Paul T. Stecko is a seasoned leader in the packaging industry with a Bachelor's degree in Business Administration from the University of Illinois. He served as the CEO of Packaging Corporation of America (PCA) from 2009 to 2010 and then continued as Executive Chairman until his retirement in 2013. Under his leadership, PCA made significant advances, including a successful acquisition of Boise, Inc. In 2013, the company recognized his contributions by awarding him restricted stock and extending his services agreement. Paul was involved in strategic decisions and shareholder relations, showcasing his commitment to PCA even after his transition to a non-executive role. Throughout his career, he demonstrated a keen understanding of business dynamics, which helped PCA achieve impressive financial metrics including substantial annual bonuses, particularly a special award of $500,000 in 2009. Paul's tenure reflects how strong leadership can steer a company through various market challenges and sustain growth.

Quick Links

Paul T. Stecko

Ex-CEO of Packaging Corp of America

Education

Bachelor's degree in Metallurgical Engineering from the University of Pittsburgh

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Consumer Cyclical

Born

December 25, 1943 - 81 years ago

CEO of Packaging Corp of America for

11 years 6 months (Jan 1999 - Jul 2010)

Previous Experience

Served as President and Chief Operating Officer of Tenneco Inc.

Rivals

Competitors/colleagues of Paul T. Stecko

Mark S. Sutton

CEO of International Paper

2023 Compensation

Stock

$6.31M

Salary

$1.45M

Bonus

$493.70K

Other

$350.12K

Total Holdings

$48.61M

Mark J. Costa

CEO of Eastman Chemical

2022 Compensation

Stock

$1.00

Salary

$1.00

Bonus

$1.00

Other

$1.00

Total Holdings

$45.48M

Holdings

See how much did Paul T. Stecko make over time.

Paul T. Stecko has seen notable fluctuations in his stock holdings over the years. At one point, he was valued at around $5.46 million in stock holdings in late 2019. His holdings, however, took a dip to about $3.30 million by March 2020, reflecting market volatility during that period. While the stock saw some recoveries, his holdings hovered around the $4 million mark throughout 2021 and 2022. As of late 2024, his holdings appear more stable, showing values around $3.96 million, indicative of a matured investment strategy. Notably, his wealth was significantly impacted by PCA's strategic business moves and overall market trends, serving as an example of how executive decisions resonate in personal financial outcomes.

Total Stock Sold

$16.53M

PKG

$16.53M

398,203 PKG shares

What if they kept their stock?

If Paul T. Stecko didn't sell their stock, today they would have:
Extra PKG398,203 shares worth $34.02M.
This is 105.77% and $17.49M more than what they got when they sold the stock.

Charitable Transactions

PKG

329,514 shares

PKG

Recent Charitable Transactions

PKG

12,000 shares

PKG

Dec 31, 2020

Charity

PKG

10,500 shares

PKG

Dec 31, 2019

Charity

PKG

21,228 shares

PKG

Dec 31, 2018

Charity

PKG

95 shares

PKG

Dec 31, 2017

Charity

PKG

8,398 shares

PKG

May 16, 2017

Charity

PKG

7,190 shares

PKG

Jul 27, 2015

Charity

Insider Trading

See recent insider trades of Paul T. Stecko.

PKG

616 shares

PKG

May 8, 2024

Received

PKG

$1.50M

PKG at $153.99/share

Oct 31, 2023

Sale

PKG

636 shares

PKG

May 2, 2023

Received

PKG

535 shares

PKG

May 17, 2022

Received

PKG

527 shares

PKG

May 4, 2021

Received

PKG

12,000 shares

PKG

Dec 31, 2020

Charity

PKG

749 shares

PKG

May 5, 2020

Received

PKG

10,500 shares

PKG

Dec 31, 2019

Charity

PKG

706 shares

PKG

May 7, 2019

Received

PKG

21,228 shares

PKG

Dec 31, 2018

Charity

Compensation History

See how much did Paul T. Stecko make over time.

During his career at PCA, Paul's compensation reflected his significant role within the company. In 2013, he earned a total compensation of about $4.96 million, which included a salary of $974,753 and a substantial bonus of $1.6 million. Notably, he received numerous awards of restricted stock, totaling 12,000 shares in 2013 alone, emphasizing his value within the organization. His compensation took into account performance metrics, aligning with the trend of executive compensation being tied to company success. In earlier years, in 2009, his compensation was also significant, marking $6.31 million in total, showcasing the consistent financial incentive structure designed to align his performance with PCA's growth.

Year

2010

Total Compensation

$2.83M

Salary

$936.48K

Board Justification

The compensation philosophy is based on pay-for-performance, aligning executive compensation with company performance and peer benchmarking.

Bonus

$1.50M

Board Justification

Mr. Stecko's bonus was prorated based on his service as Chief Executive Officer for the first half of the year and as Executive Chairman for the second half, with a total bonus of $1,504,000 for the year.

Other

$384.98K

Board Justification

Other compensation includes contributions to the deferred compensation plan, 401(k) contributions, and perquisites such as club memberships and financial planning assistance.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2010 as the only stock award was a grant of 125,000 shares on July 1, 2010, which is subject to a three-year cliff vesting schedule.

Performance Metrics

The performance metrics include earnings per share targets and comparisons to industry competitors.

Other Packaging Corp of America CEOs

Here are other CEOs of Packaging Corp of America

Mark W. Kowlzan

Ex-CEO of Packaging Corp of America

July 2010 - December 2015