Greif (NYSE: GEF) director gets cash-settled phantom units

Rhea-AI Filing Summary

ROSE B ANDREW reported acquisition or exercise transactions in this Form 4 filing.

Greif, Inc. director Andrew Rose reported receiving a grant of 295.3700 phantom stock units that are economically equivalent to the company’s Class A Common Stock. Following this award, he holds a total of 2886.9200 phantom units. These units are cash-settled, not actual shares of stock.

The phantom units will be paid in cash either on a future fixed date chosen when he elected to defer compensation or upon his termination from the board, including retirement, death, disability, or other separation reasons. This reflects routine, stock-linked director compensation rather than an open-market share purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ROSE B ANDREW

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units (Cash Only Rights)	295.37	$74.64	$22K

Holdings After Transaction: Phantom Stock Units (Cash Only Rights) — 2,886.92 shares (Direct)

Footnotes (1)

1. Each phantom stock unit is the economic equivalent of one share of Class A Common Stock of Greif, Inc. The phantom stock units are to be settled in cash upon the earlier of (i) a future fixed date designated by the Reporting Person made at the time of the deferral election, or (ii) the Reporting Person's termination from the Board due to his retirement, death, disability or other reason.

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

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).

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^*

ROSE B ANDREW

(Last) (First) (Middle)

425 WINTER RD.

(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)
02/23/2026

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

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)	02/23/2026		A		295.37		(2)	(2)	Class A Common Stock	295.37	$74.64	2,886.92	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 stock units are to be settled in cash upon the earlier of (i) a future fixed date designated by the Reporting Person made at the time of the deferral election, or (ii) the Reporting Person's termination from the Board due to his retirement, death, disability or other reason.

	B. Andrew Rose by L. Dennis Hoffman, Jr. pursuant to a POA filed with the Commission.	02/25/2026
	** 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 insider transaction did Greif (GEF) director Andrew Rose report?

Andrew Rose reported the grant of 295.3700 phantom stock units, each tied economically to one share of Greif Class A Common Stock. After this grant, he holds 2886.9200 phantom units, representing deferred, cash-settled director compensation rather than an open-market stock trade.

Are Andrew Rose’s Greif (GEF) phantom stock units actual shares?

No, the units are phantom stock units settled only in cash. Each unit mirrors the economic value of one Greif Class A Common Share, but does not provide actual share ownership, voting rights, or direct stock issuance to the director.

When will the Greif (GEF) phantom stock units granted to Andrew Rose be paid?

The phantom units will be paid in cash at a later time, either on a future fixed date chosen when Rose made his deferral election, or upon his termination from the Greif board due to retirement, death, disability, or another separation reason.

How many Greif (GEF) phantom stock units does Andrew Rose hold after this grant?

After this Form 4 transaction, Andrew Rose holds 2886.9200 phantom stock units. These units are economically equivalent to the same number of Greif Class A Common Shares but will be settled in cash rather than delivered as stock in his name.

Does the Greif (GEF) Form 4 show a stock market purchase or sale by Andrew Rose?

No, the Form 4 shows a grant/award acquisition of phantom stock units, not a market trade. The transaction reflects deferred, cash-settled board compensation, classified as a grant or other acquisition rather than a traditional stock buy or sell.