Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-28

Packaging Corp of America (PKG)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$16,992,255
Mark Kowlzan total, FY2025
87th
CEO pay percentile vs peers
189.1:1
CEO-to-median pay ratio
97.07%
Say-on-pay support, latest vote
Companies that benchmark against PKG
13 companies name PKG as a compensation peer

Each company listed discloses PKG in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named PKG in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Mark Kowlzan$1,539,396$0$11,484,123$0$3,100,700$790,434$77,602$16,992,255
Chief Executive Officer
Thomas Hassfurther1,214,95907,920,09102,110,925792,287142,05812,180,320
President
Charles Carter822,96002,847,66501,388,7500123,9075,183,282
Executive Vice President Mill Operations
Donald Shirley736,59501,875,06101,010,000386,72533,9014,042,283
Executive Vice President, Corrugated Products
Kent Pflederer712,13201,875,06101,010,0000107,2343,704,428
Executive Vice President and Chief Financial Officer
Robert Mundy822,960000460,0260122,1571,405,143
Retired Executive Vice President and Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Mark Kowlzan$16,992,255$15,672,470+1,319,785
Thomas Hassfurther12,180,32010,960,120+1,220,200
Charles Carter5,183,2824,152,463+1,030,819
Donald Shirley4,042,2833,091,240+951,043
Kent Pflederer3,704,428
Robert Mundy1,405,1434,811,854−3,406,711

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Donald ShirleyExec. VP2026-03-27D2,650$212$562,463CommonForm 4 ↗
Mark W. KowlzanDirector2026-03-27A43,01000CommonForm 4 ↗
Mark W. KowlzanDirector2026-03-27D20,5132124,353,884CommonForm 4 ↗
Charles CarterEVP-Mill Ops.2026-03-27A8,28200CommonForm 4 ↗
Charles CarterEVP-Mill Ops.2026-03-27D3,509212744,785CommonForm 4 ↗
Kent PfledererEVP & CFO2026-03-27A5,59600CommonForm 4 ↗
Kent PfledererEVP & CFO2026-03-27A42800CommonForm 4 ↗
Kent PfledererEVP & CFO2026-03-27D2,670212566,708CommonForm 4 ↗
Thomas HassfurtherPresident2026-03-27A2,27900CommonForm 4 ↗
Donald ShirleyExec. VP2026-03-27A6,25400CommonForm 4 ↗
Mark W. KowlzanDirector2026-03-27A3,29200CommonForm 4 ↗
Charles CarterEVP-Mill Ops.2026-03-27A63400CommonForm 4 ↗
Donald ShirleyExec. VP2026-03-27A47800CommonForm 4 ↗
Darla J. OlivierSVP2026-03-27A17300CommonForm 4 ↗
Darla J. OlivierSVP2026-03-27A2,26000CommonForm 4 ↗
Darla J. OlivierSVP2026-03-27D1,055212223,924CommonForm 4 ↗
Thomas HassfurtherPresident2026-03-27A29,77800CommonForm 4 ↗
Thomas HassfurtherPresident2026-03-27D12,6152122,677,534CommonForm 4 ↗
Donna A. HarmanDirector2026-05-12A59100CommonForm 4 ↗
Duane C. FarringtonDirector2026-05-12A59100CommonForm 4 ↗
Cheryl K. BeebeDirector2026-05-12A59100CommonForm 4 ↗
Samuel M. MencoffDirector2026-05-12A59100CommonForm 4 ↗
Karen E. GowlandDirector2026-05-12A59100CommonForm 4 ↗
Roger B. PorterDirector2026-05-12A59100CommonForm 4 ↗
Thomas S. SoulelesDirector2026-05-12A59100CommonForm 4 ↗
Robert C. LyonsDirector2026-05-12A59100CommonForm 4 ↗
Mark W. KowlzanDirector2026-05-27D9,2662172,011,426Common, open-market saleForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Thomas HassfurtherPSU2025-02-264,96412,40914,891$2,640,015
Mark KowlzanRSA2025-02-2617,9933,828,011
Mark KowlzanPSU2025-02-267,19717,99321,5923,828,011
Charles CarterPSU2025-02-261,7854,4625,354949,291
Charles CarterRSA2025-02-264,462949,291
Donald ShirleyRSA2025-02-262,938625,060
Thomas HassfurtherRSA2025-02-2612,4092,640,015
Donald ShirleyPSU2025-02-261,1752,9383,526625,060
Kent PfledererPSU2025-02-261,1752,9383,526625,060
Kent PfledererRSA2025-02-262,938625,060
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Thomas Hassfurther$0$2,640,015$0100.0%
Mark Kowlzan03,828,0110100.0%
Charles Carter0949,2910100.0%
Donald Shirley0625,0600100.0%
Kent Pflederer0625,0600100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Mark KowlzanPSU133,194$27,468,598
Mark KowlzanRSU78,49316,187,611
Kent PfledererPSU19,1843,956,316
Kent PfledererRSU11,5542,382,781
Thomas HassfurtherRSU54,19811,177,254
Thomas HassfurtherRSU46,8179,167,534
Robert MundyRSU15,0343,100,462
