Form 4: Greif Inc. Director, Karen Morrison, Receives Restricted Stock Award

Director Karen Morrison received a restricted stock award of 2,247 shares of Class A Common Stock from Greif, Inc. on February 26, 2024.

Summary

• Karen Morrison, a director of Greif, Inc., received a restricted stock award on February 26, 2024.
• The award consisted of 2,247 shares of Class A Common Stock.
• The shares were awarded under the issuer's outside directors' equity award plan.
• Following the transaction, Morrison beneficially owns 6,732 shares of Class A Common Stock.
• The restricted stock is subject to restrictions until February 26, 2027, or Morrison's earlier termination from the board.

Sentiment

Score: 7

Explanation: The document reflects a routine equity award to a director, indicating stable corporate governance practices. The sentiment is neutral to slightly positive.

Positives

• The restricted stock award aligns the director's interests with the long-term performance of the company.
• The award is part of the issuer's outside directors' equity award plan, suggesting a structured approach to director compensation.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This type of equity compensation is common for directors of publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Granting restricted stock to outside directors is a standard practice among publicly traded companies to incentivize and retain board members.
• The vesting period of approximately three years is also typical for such awards.
• Comparing the size of the grant to those of directors at similarly sized packaging companies would provide further context.

Stakeholder Impact

• The restricted stock award aligns the director's interests with those of shareholders.
• The award does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates