Form 4: Graphic Packaging Holding Co. EVP and CFO Stephen R. Scherger Reports Stock Transactions
SEC Form 4 Filing
Stephen R. Scherger, EVP and CFO of Graphic Packaging Holding Co., reports the acquisition and disposal of common stock and derivative securities related to service and performance-based restricted stock units on February 22, 2025.
Summary
- On February 22, 2025, Stephen R. Scherger, the EVP and CFO of Graphic Packaging Holding Co., engaged in transactions involving the company's common stock and derivative securities.
- Scherger acquired 27,683 shares of common stock through the settlement of performance-based restricted stock units.
- He also acquired 110,734 shares of common stock.
- Concurrently, Scherger disposed of 12,385 shares at a price of $27.08 and another 49,406 shares at the same price to cover tax obligations.
- Following these transactions, Scherger directly owns 587,362 shares of Graphic Packaging Holding Co.
- He also transacted 27,683 service-based restricted stock units, which expire upon conversion and payout in shares of common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a routine regulatory filing.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock.
Stakeholder Impact
- The transactions could have a minor impact on shareholders due to the change in ownership by a key executive, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Date of earliest transaction and multiple transactions involving common stock and derivative securities. |
| 02/24/2025 | Date of signature by Attorney-in-Fact. |
Keywords
Form 4, Stephen R. Scherger, Graphic Packaging Holding Co, GPK, Stock Transactions, Restricted Stock Units, Beneficial Ownership, EVP, CFO
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