Donald ShirleyRSU12,2592,390,218
Mark KowlzanRSU67,77513,269,911
Donald ShirleyPSU20,7884,287,109
Thomas HassfurtherPSU91,98118,969,241
Donald ShirleyRSU12,5662,591,486
Robert MundyPSU23,8164,911,574
Robert MundyRSU19,1193,727,131
Charles CarterRSU15,9933,115,528
Charles CarterRSU17,2163,550,456
Kent PfledererRSU10,9372,132,120
Charles CarterPSU28,6095,900,034
05

Incentive-plan design — the Compensation Discussion & Analysis

reinforce a results-oriented management culture with total executive compensation that varies according to performance; focus executive officers on both annual and long-term business objectives with the goal of creating stockholder value; align the interests of our executives and stockholders through equity-based compensation awards with rigorous performance metrics, comprising a significant portion of our executive compensation; and provide executive compensation packages that attract, retain and motivate individuals of the highest qualifications, experience and ability.

CEO STI target (% of salary)199%
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1276,265,2062,299,0221,021,67597.07%Passed
20252025-05-0769,405,0534,174,4071,259,27294.33%Passed
20242024-05-0871,793,2324,930,720121,01893.57%Passed
20232023-05-0272,343,4473,968,815130,87894.8%Passed
20222022-05-1774,716,3865,332,2001,171,25893.34%Passed
20212021-05-0478,186,4323,163,960176,76696.11%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1297.07%a
20252025-05-0794.33%b
20242024-05-0893.57%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)189.1 : 1
CEO total compensation$16,992,255
Median employee compensation$89,867
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Karen E. GowlandIndependent · Nominating/Governance · Compensation$165,000$109,980$0$0$0$347,901
Paul T. SteckoNot independent · Not standing for re-election165,000109,980000315,847
Samuel M. MencoffIndependent · Lead Independent Director · Nominating/Governance · Compensation190,000109,980000299,980
Cheryl K. BeebeIndependent · Audit (Chair)190,000109,980000299,980
Roger B. PorterIndependent · Nominating/Governance (Chair) · Compensation · Sustainability185,000109,980000294,980
Donna A. HarmanIndependent · Audit · Sustainability (Chair)185,000109,980000294,980
Thomas S. SoulelesIndependent · Nominating/Governance · Compensation (Chair)185,000109,980000294,980
Robert C. LyonsIndependent · Audit165,000109,980000274,980
Duane C. FarringtonIndependent · Audit · Sustainability165,000109,980000274,980
Mark W. KowlzanEmployee director · Board Chair · Sustainability00000
09

Board fee structure and ownership guideline

Annual cash retainer$165,000
Annual equity retainer$110,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 20,000
Stock ownership guideline$450,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,595,000
Equity awards (grant-date value)$989,820
All other compensation$0
Total cost of the board$2,584,820

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Packaging Corp of America names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Packaging Corp of America.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Eastman Chemical Co2025Mark Costa$1,406,958$12,682,200$3,278,151$987,000$19,498,966
2Crown Holdings Inc2025Timothy Donahue1,450,0008,627,4754,205,00017,501,363
3Packaging Corp of America2025Mark Kowlzan1,539,39611,484,12303,100,70016,992,255
4Smurfit WestRock plc2025Anthony Smurfit1,565,19411,653,64502,998,20816,429,689
5The Sherwin Williams Corporation2025Heidi Petz1,373,0776,456,2074,253,8592,390,00014,914,317
6PPG Industries Inc.2025Timothy Knavish1,300,0007,333,5423,666,6901,924,00014,885,022
7International Paper Company2025Andrew Silvernail1,000,00012,174,81801,318,50014,838,324
8Weyerhaeuser Company2025Devin Stockfish1,300,00010,155,81002,102,00013,983,685
9Ingredion Incorporated2025James Zallie1,290,9296,509,2371,999,9642,185,98012,932,234
10Sealed Air Corporation2024Patrick Kivits550,0008,644,0120012,820,613
11Aptargroup Inc.2025Stephan Tanda1,175,0006,096,6701,681,509518,43310,226,911
