Packaging Corp (PKG) president granted stock; 12,615 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Packaging Corp of America President Thomas A. Hassfurther reported equity compensation activity in company common stock. On March 27, 2026, he acquired 29,778 shares through a grant tied to TSR performance units awarded in February 2023, after performance was certified at 200%. He also received 2,279 shares as a payout of accumulated dividends on vesting performance units. To cover withholding tax obligations on these equity awards, the company withheld 12,615 shares at a price of $212.25 per share. Following these transactions, he held 231,282 shares directly, plus indirect holdings through a 401(k) plan, his spouse and an investment entity, with beneficial ownership over spouse and investment entity shares disclaimed as noted.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Hassfurther Thomas A
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 29,778 | $0.00 | -- |
| Grant/Award | Common Stock | 2,279 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,615 | $212.25 | $2.68M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 241,618 shares (Direct);
Common Stock — 12,143 shares (Indirect, by 401(k) plan)
Footnotes (1)
- On March 27, 2026, the compensation subcommittee of the compensation committee of the registrant's board of directors certified attainment of the performance measure under the TSR performance units awarded to the reporting person on February 22, 2023. Performance was achieved at 200%. The units paid out on the date of certification. Payout in shares of accumulated dividends on vesting performance units. Reporting person disclaims beneficial ownership of shares held by spouse. Pursuant to the terms of the Company's Long-Term Equity Incentive Plan, the Company withheld shares to cover the withholding tax obligation associated with equity awards vesting on the transaction date. Reporting person disclaims beneficial ownership of shares held by investment entity except to the extent of his pecuniary interest therein.
Key Figures
TSR award shares granted: 29,778 shares
Dividend payout shares: 2,279 shares
Shares withheld for taxes: 12,615 shares
+5 more
8 metrics
TSR award shares granted
29,778 shares
Common Stock grant from TSR performance units on March 27, 2026
Dividend payout shares
2,279 shares
Payout in shares of accumulated dividends on vesting performance units
Shares withheld for taxes
12,615 shares
Withheld to cover withholding tax obligation on equity awards
Withholding price per share
$212.25 per share
Value used for tax-withholding share disposition
Direct holdings after transactions
231,282 shares
Common Stock directly owned after March 27, 2026 transactions
401(k) indirect holdings
12,143 shares
Common Stock held indirectly by 401(k) plan
Spouse holdings
53,862 shares
Common Stock held by spouse; beneficial ownership disclaimed
Investment entity holdings
34,293 shares
Common Stock held through investment entity; beneficial ownership largely disclaimed
Key Terms
TSR performance units, accumulated dividends, Long-Term Equity Incentive Plan, withholding tax obligation, +1 more
5 terms
TSR performance units financial
"certified attainment of the performance measure under the TSR performance units awarded"
accumulated dividends financial
"Payout in shares of accumulated dividends on vesting performance units."
Long-Term Equity Incentive Plan financial
"Pursuant to the terms of the Company's Long-Term Equity Incentive Plan, the Company withheld shares"
withholding tax obligation financial
"withheld shares to cover the withholding tax obligation associated with equity awards vesting"
beneficial ownership financial
"Reporting person disclaims beneficial ownership of shares held by spouse."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did PKG President Thomas Hassfurther report?
Thomas Hassfurther reported equity compensation activity involving grants and tax withholding in Packaging Corp of America common stock. He received shares from vesting TSR performance units and related dividend payouts, while the company withheld shares to satisfy tax obligations linked to these equity awards on March 27, 2026.
What are Thomas Hassfurther’s direct PKG holdings after these transactions?
After the reported transactions, Thomas Hassfurther directly owned 231,282 shares of Packaging Corp of America common stock. This figure reflects the net result of the stock grants and the shares withheld for taxes on March 27, 2026, as shown in the Form 4 filing.
What indirect PKG holdings are reported for Thomas Hassfurther?
The filing shows 12,143 shares held indirectly through a 401(k) plan, 53,862 shares held by his spouse, and 34,293 shares through an investment entity. He disclaims beneficial ownership of spouse-held shares and of investment-entity shares except to the extent of any pecuniary interest.
What are TSR performance units mentioned in the PKG Form 4 footnotes?
TSR performance units are equity awards tied to total shareholder return performance measures. In this case, performance for units awarded on February 22, 2023 was certified at 200%, triggering payout in shares on March 27, 2026, along with accumulated dividend-equivalent shares.