares of PKG common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine tax obligations. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for company executives to have shares withheld to cover tax obligations when equity awards vest. This type of transaction is a normal part of executive compensation and equity management.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of transaction: Share withholding for tax obligations. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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