Pflederer Kent A. 4

What Happened

• Kent A. Pflederer, EVP & Chief Financial Officer of Packaging Corporation of America (PKG), had 1,297 shares withheld on February 23, 2026 to satisfy tax withholding obligations tied to equity awards. The shares were valued at $225.55 each, for a total of $292,538. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date and price: 2026-02-23 at $225.55 per share (total $292,538).
• Transaction type/code: F — shares withheld to cover tax withholding associated with equity awards vesting.
• Shares owned after transaction: Not reported in the provided filing excerpt.
• Footnote: F1 — withholding was done pursuant to the Company’s Long-Term Equity Incentive Plan to cover tax obligations on vesting.
• Filing timeliness: Reported on Form 4 filed 2026-02-24 for a 2026-02-23 transaction (appears timely).

Context

• This was a routine tax-withholding event (sometimes called a cashless or net settlement-style withholding) where the company retains/surrenders shares to cover required taxes. It does not represent an open-market sale or a directional buy/sell signal by the insider.