Form 4: Packaging Corporation of America Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Kent A. Pflederer, SVP of Packaging Corporation of America, disposed of 1,310 shares of common stock to cover withholding tax obligations related to vesting equity awards.
Summary
- On February 26, 2024, Kent A. Pflederer, a Senior Vice President at Packaging Corporation of America (PKG), disposed of 1,310 shares of common stock.
- The transaction was executed to cover the withholding tax obligation associated with equity awards vesting on that date.
- The shares were sold at a price of $174.08 per share.
- Following the transaction, Pflederer directly owns 53,137 shares of PKG common stock and indirectly owns 4,020 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when equity awards vest.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of transaction: Kent A. Pflederer disposed of shares to cover tax obligations. |
| 02/28/2024 | Date of signature: Kent A. Pflederer signed the Form 4 filing. |
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