EAF Form 4: 2,145 Vested DSUs, Post 1-for-10 Reverse Split
Rhea-AI Filing Summary
GrafTech International Ltd director Jean-Marc Germain reported receipt of 2,145.0858 deferred share units (DSUs) on 09/30/2025, each converting to one share of common stock. The filing notes DSUs are fully vested and will be settled in whole shares either upon termination of director service (no later than the end of that calendar year) or, if elected, in equal 20% annual installments over five years. The DSU amounts are shown on a post-split basis following the company's 1-for-10 reverse stock split effective 08/29/2025. After the transaction, the reporting person beneficially owned 15,262.7557 shares (direct). The Form 4 was signed by power of attorney on 10/02/2025.
Positive
- 2,145.0858 DSUs are fully vested, ensuring clear immediate entitlement to common shares
- DSU settlement terms are specified: immediate post-termination delivery or 20% annual installments
Negative
- 1-for-10 reverse stock split effective 08/29/2025 reduced share counts and required post-split adjustment of DSU amounts
Insights
Director received vested DSUs equivalent to 2,145.0858 shares; settlement and split noted.
The filing documents a routine equity compensation event: grant/accrual of 2,145.0858 DSUs that are fully vested and convert one-for-one into common shares. The disclosure clarifies settlement timing options—either upon termination (no later than year-end) or in 20% annual installments over five years depending on election.
The report also records a post-transaction beneficial ownership of 15,262.7557 shares and explicitly states the DSU amounts are adjusted for the company's 1-for-10 reverse stock split effective 08/29/2025. This is a standard director compensation disclosure and does not by itself indicate a change in control or extraordinary dilution.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Share Units | 2,145.086 | $0.00 | -- |
Footnotes (1)
- Each deferred share unit (DSU) represents a contingent right to receive one share of EAF common stock. On August 29, 2025, the Company effected a reverse stock split of the Company's issued common stock at a ratio of 1-for-10. As a result, the amount of DSUs reflected in this filing is on a post-split adjusted basis. 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.
