Form 4: PKG EVP Sells Shares for Tax Obligation

Packaging Corp of America's EVP-Mill Ops, Charles J. Carter, disposed of 1,705 shares of common stock to cover tax obligations related to vesting equity awards.

Summary

• Charles J. Carter, Executive Vice President of Mill Operations at Packaging Corp of America (PKG), reported a transaction on February 23, 2026.
• The transaction involved the disposal of 1,705 shares of common stock at a price of $225.55 per share.
• This disposal was executed to satisfy withholding tax obligations associated with equity awards vesting under the Company's Long-Term Equity Incentive Plan.
• Following this transaction, Mr. Carter directly beneficially owns 38,143 shares of common stock.
• Additionally, Mr. Carter indirectly beneficially owns 6,474 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a routine, non-discretionary sale to cover tax liabilities upon equity award vesting, which is a common practice for executives and does not indicate a change in company fundamentals or management's outlook.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholdings upon equity vesting, are common occurrences for executives in publicly traded companies across all industries. This specific transaction for Packaging Corp of America's EVP is a routine compliance event and does not inherently reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in the executive's confidence or the company's performance.

Key Dates

Keywords

Packaging Corp of America, PKG, Insider Transaction, Form 4, Equity Award, Tax Withholding, Charles J. Carter, Common Stock