SOULELES THOMAS S 4

What Happened Thomas S. Souleles, a director of Packaging Corp of America (PKG), received an award of 591 shares on 2026-05-12. The shares were granted at $0.00 per share (reported acquisition value $0) as the equity portion of his director fees. This was a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-12; transaction code: A (award/grant/acquisition).
• Shares granted: 591; price per share reported: $0.00; reported acquisition value: $0.
• Shares owned after the transaction: not disclosed in the filing.
• Footnote: F1 — "Share award for equity portion of directors fees."
• Filing timeliness: report filed on 2026-05-12 (same date as transaction), indicating a timely Form 4.

Context This was a routine director compensation award and not a purchase or sale. Such awards are commonly used to compensate board members and do not, by themselves, indicate the director is buying or selling shares for investment purposes. Retail investors should view this as standard compensation-related issuance unless additional trading by the insider is reported.