Graphic Packaging (GPK) SVP and CIO discloses service-based RSU awards
Rhea-AI Filing Summary
Graphic Packaging Holding Company executive Nikhil Narvekar, SVP and CIO, filed an initial ownership report showing direct holdings of service-based restricted stock units tied to the company’s common stock. The filing lists three grants of service-based RSUs covering 1,003, 1,303 and 1,220 shares of common stock, each with a $0.00 exercise price.
These RSUs are one-third of a larger award that also includes performance-based RSUs, which will be reported when they settle. The service-based RSUs vest and become payable in three substantially equal annual tranches on the first, second and third anniversaries of the grant date, with earlier vesting possible in cases such as death, disability, retirement, involuntary termination or termination for good reason.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Service-Based Restricted Stock Units | -- | -- | -- |
| holding | Service-Based Restricted Stock Units | -- | -- | -- |
| holding | Service-Based Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- The grant of Service-Based Restricted Stock Units is 1/3 of a total grant that includes Performance-Based Restricted Stock Units, which are reportable upon settlement. The Service-Based Restricted Stock Units expire upon their conversion and payout in shares of the Company's Common Stock. The Service-Based Restricted Stock Units vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the date of the grant, except in the event of death, disability, retirement, involuntary termination or termination for good reason.