Director Bruce Edwards receives 2,143-share award at Greif (NYSE: GEF)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Edwards Bruce A reported acquisition or exercise transactions in this Form 4 filing.
Greif, Inc. director Bruce A. Edwards received a grant of 2,143 shares of Class A Common Stock as an equity award. The award was made under the company’s outside directors’ equity award plan at a price of $0 per share, increasing his direct Class A holdings to 58,720 shares.
The footnote states these shares are restricted until the earlier of February 23, 2029, or his termination from the Board due to retirement, death, or other reasons. He also reports holding 2,000 shares of Class B Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Edwards Bruce A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,143 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 58,720 shares (Direct);
Class B Common Stock — 2,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Greif (GEF) report for Bruce A. Edwards?
Greif reported that director Bruce A. Edwards received a grant of 2,143 shares of Class A Common Stock. This equity award increased his directly held Class A shares to 58,720, reflecting routine compensation under the company’s outside directors’ equity award plan rather than an open-market purchase.
Was Bruce A. Edwards’ Greif (GEF) stock transaction a purchase or an award?
The transaction was a stock award, not a purchase. Edwards received 2,143 Class A shares at a price of $0 per share under Greif’s outside directors’ equity award plan, indicating compensation in stock rather than cash, with specific restrictions on when shares become freely transferable.
What restrictions apply to Bruce A. Edwards’ new Greif (GEF) restricted stock?
The 2,143 Class A shares granted to Bruce A. Edwards are restricted until the earlier of February 23, 2029, or his departure from the Board due to retirement, death, or other reasons. These restrictions limit his ability to freely transfer the shares until a qualifying event occurs.
What is the significance of the Class B Common Stock in Bruce A. Edwards’ Greif (GEF) holdings?
In addition to Class A shares, Bruce A. Edwards reports directly holding 2,000 shares of Greif Class B Common Stock. The filing lists this as a holding entry, showing his total Class B position, but does not describe a new transaction affecting that class in this report.