PKGPackaging Corporation of America
Deals with insiders in the proxy filed 2026-03-27
Deals between PKG and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-03-27.
Reportable Transactions“Robert Pflederer, son of our Executive Vice President, Kent Pflederer, is employed by PCA as a manager. His total compensation, including salary, bonus and grant date value of equity awarded, during 2025 was approximately $133,400.”
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Reportable Transactions“Daniel Ward, son-in-law of our President, Thomas Hassfurther, is employed by PCA as a sales representative. His total compensation, including salary and bonus, during 2025 was approximately $101,000. Mr. Ward’s total compensation during 2026 may exceed $120,000.”
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Reportable Transactions“Madison Dearborn Partners, which employs Mr. Souleles as Vice Chairman and previously as Co-Chief Executive Officer, is a private equity firm that invests in companies that may purchase products or services from, or sell products and services to, us in the ordinary course of business in amounts that are not material in amount or significance. Mr. Souleles is not compensated directly or indirectly as a result of any such transactions, does not otherwise have an interest in such transactions and is not involved in any manner in such transactions. Mr. Mencoff serves as Senior Advisor to Madison Dearborn, which is a non-executive position, after having served as Co-Chief Executive Officer through May 2023.”
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Reportable Transactions“By virtue of his position with various entities that hold interests in certain Madison Dearborn portfolio companies, Mr. Soueles may be deemed to beneficially own more than 10% of those portfolio companies. We sold approximately $646,100 of products in the ordinary course of business to IPL USA Inc., of which Madison Dearborn holds an interest of more than 10%. We are not aware of any other reportable business transactions during 2025 between PCA and any other Madison Dearborn portfolio companies.”
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The whole section
7 paragraphs quoted as filed
Policy“The board has adopted a written policy relating to the nominating and governance committee’s review and approval of transactions with related persons that are required to be disclosed in proxy statements by SEC regulations (“related person transactions”). A “related person” is defined under the applicable SEC regulations and includes our directors, executive officers and 5% or more beneficial owners of our common stock. The Corporate Secretary administers procedures adopted by the board with respect to related person transactions and, unless approval of the transaction is delegated to another committee or required by the full board, the committee reviews and approves all such transactions. At times, it may be advisable to initiate a transaction before the committee has evaluated it, or a transaction may begin before discovery of a related person’s participation. In such instances, management consults with the chairman of the committee to determine the appropriate course of action. Approval of a related person transaction requires the affirmative vote of the majority of disinterested directors on the committee. In approving any related person transaction, the committee must determine that the transaction is fair and reasonable to PCA. The committee periodically reports on its activities to the board. The written policy relating to the committee’s review and approval of related person transactions is available on our website at www.packagingcorp.com under Investors - Corporate Governance.”
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Reportable Transactions“Nathaniel Carter, son of our Executive Vice President, Charles J. Carter, is employed by PCA as a manager. His total compensation, including salary, bonus, and grant date value of equity awarded, during 2025 was approximately $510,200.”
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Reportable Transactions“Stephen Johnson, brother-in-law of our Executive Vice President, D. Ray Shirley, is employed by PCA as a manager. His total compensation, including salary and bonus, during 2025 was approximately $152,800.”
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Reportable Transactions“Robert Pflederer, son of our Executive Vice President, Kent Pflederer, is employed by PCA as a manager. His total compensation, including salary, bonus and grant date value of equity awarded, during 2025 was approximately $133,400.”
Read it in the proxy ↗
Reportable Transactions“Daniel Ward, son-in-law of our President, Thomas Hassfurther, is employed by PCA as a sales representative. His total compensation, including salary and bonus, during 2025 was approximately $101,000. Mr. Ward’s total compensation during 2026 may exceed $120,000.”
Read it in the proxy ↗
Reportable Transactions“Madison Dearborn Partners, which employs Mr. Souleles as Vice Chairman and previously as Co-Chief Executive Officer, is a private equity firm that invests in companies that may purchase products or services from, or sell products and services to, us in the ordinary course of business in amounts that are not material in amount or significance. Mr. Souleles is not compensated directly or indirectly as a result of any such transactions, does not otherwise have an interest in such transactions and is not involved in any manner in such transactions. Mr. Mencoff serves as Senior Advisor to Madison Dearborn, which is a non-executive position, after having served as Co-Chief Executive Officer through May 2023.”
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Reportable Transactions“By virtue of his position with various entities that hold interests in certain Madison Dearborn portfolio companies, Mr. Soueles may be deemed to beneficially own more than 10% of those portfolio companies. We sold approximately $646,100 of products in the ordinary course of business to IPL USA Inc., of which Madison Dearborn holds an interest of more than 10%. We are not aware of any other reportable business transactions during 2025 between PCA and any other Madison Dearborn portfolio companies.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