Shirley Donald R. 4

What Happened Shirley Donald, Executive Vice President of Packaging Corporation of America (PKG), was granted 2,774 restricted stock units (RSUs) on February 25, 2026. The Form 4 reports the acquisition price as $0.00 (code A for award/grant); the filing shows a reported value of $0 because these are equity awards, not an open-market purchase.

Key Details

• Transaction date: 2026-02-25; filing date: 2026-02-26 (filed the next day, which is timely under Form 4 rules).
• Transaction type/code: Award/Grant (A).
• Amount: 2,774 RSUs; reported price: $0.00; reported dollar value on Form 4: $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 — each RSU represents a contingent right to receive one share of the company’s common stock (will convert to shares subject to vesting/conditions).

Context RSUs are compensation awards that convert to actual shares only if vesting conditions are met; they are not immediate open-market purchases or sales and may be subject to forfeiture until vested. Awards like this are common for executive compensation and do not by themselves indicate an immediate buy/sell decision in the market.