Form 4: Greif Inc. Executive Tina R. Schoner Reports Stock Transactions

Tina R. Schoner, SVP and Chief Supply Chain Officer at Greif Inc., reported multiple transactions involving Class A Common Shares and Restricted Stock Units on January 16, 2025.

Summary

• Tina R. Schoner, a Senior Vice President and Chief Supply Chain Officer at Greif Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On January 16, 2025, Ms. Schoner acquired 2,423 Class A Common Shares through the vesting of Restricted Stock Units.
• She also acquired 6,801 Class A Common Shares as performance shares under the company's Long Term Incentive Plan.
• Additionally, she disposed of 776 and 2,311 Class A Common Shares to cover tax obligations related to the vesting of the Restricted Stock Units and performance shares.
• Following these transactions, Ms. Schoner directly owns 7,137 Class A Common Shares and 8,862 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative sentiment. The transactions are routine and expected.

Positives

• The vesting of Restricted Stock Units and the awarding of performance shares indicate that Ms. Schoner is meeting performance targets set by the company.
• The transactions show that Ms. Schoner has a significant stake in the company's success.

Negatives

• The disposal of shares to cover tax obligations reduces Ms. Schoner's overall holdings in the company.

Risks

• The value of the shares is subject to market fluctuations, which could impact the value of Ms. Schoner's holdings.
• Future performance share awards are contingent on the company's performance and may not be granted if targets are not met.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive and is common practice for publicly traded companies. It provides transparency into the ownership structure and executive compensation practices.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and the transactions reported are typical for executive compensation packages.
• Companies like International Paper and WestRock, which are also in the packaging industry, would have similar filings for their executives.
• The vesting of restricted stock units and performance shares is a common method of aligning executive interests with shareholder value.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they align executive interests with company performance.
• The transactions have a minor impact on the executive's personal wealth.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Performance Shares, Greif Inc., Executive Compensation, Equity Securities