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  4. [Form 4] Greif, Inc. Insider Trading Activity

GEF insider Bala Sathyanarayanan makes small $21k share sale

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Greif, Inc. (GEF) Form 4 filing – insider transaction

Executive Vice President & Chief Human Resources Officer Bala Sathyanarayanan reported one open-market sale on 8 July 2025. The transaction involved 304 shares of Class A common stock at a price of $69.15 per share, representing proceeds of roughly $21,020. Following the sale, the executive still owns 44,724.6092 Class A shares and 4,510 Class B shares, all held directly.

The sale reduces the executive’s Class A position by less than 1% and does not affect derivative holdings; no derivative transactions were reported. A footnote clarifies that the total direct holdings include 301.6202 shares accumulated through Greif’s Colleague Stock Purchase Plan.

Because the disposition is small relative to the insider’s remaining stake and there is no accompanying negative disclosure, the filing appears routine and is unlikely to signal a strategic shift.

Positive

  • Insider retains a significant stake of 44,725 Class A shares and 4,510 Class B shares, maintaining alignment with shareholder interests.

Negative

  • Insider selling activity, even if modest, can be perceived as a cautious signal by some investors.

Insights

TL;DR: Small routine insider sale; negligible impact on investment thesis.

The 304-share sale (≈$21k) represents less than 1% of Mr. Sathyanarayanan’s 44.7k Class A share ownership. No options were exercised or other securities affected, suggesting the move is personal portfolio management rather than a valuation signal. The insider retains a sizeable economic interest, which keeps alignment with shareholders intact. Overall impact on Greif’s fundamentals or market perception should be minimal.

Insider Sathyanarayanan Bala
Role EVP, Chief Human Resources Off
Sold 304 shs ($21K)
Type Security Shares Price Value
Sale Class A Common Stock 304 $69.15 $21K
holding Class B Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 44,724.609 shares (Direct); Class B Common Stock — 4,510 shares (Direct)
Footnotes (1)
  1. [object Object]
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*
Sathyanarayanan Bala
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Human Resources Off
3. Date of Earliest Transaction (Month/Day/Year)
07/08/2025
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 07/08/2025 S 304 D $69.15 44,724.6092(1) D
Class B Common Stock 4,510 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
Explanation of Responses:
1. Includes 301.6202 shares of Class A Common Stock acquired under the Greif, Inc. Colleague Stock Purchase Plan.
Bala Sathyanarayanan by Gary R. Martz pursuant to a POA filed with the Commission 07/09/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Greif EVP Bala Sathyanarayanan sell on 8 July 2025?

He sold 304 shares of Greif Class A common stock at $69.15 per share.

How many Greif (GEF) shares does the insider still own after the sale?

He now holds 44,724.6092 Class A and 4,510 Class B shares directly.

Was this Greif insider transaction part of a Rule 10b5-1 trading plan?

The filing does not indicate that the trade was executed under a Rule 10b5-1 plan.

Did the Form 4 report any option exercises or derivative transactions?

No, no derivative securities were acquired or disposed of in this filing.

Is the insider still considered an officer of Greif, Inc.?

Yes, he remains EVP & Chief Human Resources Officer at Greif.