Form 4: Greif Director Acquires Phantom Stock Units

Greif, Inc. Director Karen Morrison acquired 161.39 phantom stock units, increasing her beneficial ownership to 2,580.09 units.

Summary

• Karen Morrison, a Director of Greif, Inc. (GEF, GEF-B), acquired 161.39 phantom stock units on February 23, 2026.
• These phantom stock units are the economic equivalent of one share of Greif's Class A Common Stock.
• The units are designated as 'Cash Only Rights' and will be settled in cash upon Ms. Morrison's termination from the Board due to retirement, death, or other reasons.
• Following this transaction, Ms. Morrison beneficially owns a total of 2,580.09 phantom stock units.
• The underlying Class A Common Stock was valued at $74.64 per share at the time of the transaction.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, as a director's increased beneficial ownership, even through phantom units, suggests confidence in the company's long-term value.

Positives

• An insider (Director Karen Morrison) increased her beneficial ownership in the company, which can be interpreted as a sign of confidence in Greif's future prospects.

Future Outlook

The filing does not contain forward-looking statements or guidance beyond the settlement conditions of the phantom stock units upon the reporting person's termination from the Board.

Management Comments

• No direct quotes or paraphrased statements from company management are included in this Form 4 filing.

Industry Context

StockSavvy.ai notes that insider acquisitions, even of cash-settled phantom units, can signal management's belief in the company's future prospects, aligning their interests with shareholders. This transaction appears to be a routine compensation-related event for a director.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: May view the director's increased beneficial ownership as a positive sign of alignment with shareholder interests, potentially reinforcing confidence in the company's leadership.

Next Steps

• The phantom shares are to be settled in cash upon the Reporting Person's termination from the Board due to her retirement, death or other reason.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of phantom stock units by a director as part of compensation. While it indicates insider confidence, it is not a significant event to warrant a change in investment recommendation. The transaction itself does not provide new fundamental information about the company's performance or strategic direction.

Keywords

Greif Inc., GEF, Form 4, Insider Transaction, Phantom Stock Units, Director Compensation, Karen Morrison