[Form 4] GREIF, INC Insider Trading Activity

Rhea-AI Filing Summary

Greif, Inc. executive Sathyanarayanan Bala reported multiple equity transactions on January 14, 2026. A total of 4,373 restricted stock units were converted into the same number of shares of Class A common stock at $0 per share. Shares were then withheld in two separate transactions of 1,338 and 4,540 Class A shares, each at $0, to cover obligations such as taxes.

The reporting person also received 13,828 Class A common shares as performance shares under the company’s Long Term Incentive Plan, with no cash paid, and these shares carry a one-year transfer restriction. Following these transactions, Bala directly beneficially owned 50,144.3424 shares of Class A common stock, 4,619 shares of Class B common stock, and 18,250 restricted stock units, some of which were acquired through the colleague stock purchase plan and prior awards.

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

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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^*

Sathyanarayanan Bala

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Human Resources Off

3. Date of Earliest Transaction (Month/Day/Year)
01/14/2026

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
Class A Common Stock	01/14/2026		M		4,373	A	$0	42,194.3424(1)	D
Class A Common Stock	01/14/2026		F		1,338	D	$0	40,856.3424	D
Class A Common Stock	01/14/2026		A		13,828(2)	A	$0	54,684.3424	D
Class A Common Stock	01/14/2026		F		4,540	D	$0	50,144.3424	D
Class B Common Stock								4,619	D

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
Restricted Stock Unit(3)	$0(3)	01/14/2026		M			4,373	(3)	(3)	Class A Common Stock	4,373	$0	18,250	D

Explanation of Responses:

1. Includes 96.7332 shares of Class A Common Stock acquired under the Greif, Inc. Colleague Stock Purchase Plan.

2. Performance Shares awarded pursuant to the Company's Long Term Incentive Plan. No consideration was paid by the reporting person. Shares are subject to a one year restriction on transfer.

3. Each restricted stock unit represents a contingent right to receive one share of Class A common stock on the third anniversary of the grant date.

	Bala Sathyanarayanan by L. Dennis Hoffman, Jr. pursuant to a POA filed with the Commission	01/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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