Greif director Karen Morrison acquires 320.16 stock units

The director's phantom units are settled in cash upon board termination due to retirement, death or another reason.

Available on EDGAR 11/04/2026 - 04:32 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:31 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Greif, Inc. director Karen Morrison acquired 320.16 phantom stock units on November 2, 2026; the transaction lists a price of $81.99 per share. Each unit is economically equivalent to one share of Class A Common Stock. Her reported post-transaction balance was 3,678.21 units, including 25.96 units received on October 1, 2026, in lieu of dividend payments.

Insider Trade Summary

Grant/Award: 320.16 shares

Grant/Award 1 txn

Insider Morrison Karen

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units (Cash Only Rights) F1, F2, F3	320.16	$81.99	$26K

Holdings After Transaction: Phantom Stock Units (Cash Only Rights) — 3,678.21 contracts (Direct)

Holdings Before and After: Phantom Stock Units (Cash Only Rights), 3,358.05 to 3,678.21 contracts (Direct)

Footnotes (3)

1. F1. Each phantom stock unit is the economic equivalent of one share of Class A Common Stock of Greif, Inc.
2. F2. The phantom shares are to be settled in cash upon the Reporting Person's termination from the Board due to her retirement, death or other reason.
3. F3. Includes 25.96 units received on October 1, 2026 in lieu of payment of dividends on outstanding phantom units. Dividends paid on one phantom unit are equivalent in value to dividends paid on one share of Class A Common Stock.

Key Figures

Phantom stock units acquired: 320.16 units Reported price per share: $81.99 per share Phantom stock units following transaction: 3,678.21 units +1 more

4 metrics

Phantom stock units acquired 320.16 units November 2, 2026

Reported price per share $81.99 per share Phantom stock unit transaction on November 2, 2026

Phantom stock units following transaction 3,678.21 units Reported post-transaction balance

Dividend-equivalent units 25.96 units Received October 1, 2026

Key Terms

phantom stock units, Cash Only Rights, in lieu of payment of dividends

3 terms

phantom stock units financial

"Each phantom stock unit is the economic equivalent"

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

Cash Only Rights financial

"Phantom Stock Units (Cash Only Rights)"

in lieu of payment of dividends financial

"received ... in lieu of payment of dividends"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many phantom stock units did GEF director Karen Morrison acquire?

Karen Morrison acquired 320.16 phantom stock units on November 2, 2026. The transaction lists a price of $81.99 per share, and her reported post-transaction balance was 3,678.21 units, including 25.96 units received on October 1, 2026, in lieu of dividend payments.

How are Karen Morrison's phantom stock units settled?

The units are settled in cash upon her termination from the Board due to retirement, death or another reason.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Morrison Karen

(Last) (First) (Middle)

425 WINTER ROAD

(Street)

DELAWARE OHIO 43015

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	11/02/2026		A		320.16		(2)	(2)	Class A Common Stock	320.16	$81.99	3,678.21(3)	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 shares are to be settled in cash upon the Reporting Person's termination from the Board due to her retirement, death or other reason.

3. Includes 25.96 units received on October 1, 2026 in lieu of payment of dividends on outstanding phantom units. Dividends paid on one phantom unit are equivalent in value to dividends paid on one share of Class A Common Stock.

	Karen A. Morrison by L. Dennis Hoffman, Jr. pursuant to a POA filed with the Commission.	11/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)