BEEBE CHERYL K 4

What Happened
Cheryl K. Beebe, a director of Packaging Corporation of America (PKG), was issued 591 shares as an award on 2026-05-12. The filing reports the shares were acquired at $0.00 per share (transaction code A — grant/award), meaning no cash was paid in connection with the award. The filing notes this award represents the equity portion of director fees.

Key Details

• Transaction date: 2026-05-12; filing date: 2026-05-12 (timely filing).
• Transaction type/code: Grant/award (A).
• Shares issued: 591 shares at $0.00 per share (total cash consideration = $0).
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 — "Share award for equity portion of directors fees."
• No indication of a 10% owner status, sale, option exercise, or tax withholding in this filing.

Context
This was a non-cash equity award as part of director compensation, a common form of pay for board members. Such awards are routine and reflect compensation mechanics rather than an explicit buy or sell signal about the company.