PKGNYSEPaperboard Containers & BoxesFiscal year ends December 31
PACKAGING CORP OF AMERICA
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$236.38+0.38 (+0.16%)
Close on Oct 19, 2026
- Market cap
- $21.04B
- P/E (TTM)
- 30.7
- Dividend yield
- 2.12%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
98.1%
87M of 89M shares
Institutional holders
898
103 new, 74 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 6 sales
Net sold $15.00M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 7,421,407 | 8.30% | 13G (passive) amendment | Mar 31, 2025 |
| Vanguard Capital Management | 6,717,139 | 7.54% | 13G (passive) | Mar 31, 2026 |
| T. Rowe Price Associates, Inc. | 6,525,012 | 7.30% | 13G (passive) | Mar 31, 2026 |
| State Street Corporation | 4,620,150 | 5.20% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of PKG | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 7,711,541 | 8.66% | $1.84B | +4,967 | 0.03% |
| Price T Rowe Associates Inc /Md/ | 5,823,442 | 6.54% | $1.39M | −699,281 | 0.14% |
| Vanguard Capital Management LLC | 5,803,824 | 6.51% | $1.38B | +1,570 | 0.03% |
| State Street Corp | 4,615,464 | 5.18% | $1.11B | +371,020 | 0.03% |
| Vanguard Portfolio Management LLC | 4,400,087 | 4.94% | $1.05B | +19,517 | 0.05% |
| JPMorgan Chase & Co | 3,712,816 | 4.17% | $882.35M | +285,777 | 0.05% |
| Bank of New York Mellon Corp | 3,139,561 | 3.52% | $748.09M | +903,977 | 0.12% |
| FIL Ltd | 2,772,813 | 3.11% | $660.71M | −85,110 | 0.47% |
| Geode Capital Management, LLC | 2,499,804 | 2.81% | $593.40M | +14,068 | 0.03% |
| Royal Bank of Canada | 2,235,961 | 2.51% | $532.79M | −87,049 | 0.08% |
| American Century Companies Inc | 2,011,324 | 2.26% | $479.26M | −55,213 | 0.21% |
| Ameriprise Financial Inc | 1,963,732 | 2.20% | $467.98M | +23,016 | 0.09% |
| Victory Capital Management Inc | 1,831,180 | 2.06% | $436.33M | −192,938 | 0.24% |
| Millennium Management LLC | 1,692,740 | 1.90% | $403.35M | +577,075 | 0.15% |
| Bank Of America Corp /De/ | 1,592,949 | 1.79% | $379.57M | +74,849 | 0.02% |
| Atlas FRM LLC | 1,532,500 | 1.72% | $365.16M | – | 15.64% |
| Boston Partners | 1,456,806 | 1.64% | $347.08M | −110,084 | 0.31% |
| Morgan Stanley | 1,381,505 | 1.55% | $329.19M | −129,055 | 0.02% |
| Dimensional Fund Advisors LP | 1,329,859 | 1.49% | $316.88M | +33,192 | 0.06% |
| Invesco Ltd. | 1,189,046 | 1.33% | $283.33M | +60,656 | 0.02% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 898 | 87M | 98.1% | 103 / 349 | 296 / 74 | 6M | 5M |
| Q1 2026 | 882 | 87M | 97.4% | 109 / 322 | 296 / 81 | 21M | 11M |
| Q4 2025 | 869 | 88M | 98.2% | 115 / 297 | 327 / 85 | 8M | 8M |
| Q3 2025 | 858 | 88M | 98.8% | 122 / 307 | 278 / 92 | 12M | 8M |
| Q2 2025 | 841 | 85M | 94.9% | 88 / 321 | 298 / 94 | 8M | 6M |
| Q1 2025 | 857 | 82M | 92.1% | 81 / 315 | 327 / 116 | 8M | 8M |
| Q4 2024 | 902 | 82M | 91.9% | 157 / 313 | 295 / 56 | 8M | 9M |
| Q3 2024 | 816 | 83M | 93.7% | 115 / 281 | 287 / 64 | 14M | 6M |
| Q2 2024 | 772 | 84M | 94.2% | 72 / 294 | 275 / 65 | 5M | 7M |
| Q1 2024 | 775 | 86M | 96.3% | 100 / 266 | 290 / 58 | 7M | 6M |
| Q4 2023 | 742 | 85M | 95.8% | 138 / 249 | 248 / 25 | 9M | 5M |
