Form 4: Greif Inc. EVP and CFO Lawrence A. Hilsheimer Reports Stock Transactions
SEC Form 4 Filing
Lawrence A. Hilsheimer, EVP and CFO of Greif Inc., reports multiple transactions involving Class A and Class B Common Stock.
Summary
- On March 5, 2024, Lawrence A. Hilsheimer sold 9,978 shares of Class A Common Stock at $62.9074 per share.
- He also sold 100 shares of Class A Common Stock at $63.2342 per share on the same day.
- An additional 8,134 shares of Class A Common Stock were sold at a weighted average price of $63.401 per share, with prices ranging from $63.315 to $63.550.
- Further sales included 28,919 shares of Class A Common Stock at a weighted average price of $62.6817 per share, with prices ranging from $62.295 to $63.280.
- On March 6, 2024, Hilsheimer purchased 3,000 shares of Class B Common Stock at $64.1877 per share.
- He also purchased 3,898 shares of Class B Common Stock at a weighted average price of $64.19 per share, with prices ranging from $63.575 to $64.56.
- An additional 4,602 shares of Class B Common Stock were purchased at a weighted average price of $64.71 per share, with prices ranging from $64.57 to $65.00.
- Following these transactions, Hilsheimer directly owns 125,670 shares of Class B Common Stock and 81,818.3981 shares of Class A Common Stock, and indirectly owns 1,236.3903 shares of Class A Common Stock through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
Executive stock transactions are a common occurrence and are publicly disclosed to ensure transparency and prevent insider trading. These transactions can be influenced by various factors, including personal financial planning and company performance.
Stakeholder Impact
- Shareholders may be interested in these transactions as they provide insight into management's perspective on the company's stock value.
- The transactions themselves may have a minor impact on the stock price due to the volume of shares traded.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Sale of Class A Common Stock |
| 03/06/2024 | Purchase of Class B Common Stock |
| 03/07/2024 | Date of signature by L. Dennis Hoffman, Jr. pursuant to a POA filed with the Commission |
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