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Packaging Corporation of America’s SEC filings document results, governance, capital structure, and material events for a NYSE-listed operating company in containerboard products, corrugated packaging, and uncoated freesheet paper. Its Form 8-K reports furnish quarterly and full-year financial results, Regulation FD investor presentation materials, and notices involving directors, officers, and compensatory arrangements.
The filing record also includes a definitive proxy statement covering annual-meeting governance matters and disclosures on common stock registered under Section 12(b). Material-event filings describe financing arrangements, direct financial obligations, and the completed acquisition of Greif’s containerboard business, including added mill and corrugated-plant assets.
Packaging Corporation of America reports 2025 net sales of $8.99B, up from $8.38B in 2024, driven mainly by higher packaging prices and the acquisition of Greif’s containerboard business for $1.8B in cash.
Net income was $774M or $8.58 per diluted share versus $805M or $8.93 in 2024. Excluding $114M of special charges, adjusted net income rose to $888M or $9.84 per share, helped by better pricing and lower fiber costs.
The Packaging segment generated operating income of $1.13B, with EBITDA excluding special items of $1.83B; corrugated shipments including Greif grew 6.3% per day while legacy volumes were flat. The Paper segment earned operating income of $130M as higher prices offset lower volumes.
Containerboard production reached 5.2 million tons (305 BSF) with capacity of about 5.8 million tons. PCA ended 2025 with $668M in cash and marketable debt securities, $4.0B of debt, and total liquidity of $1.24B. The company repurchased 0.8 million shares for $153M and has $283.1M remaining under its buyback authorization.
PACKAGING CORP OF AMERICA senior vice president Darla J. Olivier reported a Form 4 transaction involving company common stock. On the transaction date, 513 shares of common stock were disposed of at a price of $225.55 per share to cover withholding tax obligations tied to vesting equity awards, as permitted under the company’s Long-Term Equity Incentive Plan. After this tax-withholding disposition, Olivier directly owned 57,538 shares of PACKAGING CORP OF AMERICA common stock.
Packaging Corp of America senior vice president Heidi L. Patton reported a tax-related share disposition. On February 23, 2026, the company withheld 681 shares of common stock at $225.55 per share to cover withholding taxes under its Long-Term Equity Incentive Plan. After this transaction, Patton directly held 5,665 common shares and indirectly held 1,394 common shares through a 401(k) plan.
Packaging Corp of America executive Donald R. Shirley reported a tax-related share disposition. On February 23, 2026, the company withheld 1,287 shares of common stock at $225.55 per share to cover withholding tax under its Long-Term Equity Incentive Plan. After this withholding, Shirley directly owned 22,096 common shares, and indirectly held 6,439 shares through a 401(k) plan.
Packaging Corp of America executive Charles J. Carter reported an automatic tax-withholding share disposition under the company’s equity plan. On the transaction date, the company withheld 1,705 shares of Common Stock at $225.55 per share to cover withholding tax obligations tied to vesting equity awards. After this tax-withholding disposition, Carter directly owned 38,143 shares. He also indirectly held 6,474 shares of Common Stock through a 401(k) plan.
Packaging Corp of America President Thomas A. Hassfurther reported a tax-related share disposition. On February 23, 2026, the company withheld 4,516 shares of common stock at $225.55 per share to cover withholding taxes on vesting equity awards.
After this withholding, he directly owned 192,546 common shares. He also had indirect interests in shares held by a 401(k) plan, his spouse, and an investment entity, while disclaiming beneficial ownership of the spouse’s shares and, for the investment entity, beyond his pecuniary interest.
PACKAGING CORP OF AMERICA Chairman & CEO Mark W. Kowlzan reported an automatic share disposition tied to equity compensation. On the transaction date, the company withheld 7,371 shares of Common Stock at $225.55 per share to cover withholding taxes under its Long-Term Equity Incentive Plan, rather than an open-market sale.
After this tax-withholding disposition, Kowlzan directly owned 430,007 common shares. The filing also shows indirect holdings of 20,263 shares in a 401(k) plan and 2,565 shares held by his spouse, with the reporting person disclaiming beneficial ownership of the spouse’s shares.
PACKAGING CORP OF AMERICA senior vice president Joseph Vaughn reported a tax-related share disposition. On the vesting date of certain equity awards, the company withheld 531 shares of common stock at $225.55 per share to cover withholding tax obligations, rather than an open-market sale. Following this withholding transaction, Vaughn directly owns 9,687 common shares and indirectly holds 451 shares through a 401(k) plan.
Packaging Corp of America EVP & CFO Kent A. Pflederer reported a tax-related share disposition under the company’s Long-Term Equity Incentive Plan. On the transaction date, 1,297 shares of common stock were withheld by the company at $225.55 per share to cover withholding taxes on vesting equity awards. After this withholding transaction, he directly held 65,160 common shares and indirectly held 4,224 shares through a 401(k) plan.
Packaging Corporation of America received a notice of proposed insider share sales under Rule 144. A trust associated with Thomas A. Hassfurther filed to sell 26,450 shares of common stock through Charles Schwab on the NYSE, with an aggregate market value of $6,526,537, on or after February 13, 2026.
The shares to be sold were acquired through stock grants from the issuer between July 11, 2023 and February 28, 2024, totaling 26,450 shares as equity compensation. The filing also reports that the same trust sold 12,129 common shares on February 5, 2026 for gross proceeds of $2,795,734. The signer represents they are not aware of undisclosed material adverse information about the company.