GrafTech (NYSE: EAF) director awarded 11,173 deferred stock units vesting in 2026

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 a grant of 11,173.1844 Deferred Restricted Stock Units (DRSUs). Each DRSU represents a contingent right to receive one share of EAF common stock. Following this award, he holds 24,853.1844 DRSUs directly.

The DRSUs generally vest on November 7, 2026. Once vested, they will be settled in whole shares of common stock and delivered either in a single lump after his board service ends or in five annual 20% installments, depending on his prior election.

Insights

Equity compensation analyst

Routine director equity grant via deferred restricted stock units.

Director Sachin M. Shivaram received 11,173.1844 Deferred Restricted Stock Units, a common non-cash form of board compensation. Each unit represents a right to one share of common stock, aligning director interests with shareholders over time.

The units vest on November 7, 2026, with settlement in stock after board service ends, either in a lump sum or 20% annually over five years. This timing and structure suggest standard deferral and retention incentives rather than an active market transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shivaram Sachin M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Restricted Stock Units	11,173.184	$0.00	--

Holdings After Transaction: Deferred Restricted Stock Units — 24,853.184 shares (Direct, null)

Footnotes (1)

1. Each deferred restricted stock unit (DRSU) represents a contingent right to receive one share of EAF common stock. The DRSUs generally vest on November 7, 2026. Vested DRSUs 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 DRSU's were granted or accrued.

Key Figures

DRSUs granted: 11,173.1844 units Total DRSUs after grant: 24,853.1844 units Grant price per unit: $0.0000 per unit +3 more

6 metrics

DRSUs granted 11,173.1844 units Deferred Restricted Stock Units granted to director on May 7, 2026

Total DRSUs after grant 24,853.1844 units Director’s Deferred Restricted Stock Unit balance following transaction

Grant price per unit $0.0000 per unit Reported transaction price for the DRSU award

Underlying common shares 11,173.1844 shares Common stock underlying the new DRSU award

Vesting date November 7, 2026 General vesting date for the granted DRSUs

Settlement structure Lump sum or 5 annual installments Stock delivery after director’s service ends, based on prior election

Key Terms

Deferred Restricted Stock Units, contingent right, vest, settled in whole shares, +1 more

5 terms

Deferred Restricted Stock Units financial

"Each deferred restricted stock unit (DRSU) represents a contingent right to receive one share"

Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.

contingent right financial

"represents a contingent right to receive one share of EAF common stock"

vest financial

"The DRSUs generally vest on November 7, 2026."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

settled in whole shares financial

"Vested DRSUs will be settled in whole shares of common stock"

deferred compensation financial

"The DRSUs are structured as deferred equity compensation for board service"

Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.

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)
05/07/2026

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 Restricted Stock Units	(1)	05/07/2026		A		11,173.1844		(2)	(2)	Common Stock	11,173.1844	$0	24,853.1844	D

Explanation of Responses:

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

2. The DRSUs generally vest on November 7, 2026. Vested DRSUs 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 DRSU's were granted or accrued.

Remarks:

	/s/ Andrew J. Renacci, by power of attorney	05/11/2026
	** 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 on this Form 4?

He reported receiving 11,173.1844 Deferred Restricted Stock Units as a grant. These units are a form of equity compensation that convert into common shares later, increasing his total DRSU holdings to 24,853.1844 units after the transaction.

How many GrafTech Deferred Restricted Stock Units does Sachin M. Shivaram now hold?

After the latest grant, he holds a total of 24,853.1844 Deferred Restricted Stock Units. Each DRSU represents a contingent right to receive one share of GrafTech common stock, subject to vesting and settlement conditions described in the Form 4 footnotes.

When do Sachin M. Shivaram’s new GrafTech DRSUs vest?

The newly granted Deferred Restricted Stock Units generally vest on November 7, 2026. Vesting means the units become earned, after which they are eligible to be settled in whole shares of GrafTech common stock under the specified distribution schedule.

How will the vested GrafTech DRSUs be settled for Sachin M. Shivaram?

Vested DRSUs will be settled in whole shares of GrafTech common stock. Delivery occurs either shortly after his service as a director ends, within that calendar year, or in equal 20% installments over five years, depending on his prior distribution election.

Is Sachin M. Shivaram buying or selling GrafTech stock in this Form 4?

This Form 4 shows an acquisition through a grant, not a market trade. He received 11,173.1844 Deferred Restricted Stock Units as director compensation, with a reported grant price of $0.0000 per unit, so no open-market buying or selling occurred here.

What does a GrafTech Deferred Restricted Stock Unit represent for the director?

Each Deferred Restricted Stock Unit represents a contingent right to receive one share of EAF common stock. The right becomes effective after vesting and is then settled in stock at or after the end of the director’s board service, following his chosen payout schedule.