Packaging Corp of America (NYSE: PKG) president sells 21,328 shares
Rhea-AI Filing Summary
Packaging Corp of America president Thomas A. Hassfurther reported open-market sales of company common stock. He sold 8,797 shares on August 5, 2026 at $257 per share and 12,531 shares on August 3, 2026 at $250 per share, totaling 21,328 shares. The trades were not reported as made under a Rule 10b5-1 trading plan. Reported indirect positions include 12,176 shares in a 401(k) plan, 53,862 shares held by his spouse, for which he disclaims beneficial ownership, and 34,293 shares held through an investment entity, for which he reports beneficial ownership only to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 21,328 shares
Net Sell
5 txns
Insider
Hassfurther Thomas A
Role
President
Sold
21,328 shs ($5.39M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,797 | $257.00 | $2.26M |
| Sale | Common Stock | 12,531 | $250.00 | $3.13M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 209,954 shares (Direct);
Common Stock — 12,176 shares (Indirect, by 401(k) plan);
Common Stock — 53,862 shares (Indirect, By Spouse);
Common Stock — 34,293 shares (Indirect, Through investment entity)
Footnotes (2)
- F1. Reporting person disclaims beneficial ownership of shares held by spouse.
- F2. Reporting person disclaims beneficial ownership of shares held by investment entity except to the extent of his pecuniary interest therein.
Key Figures
Shares sold on 2026-08-05: 8,797 shares
Shares sold on 2026-08-03: 12,531 shares
Total shares sold: 21,328 shares
+3 more
6 metrics
Shares sold on 2026-08-05
8,797 shares
Common stock sold at $257 per share on August 5, 2026
Shares sold on 2026-08-03
12,531 shares
Common stock sold at $250 per share on August 3, 2026
Total shares sold
21,328 shares
Aggregate common shares sold per transaction summary
Indirect 401(k) holdings
12,176 shares
Common stock held indirectly by 401(k) plan after transactions
Spouse-held shares
53,862 shares
Indirect common stock held by spouse; beneficial ownership disclaimed
Investment entity shares
34,293 shares
Indirect common stock through investment entity; ownership only to extent of pecuniary interest
Key Terms
beneficial ownership, pecuniary interest, 401(k) plan, indirect ownership
4 terms
beneficial ownership financial
"Reporting person disclaims beneficial ownership of shares held by spouse."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"Disclaims ownership of investment entity shares except to the extent of his pecuniary interest therein."
401(k) plan financial
"Indirect ownership nature is listed as by 401(k) plan."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
indirect ownership financial
"Ownership type is marked as indirect for spouse and investment entity holdings."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PKG's Thomas A. Hassfurther report?
Thomas A. Hassfurther, president of Packaging Corp of America, reported selling 21,328 shares of common stock on August 3 and 5, 2026, in open-market transactions at prices between $250 and $257 per share.
Were Hassfurther’s PKG stock sales made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked, indicating Hassfurther’s reported stock sales were not identified as being made pursuant to a Rule 10b5-1 trading plan or similar prearranged program.