Form 4: Greif CCO Boosts Stake with Performance Shares

Greif's SVP, Chief Commercial Officer, Timothy Bergwall, increased his direct beneficial ownership of Class A Common Stock through performance share awards and RSU conversions.

Summary

• Timothy Bergwall, SVP, Chief Commercial Officer of Greif, Inc., reported changes in his beneficial ownership of Class A Common Stock.
• Acquired 6,414 shares of Class A Common Stock through the conversion of Restricted Stock Units (RSUs) on January 14, 2026.
• Disposed of 1,903 shares of Class A Common Stock on January 14, 2026, for tax withholding purposes related to the RSU conversion.
• Acquired 20,283 shares of Class A Common Stock as Performance Shares under the Company's Long Term Incentive Plan on January 14, 2026. These shares were acquired at $0 consideration and are subject to a one-year transfer restriction.
• Disposed of 7,640 shares of Class A Common Stock on January 14, 2026, for tax withholding purposes related to the Performance Share award.
• Following these transactions, Bergwall's direct beneficial ownership of Class A Common Stock increased to 75,831.55 shares.
• The number of Restricted Stock Units beneficially owned decreased by 6,414 to 22,393 units.

Sentiment

Score: 7

Explanation: The net increase in the executive's direct beneficial ownership, primarily through performance-based awards, suggests management confidence and alignment with shareholder interests. The dispositions were for tax purposes, a standard event.

Positives

• Timothy Bergwall's direct beneficial ownership of Greif Class A Common Stock increased by a net of 17,154 shares, demonstrating increased alignment with shareholder interests.
• The acquisition of 20,283 shares as Performance Shares indicates successful achievement of performance targets under the company's Long Term Incentive Plan.

Negatives

• Disposition of 1,903 and 7,640 shares of Class A Common Stock for tax withholding purposes, which is a standard practice for equity awards and not inherently negative.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or outlook.

Industry Context

This Form 4 filing details an individual executive's equity transactions, which is a routine disclosure for publicly traded companies. It reflects standard executive compensation practices involving performance-based awards and restricted stock units, common across various industries to align management incentives with company performance.

Stakeholder Impact

• Shareholders: The increase in executive ownership through performance-based awards enhances alignment between management and shareholder interests, potentially signaling confidence in the company's future performance.

Key Dates

Keywords

GREIF, GEF, Form 4, Insider Transaction, Executive Compensation, Performance Shares, Restricted Stock Units, Stock Ownership