Pactiv Evergreen Inc.

NasdaqGS:PTVE Stock Report

Market Cap: US$2.2b

Pactiv Evergreen Management

Management criteria checks 1/4

Pactiv Evergreen's CEO is Mike King, appointed in Mar 2021, has a tenure of 3.17 years. total yearly compensation is $10.68M, comprised of 12% salary and 88% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth $4.49M. The average tenure of the management team and the board of directors is 2 years and 1.9 years respectively.

Key information

Mike King

Chief executive officer

US$10.7m

Total compensation

CEO salary percentage12.0%
CEO tenure3.2yrs
CEO ownership0.2%
Management average tenure2yrs
Board average tenure1.9yrs

Recent management updates

Recent updates

Pactiv Evergreen Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

May 06
Pactiv Evergreen Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Is Pactiv Evergreen (NASDAQ:PTVE) A Risky Investment?

Apr 24
Is Pactiv Evergreen (NASDAQ:PTVE) A Risky Investment?

An Intrinsic Calculation For Pactiv Evergreen Inc. (NASDAQ:PTVE) Suggests It's 38% Undervalued

Mar 29
An Intrinsic Calculation For Pactiv Evergreen Inc. (NASDAQ:PTVE) Suggests It's 38% Undervalued

Pactiv Evergreen: Attractive FCF Yield Profile Once Cost Savings Program Ends

Mar 21

Pactiv Evergreen Inc.'s (NASDAQ:PTVE) Share Price Not Quite Adding Up

Feb 22
Pactiv Evergreen Inc.'s (NASDAQ:PTVE) Share Price Not Quite Adding Up

Pactiv Evergreen: Good Margin Growth Should Drive The Stock Price

Feb 01

Is Pactiv Evergreen Inc. (NASDAQ:PTVE) Potentially Undervalued?

Jan 24
Is Pactiv Evergreen Inc. (NASDAQ:PTVE) Potentially Undervalued?

Pactiv Evergreen Inc. (NASDAQ:PTVE) Shares Could Be 28% Below Their Intrinsic Value Estimate

Dec 02
Pactiv Evergreen Inc. (NASDAQ:PTVE) Shares Could Be 28% Below Their Intrinsic Value Estimate

Pactiv Evergreen (NASDAQ:PTVE) Is Due To Pay A Dividend Of $0.10

Nov 05
Pactiv Evergreen (NASDAQ:PTVE) Is Due To Pay A Dividend Of $0.10

Pactiv Evergreen Inc.'s (NASDAQ:PTVE) 29% Share Price Surge Not Quite Adding Up

Nov 03
Pactiv Evergreen Inc.'s (NASDAQ:PTVE) 29% Share Price Surge Not Quite Adding Up

Should You Think About Buying Pactiv Evergreen Inc. (NASDAQ:PTVE) Now?

Jul 18
Should You Think About Buying Pactiv Evergreen Inc. (NASDAQ:PTVE) Now?

An Intrinsic Calculation For Pactiv Evergreen Inc. (NASDAQ:PTVE) Suggests It's 49% Undervalued

Jun 27
An Intrinsic Calculation For Pactiv Evergreen Inc. (NASDAQ:PTVE) Suggests It's 49% Undervalued

Pactiv Evergreen (NASDAQ:PTVE) Is Paying Out A Dividend Of $0.10

Mar 10
Pactiv Evergreen (NASDAQ:PTVE) Is Paying Out A Dividend Of $0.10

Is Pactiv Evergreen Inc. (NASDAQ:PTVE) Trading At A 44% Discount?

Feb 22
Is Pactiv Evergreen Inc. (NASDAQ:PTVE) Trading At A 44% Discount?

At US$11.62, Is Pactiv Evergreen Inc. (NASDAQ:PTVE) Worth Looking At Closely?

Feb 03
At US$11.62, Is Pactiv Evergreen Inc. (NASDAQ:PTVE) Worth Looking At Closely?

Pactiv Evergreen (NASDAQ:PTVE) Will Pay A Dividend Of $0.10

Nov 25
Pactiv Evergreen (NASDAQ:PTVE) Will Pay A Dividend Of $0.10

Pactiv Evergreen (NASDAQ:PTVE) Has Announced A Dividend Of $0.10

Nov 11
Pactiv Evergreen (NASDAQ:PTVE) Has Announced A Dividend Of $0.10

Pactiv Evergreen: Heavy Debt Load Increases Risks

Oct 20

Is There Now An Opportunity In Pactiv Evergreen Inc. (NASDAQ:PTVE)?

