How Kowlzan was paid
$17M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Mark W. KowlzanChief Executive Officer | $1,539,396 | — | $11,484,123 | $3,100,700 | $790,434 | $77,602 | $16,992,255 |
| Thomas A. HassfurtherPresident | $1,214,959 | — | $7,920,091 | $2,110,925 | $792,287 | $142,058 | $12,180,320 |
| Charles J. CarterExecutive Vice President-Mill Operations | $822,960 | — | $2,847,665 | $1,388,750 | — | $123,907 | $5,183,282 |
| Donald R. ShirleyExecutive Vice President, Corrugated Products | $736,595 | — | $1,875,061 | $1,010,000 | $386,725 | $33,901 | $4,042,283 |
| Kent A. PfledererExecutive Vice President and Chief Financial Officer | $712,132 | — | $1,875,061 | $1,010,000 | — | $107,234 | $3,704,428 |
| Robert P. MundyRetired Executive Vice President and Chief Financial Officer | $822,960 | $460,026 | — | — | — | $122,157 | $1,405,143 |
What changed and why
- 3.9%CEO actual awarded compensation increased approximately 3.9% from 2024 to 2025.
- $11.5MLong-term equity awards for the CEO had a grant date value of $11.5 million.
- 101%Non-equity incentive plan payouts for named executive officers were 101% of target awards.
- 94%The say-on-pay vote received more than 94% of votes in favor last year.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.