12Sonoco Products Company2025R. Howard Coker1,248,1566,872,02201,512,72810,142,078
13Celanese Corporation2025Scott Richardson5,249,9582,249,9901,342,62510,137,072
14Avery Dennison Corporation2025Deon Stander1,136,5387,649,4300605,4759,538,375
15Greif, Inc2025Ole Rosgaard1,042,3086,121,85001,964,2119,439,962
16Ashland Global Holdings2025Guillermo Novo1,152,3325,233,86301,313,8307,907,423
Ball Corporationnot in coverage universe
Graphic Packaging Holding Companynot in coverage universe
OI Glass, Incnot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Packaging Corp of America101%PSU 66 · RSU 33Yes — TSRFW Cook
Aptargroup Inc.67.9%PSU 50 · RSU 25 · Options 25NoPay Governance
Ashland Global Holdings90.4%not disclosedYes — Relative Total Shareholder Return (rTSR)Meridian Compensation Partners
Avery Dennison Corporation39%PSU 100Yes — Relative TSRWillis Towers Watson (WTW) and Semler Brossy
Ball Corporationnot disclosednot disclosednot disclosednot disclosed
Celanese Corporation93.4%PSU 70 · Options 30NoWillis Towers Watson PLC
Crown Holdings Inc200%PSU 67 · RSU 33NoNot determinable from source text
Eastman Chemical Co47%PSA 60 · Option 20 · RSU 20Yes — Relative total shareholder return (rTSR)Aon plc
Graphic Packaging Holding Companynot disclosednot disclosednot disclosednot disclosed
Greif, Incnot disclosedPSU 70 · RSU 30not disclosedWillis Towers Watson
Ingredion Incorporated112.5%PSU 50 · RSU 25 · Options 25Yes — Relative Total Shareholder Return (rTSR)Meridian Compensation Partners, LLC
International Paper Company87.9%PSU 100Yes — Relative TSRFrederic W. Cook
OI Glass, Incnot disclosednot disclosednot disclosednot disclosed
PPG Industries Inc.93%MSU 34 · Options 33 · PSU 33NoFW Cook
Sealed Air Corporation122.1%PSU 50 · RSU 50NoPearl Meyer
Smurfit WestRock plc109.5%PSU 75 · RSU 25Yes — Relative total shareholder return (rTSR)Semler Brossy
Sonoco Products Company97.0%PSU 60 · RSU 40NoFW Cook
The Sherwin Williams Corporation110.86%PSU 60 · Options 40NoMercer (US) LLC
Weyerhaeuser Companynot disclosednot disclosednot disclosedFW Cook

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Mark KowlzanDEF 14A2026-03-270001193125-26-127602Section “Summary Compensation Table”. As printed: 16,992,255. Filing ↗machine: span 363586–363596
2Section 01, Thomas HassfurtherDEF 14A2026-03-270001193125-26-127602Section “Summary Compensation Table”. As printed: 12,180,320. Filing ↗machine: span 370400–370410
3Section 01, Charles CarterDEF 14A2026-03-270001193125-26-127602Section “Summary Compensation Table”. As printed: 5,183,282. Filing ↗machine: span 377361–377370
4Section 01, Donald ShirleyDEF 14A2026-03-270001193125-26-127602Section “Summary Compensation Table”. As printed: 4,042,283. Filing ↗machine: span 384293–384302
5Section 01, Kent PfledererDEF 14A2026-03-270001193125-26-127602Section “Summary Compensation Table”. As printed: 3,704,428. Filing ↗machine: span 388481–388490
6Section 01, Robert MundyDEF 14A2026-03-270001193125-26-127602Section “Summary Compensation Table”. As printed: 1,405,143. Filing ↗machine: t63 · r12 · c34 · span 395081–395090
7Section 03, Thomas Hassfurther PSUDEF 14A2026-03-270001193125-26-127602Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r10 · c49 · span 448846–448855
8Section 03, Mark Kowlzan RSADEF 14A2026-03-270001193125-26-127602Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r4 · c49 · span 435494–435503
9Section 03, Mark Kowlzan PSUDEF 14A2026-03-270001193125-26-127602Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r4 · c49 · span 435494–435503
10Section 03, Charles Carter PSUDEF 14A2026-03-270001193125-26-127602Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r16 · c49 · span 462168–462175
11Section 03, Charles Carter RSADEF 14A2026-03-270001193125-26-127602Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r16 · c49 · span 462168–462175
12Section 03, Donald Shirley RSADEF 14A2026-03-270001193125-26-127602Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r22 · c49 · span 475503–475510
