Form 4: GPK Executive LeBeau Converts RSUs, Adjusts Holdings

Graphic Packaging Holding Co. EVP Scott LeBeau reported the conversion of service-based restricted stock units into common stock and a subsequent tax-related disposition.

Summary

• Scott LeBeau, Executive Vice President of Paperboard Manufacturing at Graphic Packaging Holding Co. (GPK), reported transactions on February 26, 2026.
• LeBeau acquired 805 shares of common stock through the conversion of service-based restricted stock units at a price of $0.
• Concurrently, LeBeau disposed of 209 shares of common stock at a price of $12.1 per share, likely for tax withholding purposes related to the RSU conversion.
• Following these transactions, LeBeau directly owns 22,838 shares of common stock.
• LeBeau also holds 1,635 service-based restricted stock units after the reported conversion.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, typical for executive compensation and tax planning, with no significant positive or negative implications for the company's operational or financial performance.

Positives

• The conversion of restricted stock units indicates vesting of executive compensation, aligning management interests with long-term shareholder value.

Negatives

• A net decrease of 209 shares in direct common stock holdings due to the disposition, which is typically for tax obligations.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, providing transparency into executive stock movements but typically not reflecting broader industry trends directly. These transactions are often part of pre-arranged trading plans (Rule 10b5-1) for executive compensation and tax management.

Comparison to Industry Standards

• Form 4 filings are standard regulatory disclosures for insider transactions across all publicly traded companies.
• The reported RSU conversion and subsequent tax-related sale are common practices for executives receiving equity compensation, aligning with typical compensation structures seen in companies like International Paper (IP) or WestRock (WRK) within the packaging and paperboard industry.

Stakeholder Impact

• Shareholders gain transparency into executive stock ownership changes.
• The transactions are part of the executive's compensation, aligning management interests with shareholder value over the long term.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation transactions (RSU conversion and tax-related sale) and does not provide new information that would alter the fundamental investment thesis for Graphic Packaging Holding Co. It reflects standard insider activity rather than a change in company outlook or performance, thus a 'hold' recommendation remains appropriate based solely on this filing.

Keywords

Graphic Packaging Holding Co., GPK, Scott LeBeau, Form 4, Insider Trading, Restricted Stock Units, RSU Conversion, Executive Compensation, Stock Transaction