STOCK TITAN

GEF Form 4: Director Reports 1,745.762 Cash-Settled Phantom Units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Greif, Inc. director Rose B. Andrew reported acquisition of 1,745.762 phantom stock units on 10/01/2025. Each phantom unit is the economic equivalent of one share of Class A Common Stock and the units are to be settled in cash either on a future fixed date chosen by the reporting person or upon the reporting persons termination from the Board due to retirement, death, disability or other reason. The transaction record shows a transaction price of $16.21 and the Form 4 was filed under power of attorney on 10/02/2025. The filing identifies the reporting person as a Director of Greif and reports the beneficial ownership level after the reported transaction as 1,745.762 units.

Positive

  • Director purchase: 1,745.762 phantom units acquired on 10/01/2025, showing director-level participation
  • Cash-settled structure: units are economic equivalents of Class A Common Stock, avoiding immediate dilution

Negative

  • None.

Insights

Director acquired 1,745.762 phantom units; settlement is cash-based.

The reporting person, Rose B. Andrew, recorded an acquisition of 1,745.762 phantom stock units on 10/01/2025, which are economically equivalent to one share of Class A Common Stock each.

The units are cash-settled upon the earlier of a future fixed date chosen by the reporting person or the reporting person's termination from the Board, per the filing. This means the award affects cash obligations rather than new share issuance.

Monitor the chosen settlement date or any Board departure for timing of cash payout.

Insider ROSE B ANDREW
Role Director
Type Security Shares Price Value
Grant/Award (Phantom Stock Units (Cash Only Rights) 16.21 $59.76 $968.71
Holdings After Transaction: (Phantom Stock Units (Cash Only Rights) — 1,745.762 shares (Direct)
Footnotes (1)
  1. Each phantom stock unit is the economic equivalent of one share of Class A Common Stock of Greif, Inc. The phantom stock units are to be settled in cash upon the earlier of (i) a future fixed date designated by the Reporting Person made at the time of the deferral election, or (ii) the Reporting Person's termination from the Board due to his retirement, death, disability or other reason.
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).
1. Name and Address of Reporting Person*
ROSE B ANDREW

(Last) (First) (Middle)
425 WINTER RD.

(Street)
DELAWARE OH 43015

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GREIF, INC [ GEF, GEF-B ]
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)
10/01/2025
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
(Phantom Stock Units (Cash Only Rights) $0(1) 10/01/2025 A 16.21 (2) (2) Class A Common Stock 16.21 $59.76 1,745.762 D
Explanation of Responses:
1. Each phantom stock unit is the economic equivalent of one share of Class A Common Stock of Greif, Inc.
2. The phantom stock units are to be settled in cash upon the earlier of (i) a future fixed date designated by the Reporting Person made at the time of the deferral election, or (ii) the Reporting Person's termination from the Board due to his retirement, death, disability or other reason.
B. Andrew Rose by L. Dennis Hoffman, Jr. pursuant to a POA filed with the Commission. 10/02/2025
** 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 did Greif director Rose B. Andrew report on Form 4 (GEF)?

The Form 4 reports acquisition of 1,745.762 phantom stock units on 10/01/2025 and shows the reporting persons role as a Director.

How are the phantom stock units settled according to the filing?

The filing states each unit is the economic equivalent of one share and will be settled in cash on either a future fixed date designated by the reporting person or upon the reporting persons termination from the Board.

What transaction price is shown for the reported acquisition?

The record shows a transaction figure of $16.21 associated with the reported units.

When was the Form 4 filed and who signed it?

The Form 4 shows a filing date of 10/02/2025 and was submitted by B. Andrew Rose through L. Dennis Hoffman, Jr. under a power of attorney.

Do the phantom units represent actual shares of GEF stock?

No; the filing explains each phantom stock unit is the economic equivalent of one share of Class A Common Stock but will be settled in cash, not issued as shares.