Form 4: Greif Inc. Director Kimberly Thompson Scott Receives Restricted Stock Award

Director Kimberly Thompson Scott received a restricted stock award from Greif, Inc. on February 26, 2024.

Summary

• On February 26, 2024, Kimberly Thompson Scott, a director of Greif, Inc., received a restricted stock award of 2,247 shares of Class A Common Stock.
• The award was granted under the issuer's outside directors' equity award plan.
• These shares are subject to restrictions until February 26, 2027, or the director's earlier termination from the board due to retirement, death, or other reasons.
• Following the transaction, Ms. Scott beneficially owns 6,732 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard director compensation practice, indicating stability and alignment of interests. It's a neutral-positive event.

Positives

• The restricted stock award aligns the director's interests with the long-term performance of the company.
• The award is part of the company'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 regarding the company's future performance.

Industry Context

This type of equity compensation is common for directors of publicly traded companies to incentivize them and align their interests with shareholders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Restricted stock awards are a standard component of director compensation in publicly traded companies like Greif, Inc.
• The vesting period of three years is a typical timeframe for such awards, aligning with industry norms for director equity grants.
• Comparing Greif's director compensation structure with that of similar-sized companies in the packaging and industrial sectors (e.g., Sonoco Products Company, Berry Global Group) would provide further context.

Stakeholder Impact

• The restricted stock award aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.
• The award has a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates