Greif (NYSE: GEF) SVP reports equity awards, share moves in Form 4 filing

Rhea-AI Filing Summary

Greif, Inc. executive Matthew B. Leahy, SVP SBU GM Innovative Closure, reported multiple equity transactions involving Class A common stock and restricted stock units. On January 14, 2026, 772 restricted stock units were converted into 772 shares of Class A common stock at $0 per share, and related non-derivative entries show acquisitions and disposals of Class A shares, also at $0 per share.

Leahy was granted 1,831 Performance Shares under the company’s Long Term Incentive Plan, with no cash consideration paid and a one-year transfer restriction. Following the reported transactions, he directly beneficially owned 4,038.7797 shares of Greif Class A common stock, including 109.0468 shares acquired through the colleague stock purchase plan.

Insider Trade Summary

772 shares exercised/converted

Mixed 5 txns

Insider Leahy Matthew B.

Role SVP SBU GM Innovative Closure

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	772	$0.00	--
Exercise	Class A Common Stock	772	$0.00	--
Tax Withholding	Class A Common Stock	256	$0.00	--
Grant/Award	Class A Common Stock	1,831	$0.00	--
Tax Withholding	Class A Common Stock	591	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 4,196 shares (Direct); Class A Common Stock — 3,054.78 shares (Direct)

Footnotes (1)

1. Includes a total of 109.0468 shares of Class A Common Stock acquired under the Greif, Inc. Colleague Stock Purchase Plan. 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. 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Leahy Matthew B.

(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 SBU GM Innovative Closure

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		772	A	$0	3,054.7797(1)	D
Class A Common Stock	01/14/2026		F		256	D	$0	2,798.7797	D
Class A Common Stock	01/14/2026		A		1,831(2)	A	$0	4,629.7797	D
Class A Common Stock	01/14/2026		F		591	D	$0	4,038.7797	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	01/14/2026		M			772	(3)	(3)	Class A Common Stock	772	$0	4,196	D

Explanation of Responses:

1. Includes a total of 109.0468 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.

	Matthew B. Leahy 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 activity did Greif (GEF) report for Matthew B. Leahy?

The filing reports that Matthew B. Leahy, SVP SBU GM Innovative Closure at Greif, Inc., had restricted stock units convert into Class A common stock and reported related acquisitions and disposals of Class A shares, all at $0 per share.

How many Greif Class A shares did Matthew B. Leahy hold after the Form 4 transactions?

After the reported transactions, Matthew B. Leahy directly beneficially owned 4,038.7797 shares of Greif Class A common stock.

What restricted stock unit activity was disclosed in the Greif (GEF) Form 4?

The Form 4 shows 772 restricted stock units with a conversion or exercise price of $0, which were associated with 772 shares of Greif Class A common stock and left Leahy with 4,196 derivative securities beneficially owned.

What Performance Shares were granted to Matthew B. Leahy by Greif (GEF)?

Leahy received 1,831 Performance Shares under Greif’s Long Term Incentive Plan. No consideration was paid by him, and the shares are subject to a one year restriction on transfer.

What do the footnotes in the Greif (GEF) Form 4 explain about the holdings?

One footnote states that Leahy’s holdings include 109.0468 shares of Class A common stock acquired under the Greif, Inc. Colleague Stock Purchase Plan. Another explains 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.

Did Matthew B. Leahy pay cash for the Performance Shares reported by Greif (GEF)?

No. The filing states that the Performance Shares were awarded under the company’s Long Term Incentive Plan and that no consideration was paid by the reporting person.