Greif (NYSE: GEF) SVP receives stock awards and withholds shares

Rhea-AI Filing Summary

Greif, Inc. executive Kimberly Anne Kellermann, SVP and Chief Operations Officer, reported multiple equity transactions in Class A common stock on 01/14/2026. A restricted stock unit award covering 2,546 shares was converted into 2,546 shares of Class A common stock at a price of $0 per share. She was also granted 8,051 Performance Shares under the company’s Long Term Incentive Plan at $0 consideration, which are subject to a one-year restriction on transfer.

To cover tax obligations, shares were withheld in transactions coded "F," including 829 and 2,243 Class A shares at a price of $0 per share. Following these transactions, she directly held 11,073 shares of Class A common stock and 12,458 restricted stock units, each RSU representing a contingent right to receive one share of Class A common stock on the third anniversary of its grant date.

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

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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^*

Kellermann Kimberly Anne

(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 Operations Officer

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		2,546	A	$0	6,094	D
Class A Common Stock	01/14/2026		F		829	D	$0	5,265	D
Class A Common Stock	01/14/2026		A		8,051(1)	A	$0	13,316	D
Class A Common Stock	01/14/2026		F		2,243	D	$0	11,073	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	$0(2)	01/14/2026		M			2,546	(2)	(2)	Class A Common Stock	2,546	$0	12,458	D

Explanation of Responses:

1. 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.

2. 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.

	Kimberly A. Kellermann 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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FAQ

What insider transactions did Greif (GEF) SVP Kimberly Kellermann report?

Kimberly Anne Kellermann reported equity transactions dated 01/14/2026, including the conversion of 2,546 restricted stock units into Class A common shares, a grant of 8,051 Performance Shares, and related share withholdings to cover taxes.

How many Greif (GEF) Class A shares does Kimberly Kellermann hold after the Form 4 transactions?

After the reported transactions, Kimberly Anne Kellermann beneficially owned 11,073 shares of Class A common stock directly.

What equity awards did Greif grant to Kimberly Kellermann in this Form 4?

The filing shows 8,051 Performance Shares awarded under Greif’s Long Term Incentive Plan, with no cash consideration paid and a one-year restriction on transfer.

What does the restricted stock unit disclosure mean for Greif (GEF)?

The filing states that 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.

Why were some Greif (GEF) shares reported with transaction code "F"?

Transactions coded "F" in the Form 4 reflect share withholdings (including 829 and 2,243 Class A shares) at a price of $0 per share, which are typically used to satisfy tax obligations on equity awards.

How many restricted stock units does Kimberly Kellermann hold after these transactions?

Following the derivative transaction, Kimberly Anne Kellermann held 12,458 restricted stock units, each linked to one future share of Class A common stock, subject to vesting terms.