STOCK TITAN

[Form 4] GREIF, INC Insider Trading Activity

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

Karen A. Morrison, a director of Greif, Inc. (GEF), reported a transaction dated 10/01/2025 on a Form 4 showing acquisition of phantom stock units that are each the economic equivalent of one share of Class A common stock. The filing records 1,574.332 phantom units associated with Class A Common Stock. The units are cash-settled upon the reporting person’s termination from the board, including retirement or death, rather than converted into actual shares. The Form 4 was signed by a power of attorney on behalf of Ms. Morrison on 10/02/2025.

Karen A. Morrison, una direttrice di Greif, Inc. (GEF), ha riportato una transazione datata 10/01/2025 su un Modulo 4 che mostra l'acquisizione di unità azionarie fantasma che sono ciascuna l'equivalente economico di una azione ordinaria di Classe A. La documentazione riporta 1.574,332 unità fantasma associate a Class A Common Stock. Le unità sono regolate in contanti al momento della cessazione della signora Morrison dal consiglio di amministrazione, incluso il pensionamento o la morte, anziché convertite in azioni effettive. Il Modulo 4 è stato firmato da una procura per conto della signora Morrison il 02/10/2025.

Karen A. Morrison, una directora de Greif, Inc. (GEF), informó una transacción con fecha 10/01/2025 en un Formulario 4 que muestra la adquisición de unidades fantasma que son cada una el equivalente económico de una acción ordinaria de Clase A. El registro indica 1.574,332 unidades fantasma asociadas con Class A Common Stock. Las unidades son liquidadas en efectivo al momento de la salida de la persona reportante del consejo, incluido el retiro o la muerte, en lugar de convertirse en acciones reales. El Formulario 4 fue firmado por un apoderado en nombre de la Sra. Morrison el 02/10/2025.

Karen A. Morrison은 Greif, Inc. (GEF)의 이사로, 2025년 10월 1일에 작성된 Form 4에서 팬텀 주식 단위의 취득을 보고했습니다. 각 단위는 클래스 A 보통주의 경제적 동등체입니다. 제출서는 1,574.332 팬텀 단위가 Class A Common Stock와 관련되어 있다고 기록합니다. 이 단위들은 보고자의 이사회에서의 퇴임, 은퇴 또는 사망 등으로 인해 실제 주식으로 전환되지 않고 현금으로 정산됩니다. 양식 4는 2025년 10월 2일에 Morrison 씨를 대신하여 위임장으로 서명되었습니다.

Karen A. Morrison, une directrice de Greif, Inc. (GEF), a déclaré une transaction datée du 01/10/2025 sur un Formulaire 4 montrant l'acquisition d'unités d'actions fantômes qui sont chacune l'équivalent économique d'une action ordinaire de Classe A. Le dépôt indique 1 574,332 unités fantômes associées à Class A Common Stock. Les unités sont rémunérées en espèces lors de la cessation de la personne déclarant du conseil d'administration, y compris lors de la retraite ou du décès, plutôt que converties en actions réelles. Le Form 4 a été signé par une procuration au nom de Mme Morrison le 02/10/2025.

Karen A. Morrison, eine Direktorin von Greif, Inc. (GEF), hat eine Transaktion mit dem Datum 10/01/2025 auf einem Formular 4 gemeldet, das den Erwerb von Phantomaktien-Einheiten zeigt, die jeweils dem wirtschaftlichen Äquivalent einer Aktie der Klasse A entsprechen. Die Einreichung vermerkt 1.574,332 Phantomaktien-Einheiten, die mit Class A Common Stock verbunden sind. Die Einheiten werden bei Beendigung der Berichterstellerin aus dem Vorstand, einschließlich Ruhestand oder Tod, in bar abgegolten, anstatt in eigentliche Aktien umgewandelt zu werden. Das Formular 4 wurde am 02/10/2025 von einer Vollmacht im Namen von Frau Morrison unterschrieben.

Karen A. Morrison، مديرة في Greif, Inc. (GEF)، أبلغت عن صفقة بتاريخ 10/01/2025 في نموذج 4 يظهر الحصول على وحدات أسهم وهمية تشكل اقتصاديًا مكافئًا لسهم عادي من الفئة A. تسجل الوثيقة 1,574.332 وحدة وهمية مرتبطة بـClass A Common Stock. وتُسوى الوحدات نقدًا عند انتهاء عضوية مقدّم التقرير من مجلس الإدارة، بما في ذلك التقاعد أو الوفاة، بدلاً من تحويلها إلى أسهم فعلية. تم توقيع النموذج 4 بواسطة توكيل باسم السيدة Morrison في 02/10/2025.

Karen A. Morrison,Greif, Inc.(GEF)的董事,在一份显示于2025/10/01的 Form 4 上报告了交易,显示获取了每单位等同于一股A类普通股经济权益的虚拟股票单位。该文件记录与Class A Common Stock相关的1,574.332单位虚拟股。该单位在报告人从董事会离任时(包括退休或死亡)以现金结算,而不是转换为实际股票。该 Form 4 由代表莫里森女士的授权委托签署,日期为2025/10/02

Positive
  • Acquisition of 1,574.332 phantom units by Director Karen A. Morrison on 10/01/2025
  • Phantom units are cash-settled, avoiding immediate dilution of outstanding shares
Negative
  • None.

