Form 4: PKG Exec. VP Shirley Disposes Shares for Tax

Packaging Corp of America's Executive Vice President, Donald R. Shirley, reported the disposition of 1,287 common shares to cover tax obligations related to an equity incentive plan.

Summary

• Donald R. Shirley, Executive Vice President of Packaging Corp of America (PKG), disposed of 1,287 shares of common stock.
• The transaction occurred on February 23, 2026, at a price of $225.55 per share.
• These shares were withheld by the company to cover the withholding tax obligation associated with a transaction under the Long-Term Equity Incentive Plan.
• Following this transaction, Mr. Shirley directly owns 22,096 shares and indirectly owns 6,439 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It represents a routine, expected transaction related to executive compensation and tax obligations, rather than a discretionary sale or purchase indicating a change in sentiment.

Positives

• The transaction is a result of shares vesting or being awarded under the company's Long-Term Equity Incentive Plan, indicating successful performance or continued employment.

Negatives

• A disposition of shares, even for tax purposes, reduces the direct beneficial ownership of the executive.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, such as tax-related dispositions following equity awards, are common across all industries and typically do not reflect specific industry trends. This filing is specific to Packaging Corp of America's executive compensation structure.

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine tax-related disposition, not a discretionary sale indicating a change in executive confidence.
• Employees: No direct impact on general employees.

Key Dates

Keywords

Packaging Corp of America, PKG, Donald R. Shirley, Form 4, Insider Transaction, Equity Incentive Plan, Tax Withholding, Common Stock