Form 4: PKG SVP Tax Withholding on Equity Award

Packaging Corp of America SVP Heidi L. Patton reported a routine disposition of 681 common shares to cover tax obligations related to an equity incentive plan.

Summary

• Heidi L. Patton, SVP of Packaging Corp of America (PKG), reported a transaction on February 23, 2026.
• 681 shares of Common Stock were disposed of at a price of $225.55 per share.
• This disposition was a withholding to cover tax obligations associated with the Company's Long-Term Equity Incentive Plan.
• Following the transaction, Ms. Patton beneficially owns 5,665 shares directly and 1,394 shares indirectly through a 401k Plan, totaling 7,059 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard administrative action for equity compensation rather than a discretionary investment decision.

Positives

• The transaction is a routine tax withholding, not a discretionary sale, indicating continued holding of equity by a senior executive.
• SVP Heidi L. Patton retains significant beneficial ownership of 7,059 shares after the transaction.

Negatives

• A disposition of 681 shares occurred, reducing direct beneficial ownership.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as tax withholdings related to equity compensation, are common across all industries, including the packaging sector, and typically do not signal significant shifts in company strategy or performance.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction, not a discretionary sale. The executive retains significant equity holdings.

Key Dates

Keywords

Packaging Corp of America, PKG, Heidi L. Patton, SVP, Form 4, Insider Transaction, Equity Incentive Plan, Tax Withholding, Common Stock