Vaughn Joseph 4

What Happened Vaughn Joseph, Senior Vice President of Packaging Corp of America (PKG), received a grant of 1,480 restricted stock units (RSUs) on February 25, 2026. The Form 4 lists the acquisition as an award (code A) at a reported acquisition price of $0.00, so the filing shows a $0 acquisition value for the grant itself.

Key Details

• Transaction date: 2026-02-25; Filing date: 2026-02-26 (filed the next calendar day; within the two-business-day Form 4 window).
• Grant: 1,480 RSUs; Reported price: $0.00; aggregate reported acquisition value: $0.
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnote: F1 — Each RSU represents a contingent right to receive one share of the registrant's common stock.
• No codes or notes indicating tax-withholding share surrender or a 10b5-1 plan were provided in the excerpt.

Context RSU grants are compensation awards that typically vest over time and convert into actual shares only upon vesting; they are not an immediate open-market purchase or sale. Because the RSUs are contingent and may be subject to vesting and other conditions, this grant is a compensation event rather than a direct signal of immediate buying or selling.