13Section 03, Thomas Hassfurther RSADEF 14A2026-03-270001193125-26-127602Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r10 · c49 · span 448846–448855
14Section 03, Donald Shirley PSUDEF 14A2026-03-270001193125-26-127602Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r22 · c49 · span 475503–475510
15Section 03, Kent Pflederer PSUDEF 14A2026-03-270001193125-26-127602Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r28 · c49 · span 488813–488820
16Section 03, Kent Pflederer RSADEF 14A2026-03-270001193125-26-127602Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r28 · c49 · span 488813–488820
17Section 07, pay ratioDEF 14A2026-03-270001193125-26-127602Section “CEO Pay Ratio”. As printed: 189.1 : 1. Filing ↗
18Section 08, Karen E. GowlandDEF 14A2026-03-270001193125-26-127602Section “Director Compensation”. As printed: 347,901. Filing ↗machine: t104 · r4 · c19 · span 727569–727576
19Section 08, Paul T. SteckoDEF 14A2026-03-270001193125-26-127602Section “Director Compensation”. As printed: 315,847. Filing ↗machine: t104 · r9 · c19 · span 735025–735032
20Section 08, Samuel M. MencoffDEF 14A2026-03-270001193125-26-127602Section “Director Compensation”. As printed: 299,980. Filing ↗machine: t104 · r7 · c19 · span 732036–732043
21Section 08, Cheryl K. BeebeDEF 14A2026-03-270001193125-26-127602Section “Director Compensation”. As printed: 299,980. Filing ↗machine: t104 · r2 · c19 · span 724574–724581
22Section 08, Roger B. PorterDEF 14A2026-03-270001193125-26-127602Section “Director Compensation”. As printed: 294,980. Filing ↗machine: t104 · r8 · c19 · span 733541–733548
23Section 08, Donna A. HarmanDEF 14A2026-03-270001193125-26-127602Section “Director Compensation”. As printed: 294,980. Filing ↗machine: t104 · r5 · c19 · span 729049–729056
24Section 08, Thomas S. SoulelesDEF 14A2026-03-270001193125-26-127602Section “Director Compensation”. As printed: 294,980. Filing ↗machine: t104 · r10 · c19 · span 736533–736540
25Section 08, Robert C. LyonsDEF 14A2026-03-270001193125-26-127602Section “Director Compensation”. As printed: 274,980. Filing ↗machine: t104 · r6 · c19 · span 730554–730561
26Section 08, Duane C. FarringtonDEF 14A2026-03-270001193125-26-127602Section “Director Compensation”. As printed: 274,980. Filing ↗machine: t104 · r3 · c19 · span 726058–726065
27Section 08, Mark W. KowlzanDEF 14A2026-03-270001193125-26-127602Section “Director Compensation”. As printed: 0. Filing ↗
28Section 02, Donald Shirley 2026-03-27Form 42026-03-310001193125-26-133735Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Mark W. Kowlzan 2026-03-27Form 42026-03-310001193125-26-134013Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Mark W. Kowlzan 2026-03-27Form 42026-03-310001193125-26-134013Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Charles Carter 2026-03-27Form 42026-03-310001193125-26-133646Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Charles Carter 2026-03-27Form 42026-03-310001193125-26-133646Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Kent Pflederer 2026-03-27Form 42026-03-310001193125-26-133589Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Kent Pflederer 2026-03-27Form 42026-03-310001193125-26-133589Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Kent Pflederer 2026-03-27Form 42026-03-310001193125-26-133589Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Thomas Hassfurther 2026-03-27Form 42026-03-310001193125-26-134309Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Donald Shirley 2026-03-27Form 42026-03-310001193125-26-133735Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Mark W. Kowlzan 2026-03-27Form 42026-03-310001193125-26-134013Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Charles Carter 2026-03-27Form 42026-03-310001193125-26-133646Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Donald Shirley 2026-03-27Form 42026-03-310001193125-26-133735Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Darla J. Olivier 2026-03-27Form 42026-03-310001193125-26-134532Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Darla J. Olivier 