Form 4: Pactiv Evergreen Inc. Executive Reports Stock Disposal to Cover Tax Obligations

Chandra J. Mitchell, Chief Legal Officer & Secretary of Pactiv Evergreen Inc., disposed of 18,104 shares of common stock on June 24, 2024, to satisfy tax withholding obligations.

Summary

• On June 24, 2024, Chandra J. Mitchell, the Chief Legal Officer & Secretary of Pactiv Evergreen Inc. (PTVE), reported a transaction involving the disposal of company stock.
• Mitchell disposed of 18,104 shares of common stock at a price of $11.63 per share.
• The disposal was executed to cover tax withholding obligations related to equity compensation.
• Following the transaction, Mitchell directly owns 176,913 shares of Pactiv Evergreen Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine stock disposal for tax purposes. It doesn't indicate any significant positive or negative developments for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related stock disposal, common among executives with equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine stock disposal by an executive for tax purposes.

Key Dates