Packaging Corp (PKG) CFO receives 2,774 RSUs equity award

Rhea-AI Filing Summary

PACKAGING CORP OF AMERICA EVP & CFO Kent A. Pflederer reported an award of 2,774 shares of common stock on February 25, 2026, coded as a grant or other acquisition at a price of $0.0000 per share. A footnote explains these represent restricted stock units, each convertible into one share of common stock. After the award, he directly holds 67,934 shares and indirectly holds 4,214 shares through a 401(k) plan.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Pflederer Kent A.

Role EVP & CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,774	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 67,934 shares (Direct); Common Stock — 4,214 shares (Indirect, through 401(k) plan)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pflederer Kent A.

(Last) (First) (Middle)

PACKAGING CORPORATION OF AMERICA

1 N. FIELD CT.

(Street)

LAKE FOREST IL 60045

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PACKAGING CORP OF AMERICA [ PKG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/25/2026		A(1)		2,774	A	$0	67,934	D
Common Stock								4,214	I	through 401(k) plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units ("RSUs") issued to the reporting person. Each RSU represents a contingent right to receive one share of the registrant's common stock.

	Kent A. Pflederer	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did PKG EVP & CFO Kent A. Pflederer report on this Form 4?

Kent A. Pflederer reported receiving an award of 2,774 shares of Packaging Corp of America common stock. The transaction was coded as a grant or other acquisition at zero cost per share, increasing his directly held position and reflecting equity-based compensation.

How many PKG shares does Kent A. Pflederer own after the reported transactions?

After the reported transactions, Kent A. Pflederer directly owns 67,934 shares of Packaging Corp of America common stock. He also indirectly holds 4,214 shares through a 401(k) plan, giving him combined direct and indirect exposure to the company’s equity.

What type of equity award did PKG grant to Kent A. Pflederer?

The award consists of restricted stock units, or RSUs, issued to Kent A. Pflederer. A footnote states each RSU represents a contingent right to receive one share of Packaging Corp of America common stock, aligning his compensation partly with future share value.

Was there a purchase price for Kent A. Pflederer’s new PKG shares?

There was no purchase price paid by Kent A. Pflederer for the new shares. The Form 4 shows a transaction price of $0.0000 per share, reflecting that the 2,774 shares were received as a grant or award rather than an open-market purchase.

How is Kent A. Pflederer’s indirect ownership in PKG structured?

Kent A. Pflederer’s indirect ownership consists of 4,214 shares of Packaging Corp of America common stock held through a 401(k) plan. This indirect position is separate from his 67,934 directly owned shares and reflects retirement-plan holdings associated with his employment.