Packaging Corporation of America CEO Mark Kowlzan's 2019 pay rises 1% to $10M

Packaging Corporation of America reports 2019 executive compensation

By ExecPay News

Published: March 20, 2020

Packaging Corporation of America reported fiscal year 2019 executive compensation information on March 20, 2020.

In 2019, five executives at Packaging Corporation of America received on average a compensation package of $5.2M, a 2% increase 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 increased by 1% compared to 2018. 53% of Kowlzan's compensation, or $5.5M, was in stock awards. Kowlzan also received $1.6M of change in pension value and nonqualified deferred compensation earnings, $1.9M in non-equity incentive plan, $1.3M in salary, as well as $66K in other compensation.

Thomas A. Hassfurther, Executive Vice President — Corrugated Products, received a compensation package of $8M, which increased by 10% compared to previous year. 47% of the compensation package, or $3.8M, was in stock awards.

Robert P. Mundy, Chief Financial Officer, earned $3.1M in 2019, a 6% decrease compared to previous year.

Charles J. Carter, Senior Vice President — Containerboard Mill Operations, received $2.4M in 2019, which decreases by 9% compared to 2018.

Donald R. Shirley, Senior Vice President, Corporate Engineering and Process Technology, earned $2.3M in 2019.