2026-03-27Form 42026-03-310001193125-26-134532Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Darla J. Olivier 2026-03-27Form 42026-03-310001193125-26-134532Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Thomas Hassfurther 2026-03-27Form 42026-03-310001193125-26-134309Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Thomas Hassfurther 2026-03-27Form 42026-03-310001193125-26-134309Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Donna A. Harman 2026-05-12Form 42026-05-120001193125-26-220052Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Duane C. Farrington 2026-05-12Form 42026-05-120001193125-26-220008Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Cheryl K. Beebe 2026-05-12Form 42026-05-120001193125-26-219977Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Samuel M. Mencoff 2026-05-12Form 42026-05-130001193125-26-221422Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Karen E. Gowland 2026-05-12Form 42026-05-120001193125-26-220020Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Roger B. Porter 2026-05-12Form 42026-05-120001193125-26-219960Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Thomas S. Souleles 2026-05-12Form 42026-05-120001193125-26-220093Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Robert C. Lyons 2026-05-12Form 42026-05-120001193125-26-220079Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Mark W. Kowlzan 2026-05-27Form 42026-05-280001193125-26-245605Insider equity transaction reported since the proxy statement. Filing ↗
55Section 06, 2026 voteForm 8-K2026-05-130001193125-26-221672Item 5.07 · say-on-pay result. As reported: 97.07% (votes for as printed: 76,265,206). Filing ↗
56Section 06, 2025 voteForm 8-K2025-05-120001193125-25-117763Item 5.07 · say-on-pay result. As reported: 94.33% (votes for as printed: 69,405,053). Filing ↗
57Section 06, 2024 voteForm 8-K2024-05-090001193125-24-134991Item 5.07 · say-on-pay result. As reported: 93.57% (votes for as printed: 71,793,232). Filing ↗
58Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
59Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
60Section 09b board cost (computed)ComputedcomputedCash 1,595,000 + equity 989,820 + all other 0 = 2,584,820, summed across the director compensation table rows.machine: formula: Σ = 2,584,820
61Eastman Chemical Co, Section 10b CEO totalDEF 14A2026-03-240000915389-26-000074CEO total compensation as printed in Eastman Chemical Co's own proxy. As printed: 19,498,966. Filing ↗machine: r2 · c27 · span 1263333–1263343
62Crown Holdings Inc, Section 10b CEO totalDEF 14A2026-03-230002039852-26-000055CEO total compensation as printed in Crown Holdings Inc's own proxy. As printed: 17,501,363. Filing ↗
63Packaging Corp of America (subject), Section 10b CEO totalDEF 14A2026-03-270001193125-26-127602CEO total compensation as printed in Packaging Corp of America's own proxy. As printed: 16,992,255. Filing ↗machine: span 363586–363596
64Smurfit WestRock plc, Section 10b CEO totalDEF 14A2026-03-110001104659-26-026094CEO total compensation as printed in Smurfit WestRock plc's own proxy. As printed: 16,429,689. Filing ↗machine: t228 · r5 · c14 · span 1570711–1570721
65The Sherwin Williams Corporation, Section 10b CEO totalDEF 14A2026-03-110000089800-26-000025CEO total compensation as printed in The Sherwin Williams Corporation's own proxy. As printed: 14,914,317. Filing ↗machine: r2 · c8 · span 1976552–1976562
66PPG Industries Inc., Section 10b CEO totalDEF 14A2026-03-050000079879-26-000088CEO total compensation as printed in PPG Industries Inc.'s own proxy. As printed: 14,885,022. Filing ↗machine: span 1300546–1300556
67International Paper Company, Section 10b CEO totalDEF 14A2026-03-270001628280-26-021729CEO total compensation as printed in International Paper Company's own proxy. As printed: 14,838,324. Filing ↗machine: r2 · c9 · span 2931849–2931859
68Weyerhaeuser Company, Section 10b CEO totalDEF 14A2026-04-010001140361-26-012453CEO total compensation as printed in Weyerhaeuser Company's own proxy. As printed: 13,983,685. Filing ↗
