Form 4: Greif Inc. Executive Tina R. Schoner Reports Acquisition of Restricted Stock Units

Tina R. Schoner, SVP Chief Supply Chain Officer at Greif Inc., acquired 3,132 restricted stock units, each representing a contingent right to receive one share of Class A common stock.

Summary

• Tina R. Schoner, a Senior Vice President and Chief Supply Chain Officer at Greif Inc., has reported the acquisition of 3,132 restricted stock units.
• These restricted stock units were granted on December 13, 2024.
• Each 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, Ms. Schoner directly owns 11,285 restricted stock units.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of stock unit grants, which is generally neutral to positive as it aligns executive interests with company performance. There are no negative implications.

Positives

• The acquisition of restricted stock units aligns Ms. Schoner's interests with the long-term performance of the company.
• The vesting period of three years encourages long-term commitment from the executive.

Industry Context

This is a standard SEC Form 4 filing, which is common for executives receiving stock-based compensation. It reflects standard practice in corporate governance and executive compensation.

Comparison to Industry Standards

• The use of restricted stock units is a common practice for executive compensation across various industries, including manufacturing and packaging, where Greif Inc. operates.
• Many companies in the S&P 500 use similar equity-based compensation plans to align executive interests with shareholder value.
• The three-year vesting period is also a typical timeframe for such grants, aligning with long-term strategic goals.

Stakeholder Impact

• The grant of restricted stock units to a key executive can be seen positively by shareholders as it aligns management's interests with the long-term success of the company.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

restricted stock units, Form 4, insider trading, executive compensation, Greif Inc., GEF, GEF-B, Tina R. Schoner, Class A common stock