Form 4: Greif Inc. Director Karen Morrison Reports Acquisition of Phantom Stock Units

Director Karen Morrison reported acquiring 428.99 phantom stock units of Greif, Inc. on February 3, 2025, convertible to cash upon termination from the board.

Summary

• On February 3, 2025, Karen Morrison, a director of Greif, Inc., acquired 428.99 phantom stock units.
• These phantom stock units are the economic equivalent of Class A Common Stock of Greif, Inc.
• The acquisition price was $61.19 per unit.
• These units will be settled in cash upon Morrison's termination from the Board due to retirement, death, or other reasons.
• The transaction was reported on February 5, 2025.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a standard transaction. It doesn't indicate positive or negative sentiment, but rather provides information about insider activity.

Future Outlook

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

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, as the value of the units is tied to the company's stock performance.

Key Dates