PKG CFO Mundy sells 12,500 shares ($3.0M) at $240.62; holds 44.0K post-sale as stock trades near 52-week high
Robert P. Mundy, EVP & CFO of Packaging Corp of America, sold 12,500 shares on 2024-11-08 at $240.62, representing a -22.1% reduction in his holdings to 44.0K shares. The sale occurred near the company's 52-week high of $241.59, with the stock up 10.0% over the prior 30 days and 23.4% over 90 days. Mundy's cross-ticker insider track record shows 1 prior sell with a 90-day well-timed rate of 100.00%, and his prior PKG sale on 2024-03-06 produced a 90d return of -0.3%—indicating that sale preceded a near-term decline. The company's fundamentals show revenue of $2.2B (latest quarter) with -8.0% annual revenue growth, and a P/E of 27.85. This sale follows a substantial appreciation phase and reduces executive holdings by a material percentage, though the CFO retains significant equity stake.