NOTIFICATION: The Technology Channels will soon be discontinued.
Click here to download complimentary copies of Fastmarkets RISI’s pulp and paper newsletters.

 

US containerboard executives gain large payouts with share sales

Read so far

US containerboard executives gain large payouts with share sales

August 23, 2013 - 12:51

SAN FRANCISCO, Aug. 23, 2013 (RISI) -With a dramatic run-up in US containerboard company share prices this year, top executives at some firms gained large payouts -- even as analysts are also raising share price projections for some companies, PPI Pulp & Paper Week reported.

Packaging Corp of AmericaCEO Mark Kowlzan sold 85,000 shares in the open market on July 18 at $52.10/share for $4.429 million. KapStone VP and General Mgr Tim Keneally sold 68,161 for $44-45/share for $3.045 million.

RockTenn Consumer Packaging and Recycling pres Michael Kiepura sold 20,665 shares Aug. 8 at $116-117/share for $2.409 million. PCA Sr VP and CFO Richard West sold 40,500 shares at $52.06/share for $2.108 million. Retiring RockTenn CEO Jim Rubright sold 9,100 shares on Aug. 14 at $177.63/share for $1.065 million. PCA Sr VP Tom Walton sold 13,907 on July 18 at $52.24/share for $726,500.