EVP Carter reduces PKG stake by 5,389 shares ($1.1M) at $196.28; post-trade holdings 25.5K shares; stock now -0.3% from 52-week high.
Carter Charles J., an Executive Vice President overseeing Mill Operations, sold 5,389 shares of Packaging Corp of America at $196.28, reducing his holdings from 30.9K to 25.5K shares (a 17.4% reduction in stake). The transaction occurred near the 52-week high of $199.00, with the stock trading at $198.40 currently, placing this sale at the upper end of recent price action. His cross-ticker track record shows a 90-day well-timed rate of 100% across 1 prior sell, though his same-ticker history at PKG—a single prior sale from July 2023—posted a 90-day return of -0.5%, indicating the stock declined modestly post-sale. The company faces headwinds: annual revenue contracted 8.0% year-over-year despite the recent 14.7% gain over 90 days in the stock price, suggesting the equity has recovered recently while underlying demand remains under pressure.