| Q3 2023 | 643 | 81M | 91.0% | 60 / 235 | 230 / 63 | 4M | 5M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of PKG | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 2,828,011 | 3.17% | $673.86M | 0.03% | Jun 30, 2026 |
| Vanguard 500 Index Fund | 2,293,135 | 2.57% | $546.41M | 0.03% | Jun 30, 2026 |
| Vanguard Mid-Cap Index Fund | 1,930,630 | 2.17% | $460.03M | 0.21% | Jun 30, 2026 |
| JPMorgan Equity Income Fund | 1,322,810 | 1.48% | $315.20M | 0.72% | Jun 30, 2026 |
| Victory Sycamore Established Value Fund | 1,285,000 | 1.44% | $306.19M | 1.98% | Jun 30, 2026 |
| iShares Core S&P 500 ETF | 1,217,340 | 1.37% | $290.07M | 0.03% | Jun 30, 2026 |
| Fidelity 500 Index Fund | 1,143,684 | 1.28% | $250.36M | 0.03% | May 31, 2026 |
| Columbia Dividend Income Fund | 1,095,477 | 1.23% | $239.81M | 0.51% | May 31, 2026 |
| Disciplined Value Mid Cap Fund | 999,118 | 1.12% | $238.07M | 1.03% | Jun 30, 2026 |
| State Street(R) Materials Select Sector SPDR(R) ETF | 967,609 | 1.09% | $230.56M | 2.82% | Jun 30, 2026 |
| Invesco S&P 500 Equal Weight ETF | 860,046 | 0.97% | $211.43M | 0.22% | Jul 31, 2026 |
| T. Rowe Price U.S. Large-Cap Core Fund, Inc. | 849,028 | 0.95% | $202.31M | 1.12% | Jun 30, 2026 |
| Vanguard Value Index Fund | 847,366 | 0.95% | $201.91M | 0.08% | Jun 30, 2026 |
| BNY Mellon Dynamic Value Fund | 809,249 | 0.91% | $177.15M | 1.46% | May 31, 2026 |
| T. Rowe Price Value Fund, Inc. | 746,605 | 0.84% | $177.90M | 0.52% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Mark W. Kowlzan | Chairman & CEO, Director | 496,678 | 0.56% | May 28, 2026 |
| Donald R. Shirley | Exec. VP | 25,611 | 0.03% | Aug 24, 2026 |
| Thomas A. Hassfurther | President | 303,222 | 0.34% | Aug 11, 2026 |
| Charles J. Carter | EVP-Mill Ops. | 60,046 | 0.07% | Mar 31, 2026 |
| Kent A. Pflederer | EVP & CFO | 79,545 | 0.09% | Mar 31, 2026 |
| Darla J. Olivier | SVP | 27,397 | 0.03% | Mar 31, 2026 |
| Fabian Celestin Strauss | SVP Finance | 4,244 | 0.00% | Mar 10, 2026 |
| Joseph Vaughn | SVP | 11,618 | 0.01% | Feb 26, 2026 |
| Heidi L. Patton | SVP | 7,873 | 0.01% | Feb 26, 2026 |
| Robert P. Mundy | EVP & CFO | 48,482 | 0.05% | Apr 8, 2025 |
| Samuel M. Mencoff | Director | 345,720 | 0.39% | May 13, 2026 |
| Donna A. Harman | Director | 5,179 | 0.01% | May 12, 2026 |
| Robert C. Lyons | Director | 13,429 | 0.02% | May 12, 2026 |
| Cheryl K. Beebe | Director | 15,104 | 0.02% | May 12, 2026 |
| Thomas S. Souleles | Director | 11,202 | 0.01% | May 12, 2026 |
| Roger B. Porter | Director | 22,604 | 0.03% | May 12, 2026 |
| Karen E. Gowland | Director | 2,118 | 0.00% | May 12, 2026 |
| Duane C. Farrington | Director | 7,243 | 0.01% | May 12, 2026 |
| Paul T. Stecko | Director | 9,492 | 0.01% | May 9, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Donald R. Shirley Exec. VP | Aug 20, 2026 | Sale | −12,000 | $250.71 | $3.01M | 19,110 |
| Thomas A. Hassfurther President | Aug 7, 2026 | Sale | −7,063 | $254.00 | $1.79M | 202,891 |
| Thomas A. Hassfurther President | Aug 5, 2026 | Sale | −8,797 | $257.00 | $2.26M | 209,954 |
| Thomas A. Hassfurther President | Aug 3, 2026 | Sale | −12,531 | $250.00 | $3.13M | 218,751 |
| Mark W. Kowlzan Chairman & CEO, Director | May 27, 2026 | Sale | −9,266 | $217.08 | $2.01M | 473,610 |
