Form 4: Greif Inc. Director Jillian C. Evanko Receives Restricted Stock Award

Director Jillian C. Evanko received a restricted stock award of 1,465 Class A Common Stock shares from Greif, Inc. on June 4, 2024.

Summary

• On June 4, 2024, Jillian C. Evanko, a director of Greif, Inc., was granted a restricted stock award.
• The award consists of 1,465 shares of Class A Common Stock.
• The shares were awarded at a price of $0 per share, reflecting their nature as a grant.
• These shares are subject to restrictions until June 4, 2027, or the director's earlier termination from the board due to retirement, death, or other reasons.
• Following the transaction, Ms. Evanko beneficially owns 1,465 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard director compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive.

Positives

• The restricted stock award aligns the director's interests with the long-term performance of the company.
• The vesting period encourages continued service on the board.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Restricted stock awards are a common form of compensation for directors, aligning their interests with shareholders and incentivizing long-term value creation. This practice is widespread among publicly traded companies to attract and retain qualified board members.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash retainers, meeting fees, and equity awards.
• The size and vesting schedule of the restricted stock award are likely benchmarked against peer companies in the industrial packaging sector.
• Companies like Sonoco Products Company (SON) and Berry Global Group (BERY) also utilize equity-based compensation for their directors.

Stakeholder Impact

• Shareholders may view the restricted stock award positively as it aligns the director's interests with long-term company performance.
• The award does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates