Packaging Corp (NYSE: PKG) director gets 591-share equity fee award, updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MENCOFF SAMUEL M reported acquisition or exercise transactions in this Form 4 filing.
Packaging Corp of America director Samuel M. Mencoff received a share award of 591 shares of Common Stock as the equity portion of his directors fees. After this grant, he directly holds 270,193.616 shares of Common Stock. Separately, 75,525.985 shares are held indirectly through Temple Hall Partners, LP, a family limited partnership, where he disclaims beneficial ownership beyond his pecuniary interest. The filing also notes prior increases in both direct and indirect balances from dividend reinvestments that were exempt from reporting under Rule 16a-11 of the Exchange Act.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MENCOFF SAMUEL M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 591 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 270,193.616 shares (Direct, null);
Common Stock — 75,525.985 shares (Indirect, Through family limited partnership)
Footnotes (1)
- Share award for equity portion of directors fees. The beginning share balance increased from the previously reported amount due to reinvestment of dividends in transactions exempt from reporting pursuant to Rule 16a-11 under the Securities Exchange Act of 1934. The share balance increased from the previously reported amount due to reinvestment of dividends in transactions exempt from reporting pursuant to Rule 16a-11 under the Securities Exchange Act of 1934. Held by Temple Hall Partners, LP, a family limited partnership. Reporting person disclaims beneficial interest of such shares except to the extent of his pecuniary interest therein.
Key Figures
Share award: 591 shares
Direct holdings after grant: 270,193.616 shares
Indirect holdings via partnership: 75,525.985 shares
+1 more
4 metrics
Share award
591 shares
Equity portion of directors fees
Direct holdings after grant
270,193.616 shares
Common Stock held directly after 591-share award
Indirect holdings via partnership
75,525.985 shares
Held by Temple Hall Partners, LP family limited partnership
Award price per share
$0.00 per share
Reported price for 591-share director fee award
Key Terms
Rule 16a-11, family limited partnership, pecuniary interest, directors fees
4 terms
Rule 16a-11 regulatory
"reinvestment of dividends in transactions exempt from reporting pursuant to Rule 16a-11 under the Securities Exchange Act"
family limited partnership financial
"Held by Temple Hall Partners, LP, a family limited partnership."
pecuniary interest financial
"disclaims beneficial interest of such shares except to the extent of his pecuniary interest therein."
directors fees financial
"Share award for equity portion of directors fees."
FAQ
What did PKG director Samuel M. Mencoff report in this Form 4?
Samuel M. Mencoff reported receiving a 591-share Common Stock award as the equity portion of his directors fees. The filing also updates his direct and indirect holdings after exempt dividend reinvestment transactions.
What are Samuel M. Mencoff’s indirect holdings of PKG stock?
Indirectly, 75,525.985 shares of Packaging Corp of America are held through Temple Hall Partners, LP, a family limited partnership. Mencoff disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.