Form 4: Greif Inc. Executive Acquires 12,320 Restricted Stock Units

Lawrence A. Hilsheimer, EVP and CFO of Greif Inc., acquired 12,320 restricted stock units, each representing a contingent right to receive one share of Class A common stock.

Summary

• Lawrence A. Hilsheimer, the Executive Vice President and Chief Financial Officer of Greif Inc., has acquired 12,320 restricted stock units.
• These restricted stock units were granted on December 13, 2024.
• Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
• The shares will be received on the third anniversary of the grant date.
• Following this transaction, Mr. Hilsheimer directly owns 47,184 restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns executive interests with shareholder value. There are no negative implications.

Positives

• The acquisition of restricted stock units by a key executive like the CFO can be seen as a positive sign of confidence in the company's future performance.

Future Outlook

The restricted stock units will vest on the third anniversary of the grant date, at which point they will convert to Class A common stock.

Industry Context

This type of stock-based compensation is common for executives in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Granting restricted stock units to executives is a standard practice across many industries, including packaging and industrial manufacturing, to incentivize performance and retention.
• Companies like International Paper and WestRock also use similar equity-based compensation plans for their executives.
• The vesting period of three years is also a common practice to ensure long-term commitment from the executive.

Stakeholder Impact

• The acquisition of restricted stock units by the CFO could positively impact shareholder confidence by aligning executive interests with company performance.

Key Dates

Keywords

restricted stock units, executive compensation, insider trading, Greif Inc., Class A common stock, Lawrence A. Hilsheimer, EVP, CFO