Hassfurther Thomas A 4
4 · PACKAGING CORP OF AMERICA · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Packaging Corp (PKG) President Thomas Hassfurther Receives Award
What Happened
Thomas A. Hassfurther, President of Packaging Corporation of America (PKG), received 12,492 shares on March 6, 2026 as a payout from vested ROIC performance units (awarded Feb 23, 2022). Of those shares, 4,917 were surrendered/withheld to cover the tax withholding obligation at a per-share value of $222.52, generating $1,094,131. The award shares were issued at $0.00 (vested award), resulting in a net issuance to him of about 7,575 shares after withholding.
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (within the standard two-business-day window).
- Award: 11,474 shares + 1,018 shares = 12,492 shares issued at $0.00 (codes A).
- Tax withholding: 4,917 shares disposed at $222.52 each (code F) for $1,094,131 withheld.
- Shares owned after transaction: not specified in this Form 4.
- Footnotes of note:
- F1: Certification of performance measure for ROIC performance units triggered payout.
- F2: Payout included accumulated dividends on vesting performance units.
- F4: Shares were withheld pursuant to the Company’s Long‑Term Equity Incentive Plan to cover tax withholding.
- F3/F5: Reporting person disclaims beneficial ownership of certain shares held by spouse or an investment entity (per filing).
Context
This was not an open‑market sale or a purchase — it was the vesting and payout of long‑term performance units into shares, with a company withholding of shares to satisfy tax obligations (a routine administrative step). Such award vestings are compensation events rather than direct signals of buying or selling intent.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-06+11,474→ 215,739 total - Award
Common Stock
[F2]2026-03-06+1,018→ 216,757 total - Tax Payment
Common Stock
[F4]2026-03-06$222.52/sh−4,917$1,094,131→ 211,840 total
- 12,061(indirect: By 401(k))
Common Stock
- 53,862(indirect: By Spouse)
Common Stock
[F3] - 34,293(indirect: Through investment entity)
Common Stock
[F5]
Footnotes (5)
- [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]Reporting person disclaims beneficial ownership of shares held by spouse.
- [F4]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.
- [F5]Reporting person disclaims beneficial ownership of shares held by investment entity except to the extent of his pecuniary interest therein.