Form 4: Greif Director Acquires Phantom Stock Units

Greif, Inc. Director B. Andrew Rose acquired 413.842 phantom stock units, increasing his beneficial ownership to 1,729.552 units.

Summary

• B. Andrew Rose, a Director of Greif, Inc. (GEF, GEF-B), acquired 413.842 phantom stock units.
• The transaction occurred on August 1, 2025.
• Each phantom stock unit is the economic equivalent of one share of Greif's Class A Common Stock.
• The underlying Class A Common Stock was valued at $63.43 per share on the transaction date.
• Following this acquisition, Mr. Rose beneficially owns a total of 1,729.552 phantom stock units.
• These phantom stock units are cash-settled upon the earlier of a future fixed date designated by Mr. Rose or his termination from the Board due to retirement, death, disability, or other reasons.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by a director, while not a direct stock purchase, generally indicates continued alignment with shareholder interests and confidence in the company's long-term performance, as the units are economically tied to the stock price.

Positives

• The acquisition of additional phantom stock units by a director indicates continued alignment of management's interests with shareholder value.
• Increased beneficial ownership by a director can signal confidence in the company's future performance.

Future Outlook

The phantom stock units are to be settled in cash upon the earlier of a future fixed date designated by the Reporting Person at the time of the deferral election, or the Reporting Person's termination from the Board due to retirement, death, disability, or other reason.

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context or trends. It reflects an individual director's compensation or investment activity within Greif, Inc.

Stakeholder Impact

• Shareholders may view the director's increased beneficial ownership as a positive signal of management's alignment with shareholder value and confidence in the company's future.

Next Steps

• Settlement of the phantom stock units in cash upon the earlier of a future fixed date or the director's termination from the Board.

Key Dates

Recommendation

This Form 4 filing details a routine acquisition of phantom stock units by a director, likely as part of compensation or a deferral plan. While it signals continued alignment and confidence, it is a single, non-cash transaction and does not provide sufficient new information to warrant a change in investment recommendation. Investors should consider this as a minor positive signal within the broader context of Greif's financial performance and market conditions.

Keywords

Greif, GEF, insider transaction, phantom stock, director compensation, beneficial ownership, SEC Form 4