[Form 4] Greif, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Greif, Inc. (GEF) – Insider Form 4 filing dated 07/10/2025

Senior Vice President & Chief Commercial Officer Timothy Bergwall reported the sale of 2,000 Class A common shares at $68.125 per share. The transaction represents roughly 2.8 % of his direct holdings. Following the sale, Bergwall directly owns 70,677.55 shares and indirectly holds 1,324.82 shares through a 401(k) plan. No derivative transactions were reported.

• Transaction code: S (Sale)
• Insider role: SVP & Chief Commercial Officer
• Remaining economic exposure: ~$4.8 million (70,678 × $68.125, illustrative)

The filing does not reference a Rule 10b5-1 trading plan, indicating the sale was discretionary. The modest size relative to total ownership suggests limited immediate signal for investors but is worth monitoring for future patterns.

Positive

• Executive retains a substantial holding of 70,677.55 shares, maintaining strong alignment with shareholders

Negative

• Sale of 2,000 shares by a senior executive could be interpreted as a modest negative sentiment signal

Insights

Financial Analyst

TL;DR – Small discretionary insider sale; immaterial impact on Greif’s outlook.

Bergwall’s 2,000-share sale amounts to under 3 % of his stake, leaving him with ~72 k shares (direct+indirect). Such a minor trim is common for liquidity or diversification and does not materially alter insider alignment. No derivatives or large cluster selling were disclosed, and the executive still maintains multi-million-dollar exposure. Absent accompanying negative catalysts, the trade is best viewed as neutral. Investors should watch for further sequential sales that could signal changing sentiment.

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).

X

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^*

Bergwall Timothy

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

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
Class A Common Stock	07/10/2025		S		2,000	D	$68.125	70,677.55	D
Class A Common Stock								1,324.82	I	By 401(k) Plan

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

Explanation of Responses:

	Timothy Bergwall by L. Dennis Hoffman, Jr. pursuant to a POA filed with the Commission.	07/14/2025
	** 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

How many Greif (GEF) shares did SVP Timothy Bergwall sell?

He sold 2,000 Class A common shares on 07/10/2025.

At what price were the Greif shares sold?

The shares were sold at $68.125 per share.

How many Greif shares does Bergwall still own after the transaction?

He directly owns 70,677.55 shares and indirectly holds 1,324.82 shares via a 401(k) plan.

Was the sale conducted under a Rule 10b5-1 trading plan?

The filing does not indicate that the sale was made pursuant to a Rule 10b5-1 plan.

Does this insider sale significantly impact Greif’s investment thesis?

Given its small size (<3 % of holdings), the sale is generally viewed as neutral to immaterial for the broader investment thesis.