Form 4: Greif CFO Hilsheimer Reports Significant Stock Activity

Greif's EVP and CFO, Lawrence A. Hilsheimer, reported the conversion of restricted stock units, an award of performance shares, and related tax withholdings on January 14, 2026.

Summary

• Lawrence A. Hilsheimer, EVP and CFO of Greif, Inc., reported several transactions involving company stock on January 14, 2026.
• These transactions included the conversion of 11,675 Restricted Stock Units (RSUs) into Class A Common Stock.
• Concurrently, 3,362 shares of Class A Common Stock were disposed of to cover tax liabilities associated with the RSU conversion.
• Hilsheimer also received an award of 36,921 Performance Shares of Class A Common Stock under the company's Long Term Incentive Plan, for which no consideration was paid.
• An additional 15,629 shares of Class A Common Stock were disposed of to satisfy tax obligations related to the Performance Share award.
• Following these reported transactions, Hilsheimer directly beneficially owns 75,818.3517 shares of Class A Common Stock and 200,569 shares of Class B Common Stock.
• He also holds 39,193 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive due to the executive receiving a significant award of performance shares and increasing their overall equity stake, despite some shares being disposed for tax purposes. This aligns management's interests with shareholders.

Positives

• EVP and CFO Lawrence A. Hilsheimer received a significant award of 36,921 Performance Shares of Class A Common Stock, indicating strong performance or future incentives.
• The conversion of 11,675 Restricted Stock Units into Class A Common Stock increases Hilsheimer's direct equity stake in the company.
• The Performance Shares are awarded pursuant to the Company's Long Term Incentive Plan, aligning management's interests with long-term shareholder value.

Negatives

• A total of 18,991 shares of Class A Common Stock (3,362 from RSU conversion and 15,629 from Performance Share award) were disposed of to cover tax liabilities, reducing the net increase in beneficial ownership from the awards.

Future Outlook

The remaining 39,193 Restricted Stock Units represent a contingent right to receive one share of Class A common stock each on the third anniversary of their respective grant dates. The 36,921 Performance Shares awarded are subject to a one-year restriction on transfer.

Management Comments

• "Performance Shares awarded pursuant to the Company's Long Term Incentive Plan. No consideration was paid by the reporting person. Shares are subject to a one year restriction on transfer."
• "Each restricted stock unit represents a contingent right to receive one share of Class A common stock on the third anniversary of the grant date."

Industry Context

This Form 4 filing details routine insider transactions related to executive compensation and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders may view the increased equity ownership by a key executive as a positive signal, aligning management's interests with shareholder value.
• The award of performance shares under the Long Term Incentive Plan reinforces the company's commitment to performance-based compensation for its executives.

Next Steps

• The 36,921 Performance Shares awarded are subject to a one-year restriction on transfer.
• The remaining 39,193 Restricted Stock Units will convert into Class A common stock on the third anniversary of their respective grant dates.

Key Dates

Keywords

Greif Inc, GEF, Insider Trading, Form 4, Restricted Stock Units, Performance Shares, Executive Compensation, Stock Award, Tax Withholding