Form 4: Greif Inc. EVP and CFO Lawrence A. Hilsheimer Reports Stock Purchases

Lawrence A. Hilsheimer, EVP and CFO of Greif, Inc., reported purchasing shares of Class B Common Stock on March 7, 2024.

Summary

• Lawrence A. Hilsheimer, the EVP and CFO of Greif, Inc., filed a Form 4 with the SEC on March 8, 2024.
• The report details changes in his beneficial ownership of Greif, Inc. stock.
• On March 7, 2024, Hilsheimer purchased 3,300 shares of Class B Common Stock at a price of $65.2045 per share.
• He also purchased 4,063 shares of Class B Common Stock at a weighted average price of $64.95 per share, with prices ranging from $64.75 to $65.00.
• Following these transactions, Hilsheimer directly owns 133,033 shares of Class B Common Stock and 81,818.3981 shares of Class A Common Stock.
• He also indirectly owns 1,236.3903 shares of Class A Common Stock through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Insider buying can be interpreted as a sign of confidence, but it's a single transaction and doesn't provide conclusive evidence.

Positives

• The purchases indicate a potential positive sentiment from the CFO regarding the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's future performance.

Stakeholder Impact

• The stock purchases by a key executive could positively influence investor sentiment.

Key Dates