Packaging Corporation of America Management

Management criteria checks 2/4

Packaging of America's CEO is Mark Kowlzan, appointed in Jul 2010, has a tenure of 14.33 years. total yearly compensation is $15.23M, comprised of 9.4% salary and 90.6% bonuses, including company stock and options. directly owns 0.5% of the company’s shares, worth €105.37M. The average tenure of the management team and the board of directors is 10.3 years and 14.3 years respectively.

Key information

Mark Kowlzan

Chief executive officer

US$15.2m

Total compensation

CEO salary percentage	9.4%
CEO tenure	14.3yrs
CEO ownership	0.5%
Management average tenure	10.3yrs
Board average tenure	14.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mark Kowlzan's remuneration changed compared to Packaging Corporation of America's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$768m
Jun 30 2024	n/a	n/a	US$713m
Mar 31 2024	n/a	n/a	US$716m
Dec 31 2023	US$15m	US$1m	US$759m
Sep 30 2023	n/a	n/a	US$781m
Jun 30 2023	n/a	n/a	US$860m
Mar 31 2023	n/a	n/a	US$958m
Dec 31 2022	US$12m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$922m
Dec 31 2021	US$12m	US$1m	US$835m
Sep 30 2021	n/a	n/a	US$742m
Jun 30 2021	n/a	n/a	US$632m
Mar 31 2021	n/a	n/a	US$482m
Dec 31 2020	US$10m	US$1m	US$457m
Sep 30 2020	n/a	n/a	US$470m
Jun 30 2020	n/a	n/a	US$510m
Mar 31 2020	n/a	n/a	US$646m
Dec 31 2019	US$10m	US$1m	US$691m
Sep 30 2019	n/a	n/a	US$759m
Jun 30 2019	n/a	n/a	US$786m
Mar 31 2019	n/a	n/a	US$779m
Dec 31 2018	US$10m	US$1m	US$732m
Sep 30 2018	n/a	n/a	US$796m
Jun 30 2018	n/a	n/a	US$729m
Mar 31 2018	n/a	n/a	US$686m
Dec 31 2017	US$11m	US$1m	US$663m

Compensation vs Market: Mark's total compensation ($USD15.23M) is above average for companies of similar size in the German market ($USD4.78M).

Compensation vs Earnings: Mark's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Mark Kowlzan (68 yo)

14.3yrs

Tenure

US$15,228,190

Compensation

Mr. Mark W. Kowlzan has been the Chief Executive Officer of Packaging Corporation of America since July 2010. Mr. Kowlzan served as Senior Vice President of Containerboard at Packaging Corporation of Ameri...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Kowlzan	Chairman of the Board & CEO	14.3yrs	US$15.23m	0.50% € 105.4m
Robert Mundy	Principal Accounting Officer	9.2yrs	US$4.50m	0.043% € 9.0m
Thomas Hassfurther	Executive Vice President of Corrugated Products	15.2yrs	US$11.02m	0.31% € 66.2m
Charles Carter	Executive Vice President of Mill Operations	11.3yrs	US$3.88m	0.035% € 7.5m
Donald Shirley	Senior VP of Corporate Engineering & Process Technology	5.5yrs	US$3.14m	0.025% € 5.2m
Kent Pflederer	Senior VP	17.4yrs	US$2.06m	0.072% € 15.1m
Prafulla D'Souza	Vice President of Marketing & Communications Corrugated Products	no data	no data	no data
Darla Olivier	Senior VP of Tax	2.8yrs	no data	no data
Joseph Vaughn	Senior VP of Engineering	no data	no data	no data
Barb Sessions	ESG Survey Contact	no data	no data	no data

10.3yrs

Average Tenure

62yo

Average Age

Experienced Management: PKA's management team is seasoned and experienced (10.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Kowlzan	Chairman of the Board & CEO	14.3yrs	US$15.23m	0.50% € 105.4m
Samuel Mencoff	Independent Lead Director	25.8yrs	US$274.94k	0.36% € 76.0m
Paul Stecko	Director	25.7yrs	US$290.53k	0.010% € 2.1m
Thomas Souleles	Independent Director	14.2yrs	US$269.94k	0.011% € 2.4m
Cheryl Beebe	Independent Director	16.5yrs	US$274.94k	0.016% € 3.3m
Karen Gowland	Director	less than a year	no data	0.0010% € 217.3k
Roger Porter	Independent Director	19.5yrs	US$269.94k	0.024% € 5.1m
Robert Lyons	Independent Director	13.3yrs	US$249.94k	0.014% € 2.9m
Donna Harman	Independent Director	4.9yrs	US$269.94k	0.0045% € 941.0k
Duane Farrington	Independent Director	9.3yrs	US$249.94k	0.0068% € 1.4m

14.3yrs

Average Tenure

67yo

Average Age

Experienced Board: PKA's board of directors are seasoned and experienced ( 14.3 years average tenure).

