Patton Heidi L 4

What Happened

• Heidi L. Patton, Senior Vice President of Packaging Corporation of America (PKG), was granted 814 restricted stock units (RSUs) on February 25, 2026. The filing shows an acquisition of 814 shares at a $0.00 price (code A — award/grant), so there was no cash purchase.
• The RSUs represent contingent rights to receive one share of PKG common stock per RSU when vesting conditions are met; the immediate reported value is $0 but eventual value will depend on PKG’s share price at settlement.

Key Details

• Transaction date: 2026-02-25; filing date: 2026-02-26 (timely filing).
• Reported transaction: 814 RSUs acquired at $0.00 (transaction code A — award/grant).
• Footnote: F1 — each RSU represents a contingent right to one share of common stock upon vesting.
• Shares owned after the transaction: not specified in the provided filing.
• No tax-withholding disposition or sale reported in this Form 4.

Context

• RSUs are a form of equity compensation that typically vest over time or upon meeting performance conditions; they convert into actual shares (and become taxable) only when vested and settled.
• Awards like this are routine executive compensation and do not by themselves indicate a buy/sell signal.