Graphic Packaging (GPK) EVP Scott LeBeau discloses stock and RSU awards
Rhea-AI Filing Summary
Graphic Packaging Holding Company executive Scott LeBeau, EVP of Paperboard Manufacturing, filed an initial statement of his ownership in company securities as of 01/01/2026. He directly holds 17,493 shares of common stock.
He also directly holds several grants of Service-Based Restricted Stock Units (RSUs) that convert into common stock at no exercise cost. These include 4,411 RSUs tied to 02/15/2026, 1,955 RSUs tied to 02/15/2027, and 2,440 RSUs tied to 02/26/2028. The RSUs vest in three substantially equal annual tranches from each grant date, with earlier vesting in certain termination events. The service-based portion represents one-third of a larger award that also includes performance-based RSUs, which will be reported when they settle.
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FAQ
What did GPK executive Scott LeBeau report in this Form 3 filing?
Scott LeBeau, EVP of Paperboard Manufacturing at Graphic Packaging Holding Company (GPK), reported his initial beneficial ownership, including common stock and Service-Based Restricted Stock Units that can convert into common shares.
How many GPK common shares does Scott LeBeau beneficially own?
Scott LeBeau reported direct beneficial ownership of 17,493 shares of Graphic Packaging common stock.
What Service-Based Restricted Stock Units does Scott LeBeau hold in GPK?
He holds Service-Based RSUs over 4,411 shares of common stock tied to 02/15/2026, 1,955 shares tied to 02/15/2027, and 2,440 shares tied to 02/26/2028, all with a $0.00 exercise price.
How and when do Scott LeBeau’s GPK Service-Based RSUs vest?
The Service-Based RSUs vest and become payable in three substantially equal 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.
What happens when Scott LeBeau’s Service-Based RSUs in GPK expire?
The Service-Based RSUs expire upon their conversion and payout in shares of Graphic Packaging common stock, meaning they terminate when settled into shares.
How do Scott LeBeau’s Service-Based RSUs relate to performance-based awards at GPK?
The filing states that the Service-Based RSU grant is one-third of a total grant that also includes Performance-Based RSUs. Those performance-based units will be reported when they are settled, rather than at grant.