GOWLAND KAREN E 4

What Happened Karen E. Gowland, a director of Packaging Corporation of America (PKG), was granted 591 shares as an award on 2026-05-12. The filing lists this as an award/grant (transaction code A) with an acquisition price of $0.00 and a reported transaction value of $0. The footnote states the shares were issued as the equity portion of director fees.

Key Details

• Transaction date: 2026-05-12; transaction type: Award/Grant (code A).
• Shares granted: 591; per-share price reported: $0.00; total reported value: $0.
• Footnote: Share award for equity portion of director fees (F1).
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: Reported on 2026-05-12 for the same date — appears to be timely.

Context Awards to non-employee directors for board service are common compensation and do not represent an open-market purchase or sale. Such grants are typically routine and intended as compensation rather than a direct signal of the director's view on the stock.