Form 4: PKG Executive's Equity Award Vesting & Tax Withholding
Insider Transaction Report
Packaging Corp of America's EVP-Mill Ops, Charles J. Carter, reported the vesting of performance units, dividend payouts, and shares withheld for taxes.
Summary
- Charles J. Carter, EVP-Mill Ops. at Packaging Corp of America (PKG), reported transactions involving the company's common stock.
- On March 27, 2026, 8,282 shares were acquired due to the attainment of performance measures for TSR performance units awarded on February 22, 2023, with performance certified at 200%.
- An additional 634 shares were acquired as a payout of accumulated dividends on these vesting performance units.
- Concurrently, 3,509 shares were disposed of at a price of $212.25 per share to cover withholding tax obligations associated with the vesting equity awards.
- Following these transactions, Carter directly holds 50,621 shares of common stock and indirectly holds 6,550 shares through a 401(k) plan.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive routine filing, primarily due to the executive's achievement of 200% of performance targets for TSR units, reflecting strong execution against compensation goals.
Positives
- The compensation subcommittee certified the attainment of performance measures for TSR performance units at 200%, indicating strong performance against targets.
- The executive received a payout of 8,282 shares due to this high performance, plus 634 shares from accumulated dividends.
Future Outlook
This filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that this Form 4 filing represents a routine insider transaction related to executive compensation, common across publicly traded companies in all industries, including the packaging sector. It reflects the pre-scheduled vesting of equity awards and associated tax obligations, rather than a discretionary sale or purchase based on market outlook.
Stakeholder Impact
- Shareholders may view the 200% attainment of performance measures as a positive indicator of management's ability to meet strategic goals, aligning executive incentives with shareholder value creation.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Date TSR performance units were awarded to the reporting person. |
| 03/27/2026 | Transaction date for acquisition of shares from performance unit payout, dividend payout, and disposition for tax withholding. |
| 03/31/2026 | Date the Form 4 was signed by the attorney in fact. |
Keywords
Packaging Corp of America, PKG, Insider Transaction, Form 4, Equity Award, Performance Units, Stock Vesting, Executive Compensation, Tax Withholding
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.