Form 4: Greif Inc. Director Robert M. Patterson Receives Restricted Stock Award

Director Robert M. Patterson acquired 2,668 shares of Greif Inc. Class A Common Stock as a restricted stock award on February 24, 2025.

Summary

• On February 24, 2025, Robert M. Patterson, a director of Greif, Inc., acquired 2,668 shares of Class A Common Stock.
• The acquisition was a restricted stock award with a price of $0 per share.
• Following the transaction, Patterson directly owns 28,850 shares of Class A Common Stock.
• The shares are subject to restrictions until February 24, 2028, or Patterson's termination from the board.

Sentiment

Score: 7

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

Positives

• The restricted stock award aligns the director's interests with the long-term performance of the company.
• The director's increased stake in the company could signal confidence in Greif, Inc.'s future prospects.

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 to 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 typical component of director compensation, vesting over a period of years to incentivize long-term commitment.
• The size of the award is likely benchmarked against peer companies and the director's level of responsibility.

Stakeholder Impact

• The restricted stock award aligns the director's interests with those of the shareholders.
• This type of compensation can incentivize directors to make decisions that benefit the company's long-term performance.

Key Dates