GrafTech (NYSE: EAF) grants director 4,240 deferred share units

Rhea-AI Filing Summary

Shivaram Sachin M reported acquisition or exercise transactions in this Form 4 filing.

GRAFTECH INTERNATIONAL LTD director Sachin M. Shivaram received 4,240.413 Deferred Share Units as a compensation award. Each Deferred Share Unit (DSU) represents a contingent right to receive one share of EAF common stock. After this grant, he holds 14,275.6455 DSUs directly.

The DSUs are fully vested but will only be settled in whole shares of common stock after he terminates service as a director, and no later than the end of the calendar year in which that termination occurs. This is a non-cash, equity-based award rather than an open-market share purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shivaram Sachin M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Units	4,240.413	$0.00	--

Holdings After Transaction: Deferred Share Units — 14,275.646 shares (Direct)

Footnotes (1)

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 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.

Key Figures

Deferred Share Units granted: 4,240.413 units DSU holdings after grant: 14,275.6455 units Underlying common stock per DSU: 1 share per unit +1 more

4 metrics

Deferred Share Units granted 4,240.413 units Grant of DSUs to director on March 31, 2026

DSU holdings after grant 14,275.6455 units Total Deferred Share Units held directly after transaction

Underlying common stock per DSU 1 share per unit Each DSU represents a contingent right to one EAF share

Transaction price per DSU $0.0000 Equity compensation grant, not an open-market purchase

Key Terms

Deferred Share Units, contingent right, fully vested, settled in whole shares

4 terms

Deferred Share Units financial

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

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

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."

settled in whole shares financial

"Vested deferred share units will be settled in whole shares of common stock which will be delivered to the reporting person..."

Form 4 Insider Transactions: What Each Field Means →

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^*

Shivaram Sachin M

(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)
			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)	03/31/2026		A		4,240.413		(2)	(2)	Common Stock	4,240.413	$0	14,275.6455	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 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.

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)

FAQ

What did GrafTech (EAF) director Sachin M. Shivaram report in this Form 4?

He reported receiving 4,240.413 Deferred Share Units as a compensation award. These units are tied to GrafTech common stock and increase his equity-based stake without involving an open-market stock purchase or sale.

How many Deferred Share Units does the GrafTech (EAF) director hold after this grant?

After the grant, the director holds 14,275.6455 Deferred Share Units. Each unit represents a contingent right to receive one share of GrafTech common stock, providing long-term, stock-linked compensation aligned with shareholder interests.

What is a Deferred Share Unit (DSU) in the context of GrafTech (EAF)?

A Deferred Share Unit represents a contingent right to receive one share of GrafTech common stock. DSUs are typically used as equity compensation for directors, aligning their interests with shareholders without immediate cash or share delivery.

When will GrafTech (EAF) Deferred Share Units be settled into common stock?

The vested Deferred Share Units will be settled in whole shares of common stock after the director terminates service. They must be delivered no later than the end of the calendar year in which that termination date occurs.

Does this GrafTech (EAF) Form 4 show an open-market stock purchase or sale?

No, the Form 4 shows a grant of Deferred Share Units as compensation. It is classified as a grant or award acquisition, not an open-market buy or sell transaction in GrafTech common stock.

How do GrafTech (EAF) DSUs affect director-shareholder alignment?

DSUs link director compensation directly to GrafTech’s share value because each unit converts into one share. Settlement after board service encourages a longer-term focus on company performance and shareholder outcomes.