Greif (GEF) director discloses cash-settled phantom stock unit grant

Rhea-AI Filing Summary

Greif, Inc. director B. Andrew Rose reported a deferred compensation transaction involving phantom stock units. On 01/02/2026, he acquired 18.26 phantom stock units, each economically equivalent to one share of Greif Class A common stock, at a derivative reference price of $67.7 per share. After this transaction, he beneficially owned 2,225.44 derivative securities in the form of phantom stock units.

The phantom stock units will be settled in cash rather than stock. Payment will occur on the earlier of a future fixed date chosen at the time of the deferral election or when Rose leaves the Greif board, whether by retirement, death, disability, or another reason.

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)	18.26	$67.70	$1K

Holdings After Transaction: (Phantom Stock Units (Cash Only Rights) — 2,225.44 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
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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^*

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)
01/02/2026

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)	01/02/2026		A		18.26		(2)	(2)	Class A Common Stock	18.26	$67.7	2,225.44	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.	01/06/2026
	** 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) report in this Form 4?

Greif reported that director B. Andrew Rose acquired 18.26 phantom stock units tied to Greif Class A common stock on 01/02/2026 as a deferred compensation award.

What are the phantom stock units disclosed for Greif (GEF)?

Each phantom stock unit is the economic equivalent of one share of Greif Class A common stock and is recorded as a cash-settled derivative security rather than actual stock.

When will the Greif (GEF) phantom stock units be settled?

The phantom stock units will be settled in cash on the earlier of a future fixed date selected at the time of deferral or the director’s termination from the board due to retirement, death, disability, or another reason.

How many derivative securities does the Greif (GEF) director hold after this transaction?

Following the reported transaction, the director beneficially owned 2,225.44 derivative securities in the form of phantom stock units related to Greif Class A common stock.

Did the Greif (GEF) director pay cash for the phantom stock units?

No cash price was paid for the units themselves; they are listed with a conversion or exercise price of $0, with a derivative reference price of $67.7 per underlying share.

What is the relationship of the reporting person to Greif (GEF)?

The reporting person in this Form 4 is a director of Greif, Inc., as indicated in the relationship section.