Packaging Corporation of America CEO Mark Kowlzan's 2020 pay rises 1% to $10M

Packaging Corporation of America reports 2020 executive compensation

By ExecPay News

Published: March 19, 2021

Packaging Corporation of America reported fiscal year 2020 executive compensation information on March 19, 2021.

In 2020, five executives at Packaging Corporation of America received on average a compensation package of $5.3M, 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 2019. 53% of Kowlzan's compensation, or $5.6M, was in stock awards. Kowlzan also received $1.2M of change in pension value and nonqualified deferred compensation earnings, $2.3M in non-equity incentive plan, $1.3M in salary, as well as $68K in other compensation.

For fiscal year 2020, the median employee pay was $72,774 at Packaging Corporation of America. Therefore, the ratio of Mark W. Kowlzan's pay to the median employee pay was 144 to one.

Thomas A. Hassfurther, Executive Vice President Corrugated Products, received a compensation package of $7.8M, which decreased by 3% compared to previous year. 49% of the compensation package, or $3.9M, was in stock awards.

Robert P. Mundy, Chief Financial Officer, earned $3.3M in 2020, a 8% increase compared to previous year.

Charles J. Carter, Senior Vice President Containerboard Mill Operations, received $2.5M in 2020, which increases by 6% compared to 2019.

Donald R. Shirley, Senior Vice President, Corporate Engineering and Process Technology, earned $2.5M in 2020, a 10% increase compared to previous year.