Form 4: Packaging Corporation of America: Executive Pflederer Reports Stock Transactions
SEC Form 4 Filing
SVP Kent A. Pflederer of Packaging Corporation of America reports the withholding of shares to cover tax obligations and holdings through a 401(k) plan.
Summary
- Kent A. Pflederer, SVP at Packaging Corporation of America (PKG), reported changes in beneficial ownership of company stock on February 24, 2025.
- The transactions involved the withholding of 1,119 shares of common stock at a price of $209.74 to cover tax obligations related to vesting equity awards.
- Following the transaction, Pflederer directly owns 58,834 shares of common stock.
- Pflederer also indirectly owns 4,020 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to executive compensation and insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of stock transaction (tax withholding). |
| 02/25/2025 | Date of signature for the report. |
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