Form 4: Greif Senior VP Boosts Stake with Stock Awards

Greif's Senior VP and General Counsel, Leonard Dennis Hoffman Jr., increased his direct beneficial ownership of Class A Common Stock through performance share awards and RSU conversions.

Summary

• Leonard Dennis Hoffman Jr., Senior VP and General Counsel of Greif, Inc. (GEF, GEF-B), reported several transactions on January 14, 2026.
• He acquired 1,391 shares of Class A Common Stock through the conversion of Restricted Stock Units (RSUs).
• He was awarded 3,299 shares of Class A Common Stock as performance shares under the company's Long Term Incentive Plan, with no consideration paid.
• A total of 1,423 shares of Class A Common Stock were disposed of (462 shares and 961 shares) for tax withholding purposes related to these transactions.
• Following these reported transactions, his direct beneficial ownership of Class A Common Stock increased to 15,389 shares.
• He also directly beneficially owns 7,962 Restricted Stock Units and 200 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The filing indicates an increase in executive ownership through compensation awards, which is generally a positive signal of management alignment, though offset by routine tax-related dispositions.

Positives

• Acquisition of 1,391 Class A Common Stock shares from RSU conversion, indicating the vesting of previously granted compensation.
• Award of 3,299 Class A Common Stock shares as performance shares, reflecting achievement of performance targets under the Long Term Incentive Plan.
• Overall increase in direct beneficial ownership of Class A Common Stock to 15,389 shares, enhancing alignment with shareholder interests.

Negatives

• Disposition of 1,423 Class A Common Stock shares (462 and 961 shares) for tax withholding purposes, which is a common practice but reduces the direct share count.

Risks

• The 3,299 performance shares awarded are subject to a one-year restriction on transfer.

Future Outlook

Remaining Restricted Stock Units represent a contingent right to receive one share of Class A common stock on the third anniversary of their grant date.

Management Comments

• No direct quotes from management were provided in this Form 4 filing.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, common across all publicly traded industries, reflecting executive compensation and ownership changes. It does not provide specific industry-related insights beyond the company's internal compensation practices.

Related Party Transactions

• The award of performance shares and conversion of restricted stock units to the Senior VP and General Counsel are considered related party transactions as they involve compensation to an executive officer.

Stakeholder Impact

• Increased direct beneficial ownership by a senior executive may signal stronger alignment of management interests with those of shareholders.

Next Steps

• Future vesting of remaining Restricted Stock Units on their respective third anniversaries of grant dates.

Key Dates

Recommendation

This Form 4 reports routine executive compensation activities, including the vesting of restricted stock units and the award of performance shares, alongside tax-related dispositions. While the increase in beneficial ownership is a positive signal of management alignment, these transactions are standard and do not provide new fundamental information to warrant a change in investment recommendation.

Keywords

Greif, GEF, Form 4, insider transaction, stock award, RSU conversion, performance shares, beneficial ownership, executive compensation