CEO of Packaging Corporation of America (NYSE:PKG) Mark W. Kowlzan sold 85,000 shares on July 18, 2013 at an average price of $52.1. The total transaction amount was $4,428,500.
Since July 2010, Mark Kowlzan has served at PKG as chief executive officer and director. Before joining Packaging Corporation of America, Kowlzan worked at International Paper Company for 15 years. He is also a member of the board of directors of the American Forest & Paper Association.
In addition to Mark Kowlzan’s recent sell, SVP Thomas Walton and Executive VP Thomas A. Hassfurther sold 47,825 shares of PKG stock in February.
GuruFocus Guru Joel Greenblatt, who owns 74,461 shares as of March 31, 2013, increased his position in PCA, whereas GuruFocus Guru Jean-Marie Eveillard, who owns 1,578,800 shares, reduced his position in the Company.
Packaging Corporation of America announced its 2013 second quarter results with net income of $64.5 million and revenues of $800.2 million.