Insights

Director received 1,574.332 phantom units; settlement is cash-only.

The Form 4 discloses an acquisition of phantom stock units on 10/01/2025 by director Karen A. Morrison. These units mirror economic exposure to Class A Common Stock but will be paid in cash when settled.

This structure provides the director with economic alignment to the company’s share performance without issuing new shares or changing share count. The filing was submitted via a power of attorney and signed on 10/02/2025.

Karen A. Morrison, una direttrice di Greif, Inc. (GEF), ha riportato una transazione datata 10/01/2025 su un Modulo 4 che mostra l'acquisizione di unità azionarie fantasma che sono ciascuna l'equivalente economico di una azione ordinaria di Classe A. La documentazione riporta 1.574,332 unità fantasma associate a Class A Common Stock. Le unità sono regolate in contanti al momento della cessazione della signora Morrison dal consiglio di amministrazione, incluso il pensionamento o la morte, anziché convertite in azioni effettive. Il Modulo 4 è stato firmato da una procura per conto della signora Morrison il 02/10/2025.

Karen A. Morrison, una directora de Greif, Inc. (GEF), informó una transacción con fecha 10/01/2025 en un Formulario 4 que muestra la adquisición de unidades fantasma que son cada una el equivalente económico de una acción ordinaria de Clase A. El registro indica 1.574,332 unidades fantasma asociadas con Class A Common Stock. Las unidades son liquidadas en efectivo al momento de la salida de la persona reportante del consejo, incluido el retiro o la muerte, en lugar de convertirse en acciones reales. El Formulario 4 fue firmado por un apoderado en nombre de la Sra. Morrison el 02/10/2025.

Karen A. Morrison은 Greif, Inc. (GEF)의 이사로, 2025년 10월 1일에 작성된 Form 4에서 팬텀 주식 단위의 취득을 보고했습니다. 각 단위는 클래스 A 보통주의 경제적 동등체입니다. 제출서는 1,574.332 팬텀 단위가 Class A Common Stock와 관련되어 있다고 기록합니다. 이 단위들은 보고자의 이사회에서의 퇴임, 은퇴 또는 사망 등으로 인해 실제 주식으로 전환되지 않고 현금으로 정산됩니다. 양식 4는 2025년 10월 2일에 Morrison 씨를 대신하여 위임장으로 서명되었습니다.

Karen A. Morrison, une directrice de Greif, Inc. (GEF), a déclaré une transaction datée du 01/10/2025 sur un Formulaire 4 montrant l'acquisition d'unités d'actions fantômes qui sont chacune l'équivalent économique d'une action ordinaire de Classe A. Le dépôt indique 1 574,332 unités fantômes associées à Class A Common Stock. Les unités sont rémunérées en espèces lors de la cessation de la personne déclarant du conseil d'administration, y compris lors de la retraite ou du décès, plutôt que converties en actions réelles. Le Form 4 a été signé par une procuration au nom de Mme Morrison le 02/10/2025.

Karen A. Morrison, eine Direktorin von Greif, Inc. (GEF), hat eine Transaktion mit dem Datum 10/01/2025 auf einem Formular 4 gemeldet, das den Erwerb von Phantomaktien-Einheiten zeigt, die jeweils dem wirtschaftlichen Äquivalent einer Aktie der Klasse A entsprechen. Die Einreichung vermerkt 1.574,332 Phantomaktien-Einheiten, die mit Class A Common Stock verbunden sind. Die Einheiten werden bei Beendigung der Berichterstellerin aus dem Vorstand, einschließlich Ruhestand oder Tod, in bar abgegolten, anstatt in eigentliche Aktien umgewandelt zu werden. Das Formular 4 wurde am 02/10/2025 von einer Vollmacht im Namen von Frau Morrison unterschrieben.

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*
Morrison Karen

(Last) (First) (Middle)
425 WINTER ROAD

(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 14.62 (2) (2) Class A Common Stock 14.62 $59.76 1,574.332 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 shares are to be settled in cash upon the Reporting Person's termination from the Board due to her retirement, death or other reason.
Karen A. Morrison 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 Karen A. Morrison report on Form 4 (GEF)?

The Form 4 reports an acquisition on 10/01/2025 of 1,574.332 phantom stock units, each equal to one share of Class A common stock.

How will the phantom stock units reported by Karen Morrison be settled?

The filing states the phantom shares are to be settled in cash upon the reporting person’s termination from the Board, including retirement or death.

Does the Form 4 show direct or indirect ownership for these units?

The filing indicates direct ownership for the reported phantom stock units.

When was the Form 4 signed and filed for Karen Morrison’s transaction?

The signature on the Form 4 by power of attorney is dated 10/02/2025.

Do the phantom units convert into shares of Greif (GEF)?

No; the explanation in the filing says each phantom unit equals one share economically, but the units are cash-only rights and will not convert into actual shares.
Greif

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