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Packaging Corp of America (NYSE: PKG) director plans 12,000-share sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Packaging Corp of America (PKG) director Donald Ray Shirley filed a Rule 144 notice to sell up to 12,000 shares of PKG common stock through Merrill Lynch on the NYSE, with a proposed sale date of 08/20/2026. The notice lists an aggregate market value of $3,000,000 for these shares and states that PKG had 89,098,299 shares outstanding. The shares derive from several stock bonus awards granted between 2024 and 2026.

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Proposed shares to be sold 12,000 shares Common stock covered by Donald Ray Shirley’s Rule 144 notice
Aggregate market value of securities to be sold $3,000,000 Value reported for the 12,000 PKG shares in the Form 144
Shares outstanding 89,098,299 shares Packaging Corp of America common shares outstanding as referenced in the notice
Stock bonus grant 1 1,177 shares Common stock bonus dated 02/25/2024
Stock bonus grant 2 1,844 shares Common stock bonus dated 02/23/2025
Stock bonus grant 3 2,142 shares Common stock bonus dated 03/11/2025
Proposed sale date 08/20/2026 Date listed for the contemplated sale of 12,000 shares
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Form 144 regulatory
"144: Filer Information ... 144: Issuer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
stock bonus financial
"Common | 02/25/2024 | Stock bonus | Packaging Corp of America"
aggregate market value financial
"Common | Merrill Lynch ... | 12000 | 3000000 | 89098299"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

What does the Form 144 filing disclose for Packaging Corp of America (PKG)?
The filing discloses that director Donald Ray Shirley plans to sell up to 12,000 shares of PKG common stock under Rule 144, with a proposed sale date of 08/20/2026 and an aggregate market value of $3,000,000.

Who is selling Packaging Corp of America (PKG) shares and in what capacity?
The seller is Donald Ray Shirley, identified as a director of Packaging Corp of America. The Form 144 notice is filed for his account, covering shares he holds that were received as stock bonus awards over several years.

How many Packaging Corp of America (PKG) shares are covered by this Form 144?
The notice covers a proposed sale of up to 12,000 shares of PKG common stock. These shares are associated with multiple stock bonus grants, including awards of 1,177, 1,844, 2,142, 3,571, 1,983, and 1,284 shares on dates from 2024 to 2026.

What is the reported market value and share count context for PKG in this filing?
The filing states an aggregate market value of $3,000,000 for the 12,000 shares proposed for sale. It also notes that Packaging Corp of America had 89,098,299 shares outstanding, giving context to the relative size of the planned sale.

Through which broker and market will the PKG shares potentially be sold?
The proposed sales are to be executed through Merrill Lynch, with the shares listed as trading on the NYSE. This is standard disclosure on Form 144, identifying the broker and principal market for the contemplated transaction in Packaging Corp of America shares.

What is the source of the PKG shares being sold under this Form 144?
The shares were acquired as stock bonus awards from Packaging Corp of America. The filing lists specific grant dates, including 02/25/2024, 02/23/2025, 03/11/2025, 04/10/2025, and 02/23/2026, each with associated share amounts received by the director.

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144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR