PORTER ROGER B 4

What Happened
Roger B. Porter, a director of Packaging Corporation of America (PKG), was granted 591 shares on 2026-05-12. The Form 4 lists the transaction as an award/grant (code A) at $0.00 per share, resulting in $0 reported purchase value; a footnote states this was the equity portion of director fees. This is a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-12
• Transaction type/code: Award/Grant (A)
• Shares granted: 591 shares at $0.00 per share (reported value $0)
• Footnote: F1 — "Share award for equity portion of directors fees"
• Shares owned after transaction: not specified in the provided filing excerpt
• Filing timeliness: Report period and filing date are the same (filed 2026-05-12); no late filing indicated

Context
Equity grants to directors are common forms of compensation and do not necessarily reflect buying or selling sentiment. Such awards may be subject to vesting, tax withholding, or other plan terms (none specified here). For investors, these grants are routine compensation disclosures rather than direct insider market activity like purchases or sales.