Sep 20
Is There Now An Opportunity In Pactiv Evergreen Inc. (NASDAQ:PTVE)?

Pactiv Evergreen reports Q2 earnings; raises FY22 adjusted EBITDA guidance

Aug 03

Pactiv Evergreen: Latest Divestment Is A Positive Step In The Strategic Turnaround

Jan 28

Is There An Opportunity With Pactiv Evergreen Inc.'s (NASDAQ:PTVE) 28% Undervaluation?

Dec 17
Is There An Opportunity With Pactiv Evergreen Inc.'s (NASDAQ:PTVE) 28% Undervaluation?

We Think Pactiv Evergreen's (NASDAQ:PTVE) Robust Earnings Are Conservative

Nov 11
We Think Pactiv Evergreen's (NASDAQ:PTVE) Robust Earnings Are Conservative

Pactiv Evergreen (NASDAQ:PTVE) Will Be Looking To Turn Around Its Returns

Oct 29
Pactiv Evergreen (NASDAQ:PTVE) Will Be Looking To Turn Around Its Returns

Pactiv Evergreen: Disappointing Guidance Update Adds To The Uncertain Outlook

Oct 01

Is Pactiv Evergreen Inc. (NASDAQ:PTVE) At Risk Of Cutting Its Dividend?

May 08
Is Pactiv Evergreen Inc. (NASDAQ:PTVE) At Risk Of Cutting Its Dividend?

CEO Compensation Analysis

How has Mike King's remuneration changed compared to Pactiv Evergreen's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

-US$86m

Dec 31 2023US$11mUS$1m

-US$228m

Sep 30 2023n/an/a

-US$223m

Jun 30 2023n/an/a

-US$75m

Mar 31 2023n/an/a

US$137m

Dec 31 2022US$11mUS$1m

US$315m

Sep 30 2022n/an/a

US$323m

Jun 30 2022n/an/a

US$150m

Mar 31 2022n/an/a

US$86m

Dec 31 2021US$7mUS$950k

US$31m

Compensation vs Market: Mike's total compensation ($USD10.68M) is above average for companies of similar size in the US market ($USD5.67M).

Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.


CEO

Mike King (43 yo)

3.2yrs

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

NamePositionTenureCompensationOwnership
Michael King
President3.2yrsUS$10.68m0.20%
$ 4.5m
Jonathan Baksht
Chief Financial officer2yrsUS$3.81m0.029%
$ 649.3k
Chandra Mitchell
Chief Legal Officer & Corporate Secretary2.9yrsUS$2.27m0.041%
$ 911.9k
Timothy Levenda
President of Foodservice3.7yrsUS$3.30m0.077%
$ 1.7m
Eric Wulf
President of Food & Beverage Merchandising3.7yrsUS$2.09m0.046%
$ 1.0m
Douglas Owenby
Chief Operations Officer2.7yrsUS$2.15m0%
$ 0
Tommy Darby
Chief Accounting Officerless than a yearno datano data
Mike Betz
Chief Information Officer1.8yrsno datano data
Curt Worthington
Vice President of Strategy & Investor Relations1.3yrsno datano data
Sandy Cobden
Chief Counsel of Litigation & Complianceless than a yearno datano data
Beth Kelly
Senior Director of Communications & Creative Servicesno datano datano data
Danny Phillips
Vice President of Sales & Food Merchandising1.8yrsno datano data

2.0yrs

Average Tenure

48yo

Average Age

Experienced Management: PTVE's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael King
President3.7yrsUS$10.68m0.20%
$ 4.5m
Felicia Thornton
Independent Directorno dataUS$268.35k0.025%
$ 554.2k
Rolf Stangl
Independent Directorno dataUS$266.26k0.035%
$ 797.0k
Allen Hugli
Director4.3yrsno data0.023%
$ 522.7k
LeighAnne Baker
Independent Chairman of the Board1.9yrsUS$400.08k0.032%
$ 728.2k
Linda Massman
Independent Directorless than a yearno datano data
Duncan Hawkesby
Director1.9yrsno data0.094%
$ 2.1m

1.9yrs

Average Tenure

56yo

Average Age

Experienced Board: PTVE's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


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