Pactiv Evergreen Management
Management criteria checks 1/4
Pactiv Evergreen's CEO is Mike King, appointed in Mar 2021, has a tenure of 3.83 years. total yearly compensation is $10.68M, comprised of 12% salary and 88% bonuses, including company stock and options. directly owns 0.54% of the company’s shares, worth $17.34M. The average tenure of the management team and the board of directors is 2.7 years and 2.6 years respectively.
Key information
Mike King
Chief executive officer
US$10.7m
Total compensation
| CEO salary percentage | 12.0% |
| CEO tenure | 3.8yrs |
| CEO ownership | 0.5% |
| Management average tenure | 2.7yrs |
| Board average tenure | 2.6yrs |
Recent management updates
Recent updates
Pactiv Evergreen Inc.'s (NASDAQ:PTVE) Price Is Right But Growth Is Lacking After Shares Rocket 28%
Dec 04
Pactiv Evergreen (NASDAQ:PTVE) Is Due To Pay A Dividend Of $0.10
Nov 16Pactiv Evergreen: A Complicated Investment Case
Oct 27The Market Doesn't Like What It Sees From Pactiv Evergreen Inc.'s (NASDAQ:PTVE) Revenues Yet
Oct 10Is Pactiv Evergreen (NASDAQ:PTVE) A Risky Investment?
Sep 17Pactiv Evergreen: Attractive Entry Point For Long-Term Investors
Aug 14Is Now The Time To Look At Buying Pactiv Evergreen Inc. (NASDAQ:PTVE)?
Aug 07Are Investors Undervaluing Pactiv Evergreen Inc. (NASDAQ:PTVE) By 46%?
Jul 15Pactiv Evergreen Inc.'s (NASDAQ:PTVE) Popularity With Investors Is Clear
Jun 10Pactiv Evergreen: Heavy Restructuring Set To Drive Margin Growth
Jun 02Pactiv Evergreen Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
May 06Is Pactiv Evergreen (NASDAQ:PTVE) A Risky Investment?
Apr 24An Intrinsic Calculation For Pactiv Evergreen Inc. (NASDAQ:PTVE) Suggests It's 38% Undervalued
Mar 29Pactiv Evergreen: Attractive FCF Yield Profile Once Cost Savings Program Ends
Mar 21Pactiv Evergreen Inc.'s (NASDAQ:PTVE) Share Price Not Quite Adding Up
Feb 22Pactiv Evergreen: Good Margin Growth Should Drive The Stock Price
Feb 01Is Pactiv Evergreen Inc. (NASDAQ:PTVE) Potentially Undervalued?
Jan 24Pactiv Evergreen Inc. (NASDAQ:PTVE) Shares Could Be 28% Below Their Intrinsic Value Estimate
Dec 02Pactiv Evergreen (NASDAQ:PTVE) Is Due To Pay A Dividend Of $0.10
Nov 05Pactiv Evergreen Inc.'s (NASDAQ:PTVE) 29% Share Price Surge Not Quite Adding Up
Nov 03Should You Think About Buying Pactiv Evergreen Inc. (NASDAQ:PTVE) Now?
Jul 18An Intrinsic Calculation For Pactiv Evergreen Inc. (NASDAQ:PTVE) Suggests It's 49% Undervalued
Jun 27Pactiv Evergreen (NASDAQ:PTVE) Is Paying Out A Dividend Of $0.10
Mar 10Is Pactiv Evergreen Inc. (NASDAQ:PTVE) Trading At A 44% Discount?
Feb 22At US$11.62, Is Pactiv Evergreen Inc. (NASDAQ:PTVE) Worth Looking At Closely?
Feb 03Pactiv Evergreen (NASDAQ:PTVE) Will Pay A Dividend Of $0.10
Nov 25Pactiv Evergreen (NASDAQ:PTVE) Has Announced A Dividend Of $0.10
Nov 11Pactiv Evergreen: Heavy Debt Load Increases Risks
Oct 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$167m |
| Jun 30 2024 | n/a | n/a | US$73m |
| Mar 31 2024 | n/a | n/a | -US$86m |
| Dec 31 2023 | US$11m | US$1m | -US$228m |
| Sep 30 2023 | n/a | n/a | -US$223m |
| Jun 30 2023 | n/a | n/a | -US$75m |
| Mar 31 2023 | n/a | n/a | US$137m |
| Dec 31 2022 | US$11m | US$1m | US$315m |
| Sep 30 2022 | n/a | n/a | US$323m |
| Jun 30 2022 | n/a | n/a | US$150m |
| Mar 31 2022 | n/a | n/a | US$86m |
| Dec 31 2021 | US$7m | US$950k | US$31m |
Compensation vs Market: Mike's total compensation ($USD10.68M) is above average for companies of similar size in the US market ($USD6.66M).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
CEO
Mike King (44 yo)
3.8yrs
Tenure
US$10,681,537
Compensation
Mr. Michael Jack King, also known as Mike, serves as Director at Pactiv Evergreen Inc. since September 2020 and also serves as its Chief Executive Officer and President since March 5, 2021. He had been Pre...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.8yrs | US$10.68m | 0.54% $ 17.3m | |
| Chief Financial officer | 2.7yrs | US$3.81m | 0.13% $ 4.3m | |
| Chief Legal Officer & Corporate Secretary | 3.6yrs | US$2.27m | 0.090% $ 2.9m | |
| President of Foodservice | 4.3yrs | US$3.30m | 0.17% $ 5.3m | |
| President of Food & Beverage Merchandising | 4.3yrs | US$2.09m | 0.088% $ 2.8m | |
| Chief Operations Officer | 3.3yrs | US$2.15m | 0.086% $ 2.8m | |
| Chief Accounting Officer | 1.2yrs | no data | no data | |
| Chief Information Officer | 2.5yrs | no data | no data | |
| Vice President of Strategy & Investor Relations | 2yrs | no data | no data | |
| Chief Counsel of Litigation & Compliance | less than a year | no data | no data | |
| Senior Director of Communications & Creative Services | no data | no data | no data | |
| Vice President of Sales & Food Merchandising | 2.5yrs | no data | no data |
2.7yrs
Average Tenure
48.5yo
Average Age
Experienced Management: PTVE's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.3yrs | US$10.68m | 0.54% $ 17.3m | |
| Independent Director | no data | US$268.35k | 0.034% $ 1.1m | |
| Independent Director | no data | US$266.26k | 0.045% $ 1.4m | |
| Director | 5yrs | no data | 0.023% $ 742.1k | |
| Independent Chairman of the Board | 2.6yrs | US$400.08k | 0.047% $ 1.5m | |
| Independent Director | less than a year | no data | 0.000010% $ 319.5 | |
| Director | 2.6yrs | no data | 0.094% $ 3.0m |
2.6yrs
Average Tenure
57yo
Average Age
Experienced Board: PTVE's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/29 00:50 |
| End of Day Share Price | 2025/01/29 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Pactiv Evergreen Inc. is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ghansham Panjabi | Baird |
| Mark Wilde | BMO Capital Markets Equity Research |
| George Staphos | BofA Global Research |