Packaging Corp.
Filed with the SEC on · Summarized by InvestorsBot
Packaging Corp. of America director Paul T. Stecko will retire and will not stand for reelection at the 2026 Annual Meeting; he’ll serve until his term expires. Board size will be reduced from 10 to 9 at the Annual Meeting. $PKG 🏛️ #CorporateGovernance #Board
Fabian C. Strauss promoted to Senior VP — Finance, Controller & Treasurer and named PCA’s principal accounting officer effective Mar 1, 2026. Annual base salary $455,000; eligible for annual incentive and long‑term equity awards under PCA plans. $PKG 💼 #Leadership #Finance
PCA approved new FY2026 LTI award forms (TSR & ROIC performance units, RSUs) on Feb 25, 2026. Key changes: vesting on “Retirement” (age 55 + age+service ≥70), modified pro‑rata/settlement on disability, RSU vesting on death/disability. $PKG 📈 #Compensation #Equity
PCA and former EVP/CFO Robert Mundy: retired as Special Advisor effective Mar 1, 2026; subject to confidentiality/non‑compete. 9,928 restricted shares vest as of Retirement Date; 3,900 TSR and 9,928 ROIC performance units will continue to vest per original schedules. $PKG 📝 #Retirement #CFO