What does a Deferred Share Unit mean for GrafTech (EAF) directors?

A Deferred Share Unit for GrafTech directors represents a contingent right to receive one EAF common share in the future. These DSUs are typically granted as part of board compensation and align director interests with long-term shareholder value through deferred equity.

When will Jean-Marc Germain’s EAF Deferred Share Units be settled into shares?

His DSUs will be settled in EAF common stock after he ceases serving as a director. They are delivered either in a lump sum in the year his service ends or in five equal annual installments, based on his prior election for that director year.

Are the Deferred Share Units in this GrafTech (EAF) filing vested?

Yes, the filing states the Deferred Share Units are fully vested. Although vested, the units are not settled immediately; they convert into EAF common shares only after Germain’s board service ends, according to his chosen payout schedule.

GrafTech (NYSE: EAF) director receives grant of deferred share units

Q: How many Deferred Share Units does Jean-Marc Germain hold after this EAF Form 4?

After the grant, Jean-Marc Germain holds 21,460.5841 Deferred Share Units directly. Each DSU represents a contingent right to receive one share of GrafTech (EAF) common stock, giving him deferred equity exposure tied to his board service.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Germain Jean-Marc reported acquisition or exercise transactions in this Form 4 filing.

GrafTech International director Jean-Marc Germain received a grant of 4,424.7788 Deferred Share Units as part of his board compensation. Following this award, he holds 21,460.5841 Deferred Share Units directly. Each DSU is fully vested and represents a contingent right to receive one share of EAF common stock. The DSUs will be settled in whole shares after he leaves the board, either in a single delivery in the year of termination or in five annual 20% installments, depending on his prior election.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Germain Jean-Marc

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Units	4,424.779	$0.00	--

Holdings After Transaction: Deferred Share Units — 21,460.584 shares (Direct)

Footnotes (1)

Each deferred share unit (DSU) represents a contingent right to receive one share of EAF common stock. DSUs are fully vested. Vested deferred share units will be settled in whole shares of common stock which will be delivered to the reporting person either (1) as soon as practicable after the reporting person terminates service as a director of the company but in any event no later than the end of the calendar year in which such termination date occurs, or (2) in substantially equal 20% installments on the first five annual anniversaries of the date of termination of the reporting person's service as director, depending on the reporting person's election for the director year in which the DSU's were granted or accrued.

Key Figures

Deferred Share Units granted: 4,424.7788 units Total Deferred Share Units after grant: 21,460.5841 units DSU-to-share ratio: 1 DSU : 1 share

3 metrics

Deferred Share Units granted 4,424.7788 units Award to director Jean-Marc Germain on March 31, 2026

Total Deferred Share Units after grant 21,460.5841 units Director Jean-Marc Germain’s direct holdings following the transaction

DSU-to-share ratio 1 DSU : 1 share Each deferred share unit equals one EAF common share

Key Terms

Deferred Share Units, contingent right, fully vested, installments

4 terms

contingent right financial

"Each deferred share unit (DSU) represents a contingent right to receive one share of EAF common stock."

fully vested financial

"DSUs are fully vested. Vested deferred share units will be settled in whole shares of common stock..."

installments financial

"...or (2) in substantially equal 20% installments on the first five annual anniversaries of the date of termination..."

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 11:46 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Germain Jean-Marc

(Last)

(First)

(Middle)

C/O GRAFTECH INTERNATIONAL LTD.

982 KEYNOTE CIRCLE

(Street)

BROOKLYN HEIGHTS

OHIO

44131

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GRAFTECH INTERNATIONAL LTD [ EAF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Share Units	⁽¹⁾	03/31/2026		A		4,424.7788		⁽²⁾	⁽²⁾	Common Stock	4,424.7788	$0	21,460.5841	D

Explanation of Responses:

1. Each deferred share unit (DSU) represents a contingent right to receive one share of EAF common stock.

2. DSUs are fully vested. Vested deferred share units will be settled in whole shares of common stock which will be delivered to the reporting person either (1) as soon as practicable after the reporting person terminates service as a director of the company but in any event no later than the end of the calendar year in which such termination date occurs, or (2) in substantially equal 20% installments on the first five annual anniversaries of the date of termination of the reporting person's service as director, depending on the reporting person's election for the director year in which the DSU's were granted or accrued.

Remarks:

	/s/ Andrew J. Renacci, by power of attorney	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did GrafTech (EAF) report for Jean-Marc Germain?

GrafTech reported that director Jean-Marc Germain received 4,424.7788 Deferred Share Units as a grant. This is a compensation-related award, not an open-market purchase or sale, and increases his deferred right to receive EAF common shares in the future.