Graphic Packaging (NYSE: GPK) grants 12,006 RSUs to interim CFO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GRAPHIC PACKAGING HOLDING CO reported that SVP, CAO and Interim CFO Charles D. Lischer acquired 12,006 Service-Based Restricted Stock Units as a compensation award. These units were granted at no cash cost to him and represent a right to receive common shares in the future.
The Service-Based Restricted Stock Units vest in three substantially equal tranches on the first, second and third anniversaries of the grant date, with accelerated treatment possible in cases such as death, disability, retirement, involuntary termination or change in control. The units convert into shares of common stock upon vesting and payment, at which point they expire as restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lischer Charles D
Role
SVP, CAO and Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Service-Based Restricted Stock Units | 12,006 | $0.00 | -- |
Holdings After Transaction:
Service-Based Restricted Stock Units — 12,006 shares (Direct)
Footnotes (1)
- 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 grant, except in the event of death, disability, retirement, involuntary termination or change in control. The Service-Based Restricted Stock Units expire upon their conversion and payment in shares of the Company's Common Stock as described under "Date Exerciseable."
FAQ
What insider transaction did GPK executive Charles D. Lischer report?
Charles D. Lischer reported receiving 12,006 Service-Based Restricted Stock Units as a compensation grant. These units give him a future right to receive common shares, subject to vesting conditions and continued service with Graphic Packaging Holding Co over several years.
How many restricted stock units did GPK grant to Charles D. Lischer?
Graphic Packaging granted Charles D. Lischer 12,006 Service-Based Restricted Stock Units. This entire amount was acquired in a single grant, with no purchase price per unit, reflecting an equity-based compensation award tied to future vesting over a three-year schedule.
What is the vesting schedule for Charles D. Lischer’s GPK restricted stock units?
The 12,006 Service-Based Restricted Stock Units vest in three substantially equal tranches on the first, second and third anniversaries of the grant date. Vesting can change upon events like death, disability, retirement, involuntary termination or a change in control at Graphic Packaging.
Do the GPK restricted stock units granted to Charles D. Lischer have an exercise price?
The Service-Based Restricted Stock Units granted to Charles D. Lischer have a stated price per unit of $0.0000. They function as rights to receive shares upon vesting, rather than options that require payment of an exercise price at conversion.
When do Charles D. Lischer’s GPK restricted stock units convert into common stock?
The Service-Based Restricted Stock Units convert and are paid in shares of Graphic Packaging common stock upon vesting. According to the disclosure, the units expire when they are converted and paid in shares, following the three-year vesting schedule or applicable accelerated vesting events.
Is Charles D. Lischer’s ownership of GPK restricted stock units direct or indirect?
Charles D. Lischer’s ownership of the 12,006 Service-Based Restricted Stock Units is reported as direct. The filing lists the ownership type and code as direct, with no footnote indicating that another entity or person holds voting or investment authority over these units.