Packaging Corporation of America Management

Management criteria checks 2/4

Key information

Recent management updates

Chairman of the Board & CEO recently sold €15m worth of stock

Insider recently sold €1.1m worth of stock

Packaging Corporation of America, Annual General Meeting, May 08, 2024

Insider recently sold €2.3m worth of stock

Packaging Corporation of America Announces Management Changes, Effective April 1, 2024

Insider recently sold €2.3m worth of stock

Recent updates

Chairman of the Board & CEO recently sold €15m worth of stock

Third quarter 2024 earnings released: EPS: US$2.65 (vs US$2.04 in 3Q 2023)

Packaging Corporation of America to Report Q3, 2024 Results on Oct 22, 2024

Second quarter dividend of US$1.25 announced

Packaging Corporation of America Declares Quarterly Dividend, Payable on October 15, 2024

Insider recently sold €1.1m worth of stock

Second quarter 2024 earnings released: EPS: US$2.22 (vs US$2.25 in 2Q 2023)

Packaging Corporation of America to Report Q2, 2024 Results on Jul 23, 2024

Upcoming dividend of US$1.25 per share

First quarter dividend of US$1.25 announced

Packaging Corporation of America Declares Quarterly Dividend, Payable on July 15, 2024

First quarter 2024 earnings released: EPS: US$1.64 (vs US$2.12 in 1Q 2023)

Packaging Corporation of America, Annual General Meeting, May 08, 2024

Packaging Corporation of America to Report Q1, 2024 Results on Apr 22, 2024

Upcoming dividend of US$1.25 per share

Fourth quarter dividend of US$1.25 announced

Insider recently sold €2.3m worth of stock

Full year 2023 earnings released: EPS: US$8.52 (vs US$11.07 in FY 2022)

Packaging Corporation of America Announces Management Changes, Effective April 1, 2024

Insider recently sold €2.3m worth of stock

Full year 2023 earnings released: EPS: US$8.52 (vs US$11.07 in FY 2022)

Packaging Corporation of America to Report Q4, 2023 Results on Jan 24, 2024

Packaging Corporation of America Declares Quarterly Dividend, Payable on January 15, 2024

Director recently sold €1.4m worth of stock

Packaging Corporation of America Provides Earnings Guidance for the Fourth Quarter of 2023

Third quarter 2023 earnings released: EPS: US$2.04 (vs US$2.81 in 3Q 2022)

Packaging Corporation of America to Report Q3, 2023 Results on Oct 23, 2023

Packaging Corporation of America Declares Quarterly Dividend, Payable on October 13, 2023

Insider recently sold €1.3m worth of stock

Second quarter 2023 earnings released: EPS: US$2.25 (vs US$3.22 in 2Q 2022)

Packaging Corporation of America to Report Q2, 2023 Results on Jul 24, 2023

Upcoming dividend of US$1.25 per share at 3.9% yield

First quarter 2023 earnings released: EPS: US$2.12 (vs US$2.72 in 1Q 2022)

Upcoming dividend of US$1.25 per share at 3.6% yield

Full year 2022 earnings released: EPS: US$11.07 (vs US$8.87 in FY 2021)

Packaging Corporation of America Provides Earnings Guidance for the First Quarter of 2023

Full year 2022 earnings released: EPS: US$11.08 (vs US$8.87 in FY 2021)

Packaging Corporation of America to Report Q4, 2022 Results on Jan 25, 2023

Packaging Corporation of America Declares Quarterly Dividend, Payable on January 13, 2023

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$2.81 (vs US$2.64 in 3Q 2021)

Packaging Corporation of America Approves Quarterly Dividend, Payable on October 17, 2022

Packaging Corporation of America to Report Q3, 2022 Results on Oct 24, 2022

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: US$3.22 (vs US$2.18 in 2Q 2021)

Packaging Corporation of America Provides Consolidated Earnings Guidance for the Third Quarter of 2022

Packaging Corporation of America to Report Q2, 2022 Results on Jul 25, 2022

Executive VP & CFO recently sold €2.1m worth of stock

Upcoming dividend of US$1.25 per share

Independent Director recently bought €72k worth of stock

Packaging Corporation of America Announces Quarterly Cash Dividend, Payable on July 15, 2022

Insider recently sold €1.2m worth of stock

First quarter 2022 earnings released: EPS: US$2.71 (vs US$1.75 in 1Q 2021)

Insufficient new directors

Packaging Corporation of America to Report Q1, 2022 Results on Apr 25, 2022

Upcoming dividend of US$1.00 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

James D. Woodrum Announces Not to Stand for Re-Election to the Board of Packaging Corporation of America

Packaging Corporation of America Declares Quarterly Dividend, Payable on April 15, 2022

Key Executive recently sold €454k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Packaging Corporation of America Provides Earnings Guidance for the First Quarter of 2022

Insufficient new directors

Third quarter 2021 earnings released: EPS US$2.64 (vs US$1.47 in 3Q 2020)

Upcoming dividend of US$1.00 per share

Insider recently sold €1.8m worth of stock

Insider recently sold €309k worth of stock

Second quarter 2021 earnings released: EPS US$2.18 (vs US$0.60 in 2Q 2020)

Upcoming dividend of US$1.00 per share