Walton Thomas W.H. 4
4 · PACKAGING CORP OF AMERICA · Filed Feb 28, 2019
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock
2019-02-27+4,286→ 40,432 total
Holdings
- 3,565(indirect: By 401(k))
Common Stock
Footnotes (1)
- [F1]On February 27, 2019, the Section 162(m) subcommittee of the compensation committee of the registrant's board of directors certified attainment of the performance measure under the performance units awarded to reporting person on June 25, 2015. Performance was achieved at the 100% level, which will result in the reported number of shares being paid out on June 25, 2019, the vesting date of the units, subject to continued service by the reporting person through such date. The committee has the discretion to award additional shares up to 20% of the number of units on or around the vesting date. At the time of vesting, reporting person will also be awarded shares with a value equal to the total dividends declared prior to vesting on the shares that are paid out.