Form 4: Graphic Packaging Holding Co. EVP and CFO Stephen R. Scherger Reports Acquisition of Service-Based Restricted Stock Units
SEC Form 4 Filing
Stephen R. Scherger, EVP and CFO of Graphic Packaging Holding Co., reports the acquisition of 25,531 Service-Based Restricted Stock Units.
Summary
- On February 26, 2025, Stephen R. Scherger, the EVP and CFO of Graphic Packaging Holding Co., acquired 25,531 Service-Based Restricted Stock Units.
- These units vest in three substantially equal tranches on the first, second, and third anniversaries of the grant date, with exceptions for death, disability, retirement, involuntary termination, or change in control.
- Upon conversion and payment in shares of the company's common stock, the Service-Based Restricted Stock Units expire.
- The reported grant represents one-third of a total grant that includes Performance-Based Restricted Stock Units, which will be reported upon settlement.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding executive compensation. It doesn't inherently convey positive or negative sentiment.
Positives
- The acquisition of restricted stock units aligns the executive's interests with those of the shareholders.
Future Outlook
The Performance-Based Restricted Stock Units will be reported upon settlement.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- Shareholders may view the grant of restricted stock units as a way to align management's interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: acquisition of Service-Based Restricted Stock Units |
| 02/28/2025 | Date of report filing |
Keywords
Service-Based Restricted Stock Units, Form 4, Stephen R. Scherger, Graphic Packaging Holding Co., GPK, Executive Compensation, Securities Exchange Act, Beneficial Ownership
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