SEC Filing Analysis: PACKAGING CORP OF AMERICA (PKG)

Executive Summary

• Trading Significance: Low
• Key Takeaway: The President of Packaging Corp of America sold $2.8 million worth of stock, a transaction that is immaterial relative to the company's market capitalization and the insider's total holdings.
• Market Impact: The sale is considered routine and is not expected to have a significant impact on the stock price.

Company Information

Field	Value
Company	PACKAGING CORP OF AMERICA
Ticker Symbol	PKG
CIK	0000075677
Industry	Paperboard Containers & Boxes

Insider Information

Field	Value
Name	Hassfurther Thomas A
CIK	0001318252
Title/Position	President
Relationship	Officer

Transaction Details

Field	Value
Form Type	4
Transaction Date	2026-02-05
Transaction Code	S (Open market or private sale of securities)
Security Type	Common Stock
Shares Involved	12,129
Price Per Share	$230.50
Total Value	$2,795,734.50
Shares Owned After	197,062 (Directly)
Ownership Type	Direct

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$2,795,734.50
% of Market Cap	0.013%
Shares Transacted	12,129
% of Shares Outstanding	0.014%
Post-Transaction Ownership	297,275 shares (Total Direct & Indirect, ~0.33% of outstanding)
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: For a large-cap company with a market capitalization of $21.49 billion, a $2.8 million transaction is financially insignificant, representing just 0.013% of the company's value.
• Ownership Concentration: The sale was a small portion (~3.9%) of the insider's total reported direct and indirect holdings of over 309,000 shares prior to the transaction. The insider retains a substantial position post-sale.
• Transaction Significance: Based on the low percentage of market cap and shares outstanding, this trade is considered routine and does not signal a significant change in the insider's outlook on the company.

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: The transaction is too small relative to the company's size and the insider's total holdings to be considered a meaningful signal to the market. It is likely part of a planned diversification or liquidity strategy.

Volume & Sentiment

• Expected Volume Impact: Minimal. The number of shares traded is insignificant compared to the stock's typical daily volume.
• Sentiment Indicator: Neutral. The filing is unlikely to influence market sentiment due to its low materiality.

Additional Context

Transaction Notes

• The sale was a direct transaction by the insider. The filing also notes substantial indirect holdings through a 401(k) plan, a spouse, and an investment entity, which the insider continues to hold.