PKG (PKG) director Duane Farrington granted 591-share stock award as fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Farrington Duane C reported acquisition or exercise transactions in this Form 4 filing.
PACKAGING CORP OF AMERICA director Duane C. Farrington received 591 shares of Common Stock as an equity award. The shares were granted at no cash cost to him as the equity portion of directors fees. After this grant, he directly holds 7,243 shares of the company’s stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Farrington Duane C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 591 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,243 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity award shares: 591 shares
Award price per share: $0.0000 per share
Shares owned after grant: 7,243 shares
3 metrics
Equity award shares
591 shares
Grant of Common Stock as equity portion of directors fees
Award price per share
$0.0000 per share
Reported transaction price for the granted Common Stock
Shares owned after grant
7,243 shares
Total direct holdings of Duane C. Farrington following the award
Key Terms
Grant, award, or other acquisition, Common Stock, equity portion of directors fees, Form 4
4 terms
Grant, award, or other acquisition financial
"transaction code description is “Grant, award, or other acquisition” for the 591 shares"
Common Stock financial
"The reported security title for the transaction is Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
equity portion of directors fees financial
"Footnote states: Share award for equity portion of directors fees"
Form 4 regulatory
"INSIDER FILING DATA (Form 4) describes the insider equity award"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did PACKAGING CORP OF AMERICA (PKG) report for Duane C. Farrington?
PACKAGING CORP OF AMERICA reported that director Duane C. Farrington received 591 shares of Common Stock. This was a share award representing the equity portion of his directors fees, rather than an open-market purchase or sale.
Was the Duane C. Farrington Form 4 transaction in PKG a market buy or sell?
The Form 4 transaction was not a market buy or sell. It was coded as a grant or award acquisition, reflecting shares issued as compensation for the equity portion of directors fees, with no cash price paid per share.
What does the footnote on the PKG Form 4 for Duane C. Farrington explain?
The footnote explains that the 591-share award represents the equity portion of directors fees. This clarifies the transaction as routine compensation, indicating the shares were granted as part of his director pay, not as a discretionary market trade.
How is the Duane C. Farrington PKG Form 4 transaction classified by the SEC code?
The transaction is classified with code “A,” meaning a grant, award, or other acquisition. This code indicates the 591 shares of Common Stock were awarded as compensation, aligning with the note that they are for the equity portion of directors fees.