Form 4: PKG President Sells Shares for Tax Obligations

Packaging Corp of America President Thomas A. Hassfurther disposed of 4,516 shares of common stock to cover tax obligations related to equity award vesting.

Summary

• Thomas A. Hassfurther, President of Packaging Corp of America (PKG), reported a disposition of 4,516 shares of common stock.
• The transaction occurred on February 23, 2026, at a price of $225.55 per share.
• The shares were withheld by the company to cover the withholding tax obligation associated with equity awards vesting under the Company's Long-Term Equity Incentive Plan.
• Following this transaction, Mr. Hassfurther directly beneficially owns 192,546 shares of common stock.
• Indirect beneficial ownership includes 12,061 shares through a 401(k) plan, 53,862 shares held by a spouse (for which beneficial ownership is disclaimed), and 34,293 shares through an investment entity (for which beneficial ownership is disclaimed except to the extent of pecuniary interest).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the disposition of shares is a routine, non-discretionary transaction to cover tax obligations associated with equity award vesting, rather than a discretionary sale indicating a change in sentiment.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that tax-related dispositions of equity awards are a common and routine occurrence for executives receiving compensation in the form of company stock, and this transaction is consistent with typical insider reporting practices.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in the executive's investment thesis or company performance.

Key Dates

Keywords

PKG, Packaging Corp of America, Form 4, Insider Transaction, Equity Award, Tax Withholding, Stock Sale