Shirley Donald R. 4
4 · PACKAGING CORP OF AMERICA · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
PKG Exec VP Shirley Donald Receives Award, Sells 1,402 Shares
What Happened
Shirley Donald, Executive Vice President of Packaging Corporation of America (PKG), received performance-share awards that vested on March 6, 2026 (3,270 and 290 shares). To satisfy withholding tax on the payout, 1,402 shares were withheld/disposed at $222.52 each, generating $311,973. The awards were recorded at $0.00 acquisition price (standard for vested awards).
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (timely within the two-business-day rule).
- Awards: 3,270 shares and 290 shares acquired at $0.00 on vesting.
- Tax withholding/disposition: 1,402 shares disposed at $222.52 each for $311,973.
- Net shares delivered from this vesting: 3,560 awarded − 1,402 withheld = 2,158 shares retained by the insider.
- Footnotes: F1 — certification of ROIC performance-unit attainment (awarded Feb 23, 2022) paid out on certification; F2 — payout included accumulated dividends in shares; F3 — company withheld shares to cover the tax withholding obligation.
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context
This was a vesting of long-term performance units and routine tax-withholding, not an open-market sale or cash purchase. The withholding (reported as a disposition) is a common, administrative cashless settlement to cover taxes and does not necessarily indicate a change in the insider’s investment stance.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-06+3,270→ 28,140 total - Award
Common Stock
[F2]2026-03-06+290→ 28,430 total - Tax Payment
Common Stock
[F3]2026-03-06$222.52/sh−1,402$311,973→ 27,028 total
- 6,439(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]On March 6, 2026, the compensation subcommittee of the compensation committee of the registrant's board of directors certified attainment of the performance measure under the ROIC performance units awarded to the reporting person on February 23, 2022. The units paid out on the date of certification.
- [F2]Payout in shares of accumulated dividends on vesting performance units.
- [F3]Pursuant to the terms of the Company's Long-Term Equity Incentive Plan, the Company withheld shares to cover the withholding tax obligation associated with equity awards vesting on the transaction date.