Form 4: Greif Inc. Director, Karen Morrison, Reports Stock Award and Phantom Stock Unit Acquisition
SEC Form 4 Filing
Director Karen Morrison reports receiving a restricted stock award and acquiring phantom stock units in Greif, Inc.
Summary
- Karen Morrison, a director of Greif, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 24, 2025, Morrison acquired 2,668 shares of Class A Common Stock as a restricted stock award at $0 cost.
- These shares are restricted until February 24, 2028, or her termination from the board.
- Morrison also acquired 201.06 phantom stock units, each equivalent to one share of Class A Common Stock, at a price of $59.95.
- These phantom shares will be settled in cash upon her termination from the board.
- Following these transactions, Morrison beneficially owns 9,400 shares of Class A Common Stock and 630.05 phantom stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a standard regulatory filing related to director compensation. There are no indications of positive or negative events impacting the company's outlook.
Positives
- The stock award and phantom stock unit acquisition reflect ongoing director compensation and alignment with shareholder interests.
Future Outlook
The document does not contain specific forward-looking statements regarding the company's future performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates standard compensation practices for board members.
Comparison to Industry Standards
- Director compensation packages often include a mix of cash, stock options, and restricted stock awards.
- Phantom stock units are a common way to provide long-term incentives to directors, aligning their interests with those of shareholders.
- Comparing Morrison's compensation package to those of directors at similar-sized companies in the packaging industry (e.g., Sonoco Products Company, Berry Global Group) would provide a benchmark for assessing its competitiveness.
Stakeholder Impact
- The stock award and phantom stock units align the director's interests with those of shareholders, incentivizing long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of restricted stock award and phantom stock unit acquisition. |
| 02/24/2028 | Date restrictions on stock award shares lift, contingent on continued board service. |
| 02/26/2025 | Date of Form 4 signature. |
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