GPGI (GPGI) director opts for 61,476 stock options instead of $50K cash retainer

Rhea-AI Filing Summary

GPGI, Inc. director Loree Rebecca Corbin received stock option grants as board compensation. On June 11, 2026, she was granted 10,246 and 51,230 stock options to buy Class A common stock at an exercise price of $12.16 per share, totaling 61,476 options. The options vest in four equal annual installments of 25% each, beginning on June 11, 2027 and on the first, second, and third anniversaries of that date. According to the disclosure, these stock options were issued under GPGI’s Amended and Restated Non-Employee Director Compensation Policy in lieu of an annual cash retainer of $50,000, at the director’s election, making this a non-cash, compensation-related award rather than an open-market share purchase or sale.

Insights

Equity compensation analyst

Routine director equity grants replace cash fees with stock options.

Director Loree Rebecca Corbin elected to receive a total of 61,476 stock options with a $12.16 exercise price instead of a $50,000 cash retainer. This shifts part of her compensation into equity but does not involve open-market trading.

The options vest 25% annually starting on June 11, 2027 through later anniversaries, encouraging longer-term board service. No exercises or sales occurred, and there is no indication of a trading plan or market signal; this appears to be standard non-employee director compensation.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Loree Rebecca Corbin

Role null

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	51,230	$0.00	--
Grant/Award	Stock Option (Right to Buy)	10,246	$0.00	--

Holdings After Transaction: Stock Option (Right to Buy) — 51,230 shares (Direct, null)

Footnotes (1)

1. The Stock Options will vest in equal annual installments of 25% each on June 11, 2027 and on the first, second, and third anniversaries thereof. The Stock Options were issued pursuant to the Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy in lieu of the annual cash retainer of $50,000 at the Director's election.

Key Figures

Option grant 1 size: 10,246 options Option grant 2 size: 51,230 options Total options granted: 61,476 options +3 more

6 metrics

Option grant 1 size 10,246 options Stock Option grant on June 11, 2026

Option grant 2 size 51,230 options Stock Option grant on June 11, 2026

Total options granted 61,476 options Combined June 11, 2026 director awards

Exercise price $12.16 per share Strike price for both option grants

Expiration date June 11, 2036 Option term end for both grants

Cash retainer replaced $50,000 Annual director retainer taken as options instead of cash

Key Terms

Stock Option, Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy, annual cash retainer, Class A Common Stock

4 terms

Stock Option financial

"The Stock Options will vest in equal annual installments of 25% each"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy financial

"The Stock Options were issued pursuant to the Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy"

annual cash retainer financial

"in lieu of the annual cash retainer of $50,000 at the Director's election"

Class A Common Stock financial

"underlying security title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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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^*

Loree Rebecca Corbin

(Last) (First) (Middle)

C/O GPGI, INC.

309 PIERCE STREET

(Street)

SOMERSET NEW JERSEY 08873

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GPGI, Inc. [ GPGI ]

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)
06/11/2026

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
Stock Option (Right to Buy)	$12.16	06/11/2026		A		51,230		(1)	06/11/2036	Class A Common Stock	51,230	$0	51,230	D
Stock Option (Right to Buy)	$12.16	06/11/2026		A		10,246		(1)	06/11/2036	Class A Common Stock	10,246	$0	10,246	D(2)

Explanation of Responses:

1. The Stock Options will vest in equal annual installments of 25% each on June 11, 2027 and on the first, second, and third anniversaries thereof.

2. The Stock Options were issued pursuant to the Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy in lieu of the annual cash retainer of $50,000 at the Director's election.

	/s/ David A.P. Marshall, Attorney-in-Fact for Rebecca Corbin Loree	06/15/2026
	** 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)

FAQ

What did GPGI (GPGI) director Loree Rebecca Corbin report in this Form 4?

Loree Rebecca Corbin reported receiving stock option grants as board compensation, not buying or selling shares on the market. She was awarded options covering 61,476 shares of Class A common stock with an exercise price of $12.16 per share in lieu of cash fees.

How many stock options did Loree Rebecca Corbin receive from GPGI (GPGI)?

She received two stock option grants totaling 61,476 options. One grant covers 10,246 shares, and the other covers 51,230 shares of Class A common stock, each with a $12.16 exercise price, as part of her non-employee director compensation package.

What is the exercise price and term of the GPGI (GPGI) options granted to the director?

The options have an exercise price of $12.16 per share and expire on June 11, 2036. This gives the director roughly a 10-year window from grant date to exercise, subject to vesting and continued service conditions under the company’s director compensation policy.

How and when do Loree Rebecca Corbin’s GPGI (GPGI) stock options vest?

The options vest in four equal annual installments of 25% each. Vesting begins on June 11, 2027, and continues on the first, second, and third anniversaries of that date, aligning her compensation with multi-year board service at GPGI, Inc.

Why did GPGI (GPGI) issue stock options instead of cash to the director?

The options were issued under GPGI’s Amended and Restated Non-Employee Director Compensation Policy in lieu of a $50,000 annual cash retainer. The filing notes this was at the director’s election, shifting her compensation mix toward equity rather than immediate cash payment.