Packaging Corporation of America CEO Mark Kowlzan's 2018 pay slips 4% to $10M

Packaging Corporation of America reports 2018 executive compensation

By ExecPay News

Published: March 22, 2019

Packaging Corporation of America reported fiscal year 2018 executive compensation information on March 22, 2019.

In 2018, five executives at Packaging Corporation of America received on average a compensation package of $5.1M, a 2% decrease compared to previous year.

Average pay of disclosed executives at Packaging Corporation of America

Mark W. Kowlzan, Chief Executive Officer, received $10M in total, which decreased by 4% compared to 2017. 58% of Kowlzan's compensation, or $6M, was in stock awards. Kowlzan also received $314K of change in pension value and nonqualified deferred compensation earnings, $2.7M in non-equity incentive plan, $1.2M in salary, as well as $64K in other compensation.

For fiscal year 2018, the median employee pay was $76,730 at Packaging Corporation of America. Therefore, the ratio of Mark W. Kowlzan's pay to the median employee pay was 134 to one.

Thomas A. Hassfurther, Executive Vice President Corrugated Products, received a compensation package of $7.3M, which decreased by 10% compared to previous year. 57% of the compensation package, or $4.2M, was in stock awards.

Robert P. Mundy, Chief Financial Officer, earned $3.2M in 2018, a 11% increase compared to previous year.

Charles J. Carter, Senior Vice President Containerboard Mill Operations, received $2.6M in 2018, which increases by 10% compared to 2017.

Kent A. Pflederer, General Counsel, earned $2.1M in 2018, a 12% increase compared to previous year.