69Ingredion Incorporated, Section 10b CEO totalDEF 14A2026-04-080001046257-26-000151CEO total compensation as printed in Ingredion Incorporated's own proxy. As printed: 12,932,234. Filing ↗machine: r2 · c17 · span 1721497–1721507
70Sealed Air Corporation, Section 10b CEO totalDEF 14A2025-04-170001140361-25-014374CEO total compensation as printed in Sealed Air Corporation's own proxy. As printed: 12,820,613. Filing ↗machine: t225 · r2 · c22 · span 800254–800264
71Aptargroup Inc., Section 10b CEO totalDEF 14A2026-03-270001104659-26-035722CEO total compensation as printed in Aptargroup Inc.'s own proxy. As printed: 10,226,911. Filing ↗machine: t187 · r9 · c18 · span 1230224–1230234
72Sonoco Products Company, Section 10b CEO totalDEF 14A2026-03-130001104659-26-027659CEO total compensation as printed in Sonoco Products Company's own proxy. As printed: 10,142,078. Filing ↗machine: t76 · r2 · c48 · span 1281982–1281992
73Celanese Corporation, Section 10b CEO totalDEF 14A2026-03-040001306830-26-000052CEO total compensation as printed in Celanese Corporation's own proxy. As printed: 10,137,072. Filing ↗
74Avery Dennison Corporation, Section 10b CEO totalDEF 14A2026-03-120001193125-26-102965CEO total compensation as printed in Avery Dennison Corporation's own proxy. As printed: 9,538,375. Filing ↗machine: span 1488950–1488959
75Greif, Inc, Section 10b CEO totalDEF 14A2026-01-090001628280-26-001556CEO total compensation as printed in Greif, Inc's own proxy. As printed: 9,439,962. Filing ↗machine: r2 · c27 · span 635921–635930
76Ashland Global Holdings, Section 10b CEO totalDEF 14A2025-12-090001193125-25-312753CEO total compensation as printed in Ashland Global Holdings's own proxy. As printed: 7,907,423. Filing ↗machine: t125 · r3 · c21 · span 2021429–2021438
77Section 10a, Smurfit WestRock plc reciprocityDEF 14A0001104659-26-026094Smurfit WestRock plc names Packaging Corp of America in its own disclosed peer group (read from its most recent proxy). Filing ↗
78Section 10a, PPG Industries Inc. reciprocityDEF 14A0000079879-26-000088PPG Industries Inc.'s most recent proxy was read; its disclosed peer group does not include Packaging Corp of America. Filing ↗
79Section 10a, Aptargroup Inc. reciprocityDEF 14A0001104659-26-035722Aptargroup Inc.'s most recent proxy was read; its disclosed peer group does not include Packaging Corp of America. Filing ↗
80Section 10a, The Sherwin Williams Corporation reciprocityDEF 14A0000089800-26-000025The Sherwin Williams Corporation's most recent proxy was read; its disclosed peer group does not include Packaging Corp of America. Filing ↗
81Section 10a, Celanese Corporation reciprocityDEF 14A0001306830-26-000052Celanese Corporation's most recent proxy was read; its disclosed peer group does not include Packaging Corp of America. Filing ↗
82Section 10a, Sealed Air Corporation reciprocityDEF 14A0001140361-25-014374Sealed Air Corporation names Packaging Corp of America in its own disclosed peer group (read from its most recent proxy). Filing ↗
83Section 10a, Weyerhaeuser Company reciprocityDEF 14A0001140361-26-012453Weyerhaeuser Company names Packaging Corp of America in its own disclosed peer group (read from its most recent proxy). Filing ↗
84Section 10a, Avery Dennison Corporation reciprocityDEF 14A0001193125-26-102965Avery Dennison Corporation names Packaging Corp of America in its own disclosed peer group (read from its most recent proxy). Filing ↗
85Section 10a, International Paper Company reciprocityDEF 14A0001628280-26-021729International Paper Company names Packaging Corp of America in its own disclosed peer group (read from its most recent proxy). Filing ↗
86Section 10a, Eastman Chemical Co reciprocityDEF 14A0000915389-26-000074Eastman Chemical Co's most recent proxy was read; its disclosed peer group does not include Packaging Corp of America. Filing ↗
87Section 10a, Sonoco Products Company reciprocityDEF 14A0001104659-26-027659Sonoco Products Company names Packaging Corp of America in its own disclosed peer group (read from its most recent proxy). Filing ↗