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

Director Robert M. Patterson of Greif, Inc. was granted a restricted stock award on February 26, 2024, under the company's outside directors' equity award plan.

Summary

• Robert M. Patterson, a director of Greif, Inc., received a restricted stock award on February 26, 2024.
• The award consists of 2,247 shares of Class A Common Stock.
• The shares were granted at a price of $0.
• Following the transaction, Patterson beneficially owns 26,182 shares of Class A Common Stock.
• The restricted stock is subject to restrictions until February 26, 2027, or Patterson's earlier termination from the board.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with shareholders.

Positives

• The restricted stock award aligns the director's interests with the long-term performance of the company.
• The award was made pursuant to the terms of the Issuer's outside directors' equity award plan.

Industry Context

Granting stock awards to directors is a common practice to incentivize and align their interests with the company's long-term success and shareholder value.

Stakeholder Impact

• The 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