Packaging Corp of America (NYSE: PKG) SVP lists 4,244 shares
Rhea-AI Filing Summary
Packaging Corp of America senior vice president of finance Fabian Celestin Strauss filed an initial ownership report on company stock. The Form 3 shows he directly holds 4,244 shares of common stock, including 3,301 shares of restricted stock and 650 restricted stock units, each RSU convertible into one common share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Strauss Fabian Celestin
Role
SVP Finance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,244 shares (Direct)
Footnotes (1)
- F1. Includes 3,301 shares of restricted stock and 650 restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the registrant's common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Form 3 filing by PKG executive Fabian Celestin Strauss show?
The Form 3 filing shows SVP Finance Fabian Celestin Strauss’s initial ownership in Packaging Corp of America. It reports his direct holdings of common stock, including restricted shares and restricted stock units, establishing his baseline equity position as a company insider.
What restricted stock and RSUs does the PKG SVP Finance hold?
The SVP Finance holds 3,301 shares of restricted stock and 650 restricted stock units in Packaging Corp of America. Each RSU represents a contingent right to receive one share of common stock if vesting and other award conditions are satisfied in the future.
Does the PKG Form 3 indicate a new stock purchase or sale by the executive?
The Form 3 functions as an initial ownership report and does not show any buy or sell transaction. It simply discloses Fabian Celestin Strauss’s existing direct holdings of common stock, restricted stock, and restricted stock units as he becomes a reporting insider.
What is a restricted stock unit (RSU) in the PKG executive’s holdings?
A restricted stock unit is a promise to deliver one share of common stock in the future if conditions are met. In this filing, each RSU held by the PKG SVP Finance represents a contingent right to receive one Packaging Corp of America common share.