| Samuel M. Mencoff Director | May 12, 2026 | Award | +591 | – | – | 270,194 |
| Karen E. Gowland Director | May 12, 2026 | Award | +591 | – | – | 2,118 |
| Thomas S. Souleles Director | May 12, 2026 | Award | +591 | – | – | 11,202 |
| Duane C. Farrington Director | May 12, 2026 | Award | +591 | – | – | 7,243 |
| Robert C. Lyons Director | May 12, 2026 | Award | +591 | – | – | 13,429 |
| Donna A. Harman Director | May 12, 2026 | Award | +591 | – | – | 5,179 |
| Cheryl K. Beebe Director | May 12, 2026 | Award | +591 | – | – | 15,104 |
| Roger B. Porter Director | May 12, 2026 | Award | +591 | – | – | 22,604 |
| Donald R. Shirley Exec. VP | Mar 27, 2026 | Award | +6,254 | – | – | 33,282 |
| Donald R. Shirley Exec. VP | Mar 27, 2026 | Award | +478 | – | – | 33,760 |
| Donald R. Shirley Exec. VP | Mar 27, 2026 | Tax withholding | −2,650 | $212.25 | $562.46K | 31,110 |
| Thomas A. Hassfurther President | Mar 27, 2026 | Tax withholding | −12,615 | $212.25 | $2.68M | 231,282 |
| Thomas A. Hassfurther President | Mar 27, 2026 | Award | +2,279 | – | – | 243,897 |
| Thomas A. Hassfurther President | Mar 27, 2026 | Award | +29,778 | – | – | 241,618 |
| Mark W. Kowlzan Chairman & CEO, Director | Mar 27, 2026 | Award | +43,010 | – | – | 500,097 |
| Mark W. Kowlzan Chairman & CEO, Director | Mar 27, 2026 | Award | +3,292 | – | – | 503,389 |
| Mark W. Kowlzan Chairman & CEO, Director | Mar 27, 2026 | Tax withholding | −20,513 | $212.25 | $4.35M | 482,876 |
| Charles J. Carter EVP-Mill Ops. | Mar 27, 2026 | Award | +8,282 | – | – | 53,496 |
| Charles J. Carter EVP-Mill Ops. | Mar 27, 2026 | Tax withholding | −3,509 | $212.25 | $744.79K | 50,621 |
| Charles J. Carter EVP-Mill Ops. | Mar 27, 2026 | Award | +634 | – | – | 54,130 |
| Darla J. Olivier SVP | Mar 27, 2026 | Tax withholding | −1,055 | $212.25 | $223.92K | 27,397 |
| Darla J. Olivier SVP | Mar 27, 2026 | Award | +2,260 | – | – | 28,279 |
| Darla J. Olivier SVP | Mar 27, 2026 | Award | +173 | – | – | 28,452 |
| Kent A. Pflederer EVP & CFO | Mar 27, 2026 | Award | +5,596 | – | – | 75,303 |
| Kent A. Pflederer EVP & CFO | Mar 27, 2026 | Award | +428 | – | – | 75,731 |
| Kent A. Pflederer EVP & CFO | Mar 27, 2026 | Tax withholding | −2,670 | $212.25 | $566.71K | 73,061 |
| Thomas A. Hassfurther President | Mar 6, 2026 | Tax withholding | −4,917 | $222.52 | $1.09M | 211,840 |
| Thomas A. Hassfurther President | Mar 6, 2026 | Award | +11,474 | – | – | 215,739 |
| Thomas A. Hassfurther President | Mar 6, 2026 | Award | +1,018 | – | – | 216,757 |
| Darla J. Olivier SVP | Mar 6, 2026 | Award | +104 | – | – | 26,578 |
| Darla J. Olivier SVP | Mar 6, 2026 | Tax withholding | −559 | $222.52 | $124.39K | 26,019 |
| Darla J. Olivier SVP | Mar 6, 2026 | Award | +1,182 | – | – | 26,474 |
| Mark W. Kowlzan Chairman & CEO, Director | Mar 6, 2026 | Tax withholding | −8,025 | $222.52 | $1.79M | 457,087 |
| Mark W. Kowlzan Chairman & CEO, Director | Mar 6, 2026 | Award | +1,476 | – | – | 465,112 |
| Mark W. Kowlzan Chairman & CEO, Director | Mar 6, 2026 | Award | +16,637 | – | – | 463,636 |
| Charles J. Carter EVP-Mill Ops. | Mar 6, 2026 | Award | +384 | – | – | 47,071 |
| Charles J. Carter EVP-Mill Ops. | Mar 6, 2026 | Tax withholding | −1,857 | $222.52 | $413.22K | 45,214 |
