GrafTech (NYSE: EAF) director reports new 1,773 DSU award and total 17,036 units

Rhea-AI Filing Summary

GrafTech International Ltd. director equity award reported

A director of GrafTech International Ltd. (EAF) reported an acquisition of deferred share units as part of director compensation. On 12/31/2025, the director acquired 1,773.0496 deferred share units (DSUs), each representing a contingent right to receive one share of EAF common stock. Following this transaction, the director held 17,035.8053 DSUs in total.

The DSUs are fully vested and will be settled in whole shares of common stock. Delivery will occur either after the director’s service with the company ends, no later than the end of the calendar year in which termination occurs, or in substantially equal 20% installments on the first five annual anniversaries of that termination date, depending on the director’s prior election for the year in which the DSUs were granted or accrued.

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 OH 44131

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Share Units	(1)	12/31/2025		A		1,773.0496		(2)	(2)	Common Stock	1,773.0496	$0	17,035.8053	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 DSUs were granted or accrued.

Remarks:

	/s/ Andrew J. Renacci, by power of attorney	01/05/2026
	** 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.

FAQ

What insider transaction did GrafTech (EAF) report in this Form 4?

A GrafTech International Ltd. director reported acquiring 1,773.0496 deferred share units (DSUs) on 12/31/2025, increasing their total DSU holdings to 17,035.8053.

What is a deferred share unit (DSU) in the GrafTech (EAF) director filing?

Each deferred share unit (DSU) represents a contingent right to receive one share of EAF common stock, as described in the filing’s explanation of responses.

When will the GrafTech (EAF) director receive common stock for these DSUs?

Vested DSUs will be settled in whole shares of common stock delivered either as soon as practicable after the director’s service terminates (and no later than the end of that calendar year) or in substantially equal 20% installments on the first five annual anniversaries of the termination date, depending on the director’s election.

Are the GrafTech (EAF) director’s deferred share units vested?

Yes. The filing states that the DSUs are fully vested, meaning the director’s right to receive shares in the future has already been earned, subject to the settlement timing rules.

Does this GrafTech (EAF) insider transaction involve cash or only equity-settled units?

The reported transaction involves deferred share units that will be settled in shares of EAF common stock, with the price of the derivative security listed as $ 0 in the table.

What ownership form is reported for the GrafTech (EAF) director’s DSUs?

The table shows 17,035.8053 derivative securities (DSUs) beneficially owned following the transaction, reported as Direct (D) ownership.