Hassfurther Thomas A 4

What Happened
Thomas A. Hassfurther, President of Packaging Corporation of America (PKG), received an award of 11,719 restricted stock units (RSUs) on February 25, 2026. The Form 4 shows the acquisition code "A" at $0.00 per unit (RSU grants are typically reported with no purchase price), so the filing records the award but not an immediate cash value or market sale.

Key Details

• Transaction date: 2026-02-25 (reported on Form 4 filed 2026-02-26).
• Amount: 11,719 RSUs; reported price: $0.00 (common for RSU grants).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — each RSU is a contingent right to one share; F2 — disclaimer of beneficial ownership for spouse-held shares; F3 — disclaimer for shares held by an investment entity except to extent of pecuniary interest.
• Filing timeliness: Report filed one day after the transaction date — appears timely (no late filing flag).

Context
RSUs are awards that convert into actual shares only if vesting conditions are met; they are not an open-market purchase or sale and don't signal an immediate buy or sell action. They generally represent compensation and may be taxed as ordinary income when they vest or are delivered. For retail investors, RSU grants indicate management compensation alignment with shareholders but should not be interpreted as a near-term market trade.