| Charles J. Carter EVP-Mill Ops. | Mar 6, 2026 | Award | +4,331 | – | – | 46,687 |
| Donald R. Shirley Exec. VP | Mar 6, 2026 | Award | +290 | – | – | 28,430 |
| Donald R. Shirley Exec. VP | Mar 6, 2026 | Tax withholding | −1,402 | $222.52 | $311.97K | 27,028 |
| Donald R. Shirley Exec. VP | Mar 6, 2026 | Award | +3,270 | – | – | 28,140 |
| Kent A. Pflederer EVP & CFO | Mar 6, 2026 | Award | +259 | – | – | 71,119 |
| Kent A. Pflederer EVP & CFO | Mar 6, 2026 | Tax withholding | −1,412 | $222.52 | $314.20K | 69,707 |
| Kent A. Pflederer EVP & CFO | Mar 6, 2026 | Award | +2,926 | – | – | 70,860 |
| Darla J. Olivier SVP | Feb 25, 2026 | Award | +1,157 | – | – | 25,292 |
| Donald R. Shirley Exec. VP | Feb 25, 2026 | Award | +2,774 | – | – | 24,870 |
| Joseph Vaughn SVP | Feb 25, 2026 | Award | +1,480 | – | – | 11,167 |
| Charles J. Carter EVP-Mill Ops. | Feb 25, 2026 | Award | +4,213 | – | – | 42,356 |
| Kent A. Pflederer EVP & CFO | Feb 25, 2026 | Award | +2,774 | – | – | 67,934 |
| Heidi L. Patton SVP | Feb 25, 2026 | Award | +814 | – | – | 6,479 |
| Thomas A. Hassfurther President | Feb 25, 2026 | Award | +11,719 | – | – | 204,265 |
| Mark W. Kowlzan Chairman & CEO, Director | Feb 25, 2026 | Award | +16,992 | – | – | 446,999 |
| Darla J. Olivier SVP | Feb 23, 2026 | Tax withholding | −513 | $225.55 | $115.71K | 57,538 |
| Joseph Vaughn SVP | Feb 23, 2026 | Tax withholding | −531 | $225.55 | $119.77K | 9,687 |
| Kent A. Pflederer EVP & CFO | Feb 23, 2026 | Tax withholding | −1,297 | $225.55 | $292.54K | 65,160 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Ray Shirley Donald Director | Aug 20, 2026 | 12,000 | $3.00M | Aug 20, 2026 | Stock bonus |
| Thomas A. Hassfurther Officer | Jul 28, 2026 | 28,391 | $7.28M | Jul 28, 2026 | Employee Compensation |
| Mark W. Kowlzan Member of immediate family of any of the foregoing | May 27, 2026 | 9,266 | $1.97M | May 27, 2026 | Stock Award |
| Thomas A. Hassfurther Officer | Feb 13, 2026 | 26,450 | $6.53M | Feb 13, 2026 | Stock Grants |
| Thomas A. Hassfurther Officer | Feb 5, 2026 | 12,129 | $2.80M | Feb 5, 2026 | Employee Compensation |
| Mark W. Kowlzan 10% Stockholder | Sep 11, 2025 | 25,000 | $5.38M | Sep 11, 2025 | Stock Award |
| W. Vaughn Joseph Officer | Dec 3, 2024 | 2,300 | $563.25K | Dec 3, 2024 | Restricted stock vesting under a registered plan |
| Stecko Paul Director | Nov 21, 2024 | 10,500 | $2.58M | Nov 21, 2024 | Acquired as compensation -- Restricted Stock Awards |
| Donald R. Shirley Officer | Nov 12, 2024 | 8,000 | $1.92M | Nov 12, 2024 | STOCK BONUS |
| Mundy Robert Officer | Nov 8, 2024 | 12,500 | $3.00M | Nov 8, 2024 | stock award |
| Mark W. Kowlzan 10% Stockholder | Nov 6, 2024 | 66,640 | $16.04M | Nov 6, 2024 | Stock Award |
| Thomas A. Hassfurther Officer | Nov 6, 2024 | 19,738 | $4.79M | Nov 6, 2024 | Executive compensation |
| Donald R. Shirley Officer | Jul 24, 2024 | 6,000 | $1.17M | Jul 25, 2024 | STOCK BONUS |
| Charles J. Carter Officer | Jul 24, 2024 | 5,389 | $1.04M | Jul 25, 2024 | STOCK BONUS |
| Mundy Family Trust Robert P. Mundy, trustee DTD 09/01/2016 Officer | Mar 6, 2024 | 10,000 | $1.82M | Mar 6, 2024 | private transaction |