[144] Packaging Corp of America SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Packaging Corp of America (PKG) shows a proposed sale of 25,000 common shares through Northern Trust Securities on the NYSE with an aggregate market value of $5,376,500.00 and approximately 89,978,783 shares outstanding. The shares to be sold were acquired by the reporting person as stock awards issued by the company on 02/25/2024, 03/04/2024 and 03/28/2024, totaling 43,000 shares when summed in the table. The filing indicates no securities sold by the person in the past three months and states the seller represents they have no undisclosed material adverse information about the issuer.

Positive

• Transparency: The filing discloses broker, proposed sale date, aggregate market value, and acquisition details for the shares to be sold
• Origin of shares: All reported shares were acquired as stock awards from the issuer, with payment marked as compensation
• No recent sales: The filer reports Nothing to Report for securities sold during the past three months

Negative

• Proposed insider sale: The person intends to sell 25,000 common shares valued at $5,376,500.00
• Limited context: The filing contains no information on the filer’s remaining holdings or any change in beneficial ownership percentages

Insights

Securities Analyst

TL;DR: Routine insider sale notice: 25,000 PKG shares proposed for sale, acquired as compensation in 2024; no recent sales reported.

The Form 144 is a standard regulatory notice for a proposed sale by an insider or affiliate. It discloses the broker (Northern Trust Securities), the proposed sale date (09/11/2025), the aggregate market value reported ($5,376,500.00), and the acquisition dates and amounts for the shares (02/25/2024, 03/04/2024, 03/28/2024). The filer reports no securities sold in the last three months. This document provides transactional transparency required under Rule 144 but does not include financial performance, changes in ownership percentages, or other operational details.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; shows compensation-related share origin and a representation of no undisclosed material information.

The filing documents that the shares to be sold originated from stock awards granted by the issuer, and the signer affirms absence of undisclosed material adverse information. This is consistent with governance expectations for insider liquidity and public disclosure. The form does not indicate any clustered recent insider sales or other governance actions beyond the single proposed transaction.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Northern Trust Securities, Inc 50 S Lasalle Street Chicago IL 60603	25000	5376500.00	89978783	09/11/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/04/2024	Stock Award	Issuer			12044	03/04/2024	Compensation
Common	02/25/2024	Stock Award	Issuer			10979	02/25/2024	Compensation
Common	03/28/2024	Stock Award	Issuer			1977	03/28/2024	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for PKG disclose about the proposed sale?

The form discloses a proposed sale of 25,000 PKG common shares through Northern Trust Securities on the NYSE with an aggregate market value of $5,376,500.00 and an approximate sale date of 09/11/2025.

How were the shares being sold acquired according to the filing?

The filing states the shares were acquired as stock awards from the issuer on 02/25/2024, 03/04/2024, and 03/28/2024, and payment is listed as compensation.

Does the Form 144 report any sales by the filer in the past three months?

No. The section for securities sold during the past three months is marked as Nothing to Report.

Which broker and exchange are named for the proposed sale of PKG shares?

The broker is Northern Trust Securities, Inc. and the exchange listed is the NYSE.

Does the filer claim any undisclosed material information about PKG?

By signing the notice, the filer represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.