Packaging Corp (NYSE: PKG) EVP sells 12,000 shares
Rhea-AI Filing Summary
PACKAGING CORP OF AMERICA (PKG) executive Donald R. Shirley, Executive Vice President, reported selling 12,000 shares of common stock on 2026-08-20 in an open-market or private transaction at a weighted average price of $250.708 per share. After this sale, he holds 19,110 shares directly and 6,501 shares indirectly through a 401(k) plan. The sale price reflects multiple trades with prices ranging from $249.60 to $252.475 per share.
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Insights
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Insider Trade Summary
Net Seller: 12,000 shares
Net Sell
2 txns
Insider
Shirley Donald R.
Role
Exec. VP
Sold
12,000 shs ($3.01M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 12,000 | $250.708 | $3.01M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 19,110 shares (Direct);
Common Stock — 6,501 shares (Indirect, by 401(k) plan)
Footnotes (1)
- F1. The price listed is the weighted average sale price. The actual sales prices for these shares ranged between $249.60 and $252.475. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price upon request.
Key Figures
Shares sold: 12,000 shares of Common Stock
Weighted average sale price: $250.708 per share
Sale price range: $249.60 to $252.475 per share
+3 more
6 metrics
Shares sold
12,000 shares of Common Stock
Sale on 2026-08-20 by Executive Vice President Donald R. Shirley
Weighted average sale price
$250.708 per share
Average price for the 12,000 shares sold on 2026-08-20
Sale price range
$249.60 to $252.475 per share
Range of prices for individual trades within the 12,000-share sale
Direct holdings after transaction
19,110 shares
Direct PKG common stock held by Donald R. Shirley after the sale
Indirect holdings after transaction
6,501 shares
Indirect PKG common stock held by 401(k) plan after the sale
Net shares sold
12,000 shares
Net buy/sell direction for this Form 4 is net-sell of 12,000 shares
Key Terms
weighted average sale price, open market or private transaction, 401(k) plan
3 terms
weighted average sale price financial
"The price listed is the weighted average sale price."
open market or private transaction financial
"Sale in open market or private transaction"
401(k) plan financial
"nature_of_ownership: 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.
FAQ
What insider transaction did PKG executive Donald R. Shirley report?
Donald R. Shirley, Executive Vice President of PACKAGING CORP OF AMERICA, reported a sale of 12,000 shares of common stock on 2026-08-20 in an open-market or private transaction at a weighted average price of $250.708 per share.
Was the PKG insider trade under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative (it is reported as false), and there is no footnote indicating that the 12,000-share sale by Donald R. Shirley was executed under a Rule 10b5-1 trading plan.
Does the PKG Form 4 show any derivative transactions for Donald R. Shirley?
No. The Form 4 shows no derivative transactions for Donald R. Shirley in this report. The transaction summary lists a sell of 12,000 common shares and one holding entry, with derivativeTransactionCount reported as 0.
AI-generated analysis. How Rhea-AI works. Not financial advice.
