PKG CFO reports performance share awards and tax withholding
PACKAGING CORP OF AMERICA EVP & CFO Kent A. Pflederer reported equity compensation activity in company common stock.
Rhea-AI Filing Summary
PACKAGING CORP OF AMERICA EVP & CFO Kent A. Pflederer reported equity compensation activity in company common stock. On March 27, 2026, he acquired 5,596 shares from the payout of TSR performance units that were certified at 200% of the performance measure, and an additional 428 shares representing accumulated dividend equivalents on those units. These are compensation-related awards rather than open-market purchases.
Pursuant to the company’s Long-Term Equity Incentive Plan, the company then withheld 2,670 shares at $212.25 per share to satisfy tax obligations tied to the vesting awards, a non-market disposition. After these transactions, Pflederer held 73,061 shares directly, plus 4,242 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Pflederer Kent A.
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,596 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 428 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,670 | $212.25 | $567K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 73,061 shares (Direct);
Common Stock — 4,242 shares (Indirect, through 401(k) plan)
Footnotes (3)
- F1. On March 27, 2026, the compensation subcommittee of the compensation committee of the registrant's board of directors certified attainment of the performance measure under the TSR performance units awarded to the reporting person on February 22, 2023. Performance was achieved at 200%. The units paid out on the date of certification.
- F2. Payout in shares of accumulated dividends on vesting performance units.
- F3. Pursuant to the terms of the Company's Long-Term Equity Incentive Plan, the Company withheld shares to cover the withholding tax obligation associated with equity awards vesting on the transaction date.
Key Figures
TSR performance unit payout: 5,596 shares
Dividend equivalent shares: 428 shares
Tax withholding shares: 2,670 shares
+4 more
7 metrics
TSR performance unit payout
5,596 shares
Common stock from TSR performance units on March 27, 2026
Dividend equivalent shares
428 shares
Payout of accumulated dividends on vesting performance units
Tax withholding shares
2,670 shares
Shares withheld to cover taxes on equity awards
Withholding price
$212.25 per share
Value used for tax-withholding disposition
Direct holdings after transaction
73,061 shares
Common stock directly owned by Kent A. Pflederer
Indirect 401(k) holdings
4,242 shares
Common stock held indirectly through 401(k) plan
TSR performance level
200%
Certified performance for February 22, 2023 TSR units
Key Terms
TSR performance units, Long-Term Equity Incentive Plan, withholding tax obligation, accumulated dividends, +1 more
5 terms
TSR performance units financial
"certified attainment of the performance measure under the TSR performance units awarded"
Long-Term Equity Incentive Plan financial
"Pursuant to the terms of the Company's Long-Term Equity Incentive Plan, the Company withheld shares"
withholding tax obligation financial
"withheld shares to cover the withholding tax obligation associated with equity awards vesting"
accumulated dividends financial
"Payout in shares of accumulated dividends on vesting performance units"
401(k) plan financial
"total_shares_following_transaction: "4242.0000" ... nature_of_ownership: "through 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 did PKG EVP & CFO Kent A. Pflederer report in this Form 4?
Kent A. Pflederer reported equity compensation activity in Packaging Corp of America common stock. He received performance-based share awards and related dividend shares, and a portion of the vested shares was withheld by the company to cover tax obligations under its Long-Term Equity Incentive Plan.
What is the 200% performance achievement mentioned for PKG TSR units?
The filing states that TSR performance units granted on February 22, 2023 achieved performance at 200%. After the compensation committee certified this result on March 27, 2026, the units paid out in shares to Kent A. Pflederer on the certification date as part of his compensation.
Are the PKG transactions in this Form 4 open-market buys or sells?
The transactions reflect equity awards and tax withholding, not open-market trades. Shares were acquired via performance-based grants and dividend equivalents, while shares disposed of under code F were withheld by the company to pay taxes on vesting, rather than being sold on the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
