Form 4: Graphic Packaging Director Mary K. Rhinehart Ceases Section 16 Reporting Obligations
Insider Ownership Reporting Status Update
Mary K. Rhinehart, a Director at Graphic Packaging Holding Co., has filed a Form 4 indicating she is no longer subject to Section 16 reporting requirements.
Summary
- Mary K. Rhinehart, a Director of Graphic Packaging Holding Co. (GPK), has filed a Form 4 with the U.S. Securities and Exchange Commission (SEC).
- The primary purpose of this filing is to indicate that Ms. Rhinehart is no longer subject to the reporting requirements of Section 16 of the Securities Exchange Act of 1934.
- Section 16 requires insiders (directors, officers, and 10% owners) to report their transactions in company securities.
- No transactions involving the acquisition or disposition of non-derivative or derivative securities were reported in either Table I or Table II of this filing.
- The cessation of Section 16 obligations typically occurs when an individual resigns from an insider position or their status changes such that they no longer meet the definition of an insider, although some Form 4 or Form 5 obligations may continue under specific circumstances as per Instruction 1(b).
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing indicating a change in a director's reporting status, with no positive or negative financial or operational implications disclosed.
Positives
- The filing provides clear regulatory transparency regarding the reporting status of a company director.
Negatives
- The document itself does not contain any negative financial or operational information regarding Graphic Packaging Holding Co.
Risks
- The document does not disclose any specific risks related to the company's operations, financial health, or strategic direction.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding the company's future performance, strategic outlook, or financial projections.
Industry Context
This Form 4 filing is a routine regulatory disclosure related to insider ownership and reporting status. It does not provide information relevant to broader industry trends, competitive analysis, or market dynamics within the packaging sector.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Mary K. Rhinehart | N/A | 05/21/2025 | The reporting person, Mary K. Rhinehart, is no longer subject to Section 16 reporting requirements. This typically occurs upon resignation from an insider position (e.g., director, officer, or 10% owner) or a change in status that removes the insider classification. The filing itself does not explicitly state a resignation, but rather the cessation of the reporting obligation. |
Stakeholder Impact
- Shareholders: The cessation of Section 16 reporting for a director means fewer public disclosures regarding their personal stock transactions, which represents a minor reduction in transparency for individual insider holdings.
Next Steps
- Mary K. Rhinehart's future Form 4 or Form 5 obligations may continue under specific circumstances, as per Instruction 1(b) of Section 16, despite no longer being generally subject to Section 16 reporting.
Key Dates
| Date | Description |
|---|---|
| 05/21/2025 | Date of earliest transaction for which the form is being filed, or the effective date of the cessation of Section 16 reporting obligations for Mary K. Rhinehart. |
| 05/23/2025 | Date the Form 4 was signed by Mary K. Rhinehart's attorney-in-fact. |
Keywords
Graphic Packaging Holding Co., GPK, SEC Form 4, Insider Trading, Beneficial Ownership, Director, Mary K. Rhinehart, Section 16
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