Form 4: Greif EVP Reports Significant Stock Activity

Greif's EVP, Chief Human Resources Officer, Bala Sathyanarayanan, reported significant changes in beneficial ownership of Class A Common Stock, including performance share awards and RSU conversions.

Summary

• Bala Sathyanarayanan, EVP, Chief Human Resources Officer of Greif, Inc., reported transactions on January 14, 2026.
• Acquired 4,373 shares of Class A Common Stock through the exercise/conversion of derivative securities (Restricted Stock Units) at a price of $0.
• Disposed of 1,338 shares of Class A Common Stock for tax withholding purposes at a price of $0.
• Awarded 13,828 Performance Shares of Class A Common Stock under the Company's Long Term Incentive Plan, with no consideration paid and subject to a one-year transfer restriction.
• Disposed of an additional 4,540 shares of Class A Common Stock for tax withholding purposes at a price of $0.
• Beneficially own 50,144.3424 shares of Class A Common Stock directly following these transactions.
• Beneficially own 4,619 shares of Class B Common Stock directly.
• Beneficially own 18,250 Restricted Stock Units directly, each representing a contingent right to receive one share of Class A common stock on the third anniversary of the grant date.

Sentiment

Score: 7

Explanation: The filing indicates a significant award of performance shares to a key executive, which is generally a positive signal of management's alignment with shareholder interests and confidence in future company performance, despite some shares being withheld for taxes.

Positives

• Bala Sathyanarayanan was awarded 13,828 Performance Shares of Class A Common Stock, indicating alignment with company performance and future growth.
• Acquired 4,373 shares of Class A Common Stock through the conversion of Restricted Stock Units, increasing direct ownership.

Negatives

• Disposed of a total of 5,878 shares of Class A Common Stock (1,338 and 4,540 shares) for tax withholding purposes, reducing the immediate increase in beneficial ownership from awards and conversions.

Risks

• The 13,828 Performance Shares awarded are subject to a one-year restriction on transfer, limiting immediate liquidity for the reporting person.

Future Outlook

No specific forward-looking statements or guidance are provided in this Form 4 filing, as it primarily reports past insider transactions.

Industry Context

This Form 4 filing details an executive's stock transactions, which is a routine disclosure for publicly traded companies. It does not provide information directly related to broader industry trends or competitors, but rather reflects internal executive compensation and ownership structures within Greif, Inc.

Stakeholder Impact

• Shareholders: Increased executive ownership through performance share awards can align management's interests with those of shareholders, potentially fostering long-term value creation.
• Employees: The Colleague Stock Purchase Plan mentioned in the footnotes indicates a broader employee stock ownership program, which can positively impact employee engagement and retention.

Next Steps

• The 13,828 Performance Shares awarded are subject to a one-year restriction on transfer, after which they may become transferable.
• The remaining 18,250 Restricted Stock Units represent a contingent right to receive Class A common stock on the third anniversary of their grant date.

Key Dates

Keywords

Greif, GEF, Form 4, Insider Trading, Executive Compensation, Stock Ownership, Restricted Stock Units, Performance Shares, Class A Common Stock