Form 4: Packaging Corporation of America Executive Pflederer Reports Stock Transactions
SEC Form 4 Filing
Kent A. Pflederer, SVP at Packaging Corporation of America, reports acquisition and disposal of company stock related to performance unit payouts and tax obligations.
Summary
- On March 4, 2025, Kent A. Pflederer, a Senior Vice President at Packaging Corporation of America (PKG), reported transactions involving the company's common stock.
- These transactions include the acquisition of 2,878 shares and 266 shares due to the payout of performance units and accumulated dividends on those units, respectively.
- The performance units were awarded on February 23, 2021, and the compensation committee certified the attainment of the performance measure on March 4, 2025.
- Pflederer also disposed of 1,393 shares to cover withholding tax obligations associated with the vesting of equity awards, at a price of $202.27 per share.
- Following these transactions, Pflederer directly owns 63,523 shares of PKG common stock and indirectly owns 4,116 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/23/2021 | Date performance units were awarded to the reporting person. |
| 03/04/2025 | Date of the reported stock transactions, including acquisition and disposal of shares. |
| 03/04/2025 | Date the compensation committee certified attainment of the performance measure. |
| 03/06/2025 | Date of signature on the Form 4 filing. |
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