Executive Compensation

Compensation reported for Packaging Corp Of America’s named executive officers, including salary, stock awards, incentive compensation, other compensation, and total compensation.

Named executive officer compensation
Executive	Position	Salary	Stock Awards	Incentives	Option Awards	Other	Reported total
Mark W. Kowlzan	Chief Executive Officer	$1,539,396	$11,484,123	$3,100,700	$0	$868,036	$16,992,255
Thomas A. Hassfurther	President	$1,214,959	$7,920,091	$2,110,925	$0	$934,345	$12,180,320
Charles J. Carter	Executive Vice President- Mill Operations	$822,960	$2,847,665	$1,388,750	$0	$123,907	$5,183,282
Donald R. Shirley	Executive Vice President, Corrugated Products	$736,595	$1,875,061	$1,010,000	$0	$420,626	$4,042,283
Kent A. Pflederer	Executive Vice President And Chief Financial Officer	$712,132	$1,875,061	$1,010,000	$0	$107,234	$3,704,428
Robert P. Mundy Retired	Executive Vice President And Chief Financial Officer	$822,960	$0	$460,026	$0	$122,157	$1,405,143

Mark W. Kowlzan
Chief Executive Officer
$17M
Reported total
Salary
$1,539,396
Stock awards
$11,484,123
Incentives
$3,100,700
Option awards
$0
Other
$868,036
Thomas A. Hassfurther
President
$12.2M
Reported total
Salary
$1,214,959
Stock awards
$7,920,091
Incentives
$2,110,925
Option awards
$0
Other
$934,345
Charles J. Carter
Executive Vice President- Mill Operations
$5.2M
Reported total
Salary
$822,960
Stock awards
$2,847,665
Incentives
$1,388,750
Option awards
$0
Other
$123,907
Donald R. Shirley
Executive Vice President, Corrugated Products
$4M
Reported total
Salary
$736,595
Stock awards
$1,875,061
Incentives
$1,010,000
Option awards
$0
Other
$420,626
Kent A. Pflederer
Executive Vice President And Chief Financial Officer
$3.7M
Reported total
Salary
$712,132
Stock awards
$1,875,061
Incentives
$1,010,000
Option awards
$0
Other
$107,234
Robert P. Mundy Retired
Executive Vice President And Chief Financial Officer
$1.4M
Reported total
Salary
$822,960
Stock awards
$0
Incentives
$460,026
Option awards
$0
Other
$122,157

Mark W. Kowlzan

Chief Executive Officer

$17M

Reported total · FY2025 · SCT Total as filed

Source: DEF 14A Summary Compensation Table, filed March 27, 2026.

Salary: $1.5M
Stock Awards: $11.5M
Incentives: $3.1M
Other: $868K

Historical Compensation

Mark W. Kowlzan total compensation, fiscal years 2023–2025.

Year-by-year total compensation
Fiscal Year	Salary	Stock Awards	Total Compensation
2025	$1,539,396	$11,484,123	$16,992,255
2024	$1,487,340	$10,633,352	$15,672,470
2023	$1,433,580	$9,604,906	$15,228,190