Graphic Packaging (NYSE: GPK) awards 22,066 RSUs to its chief information officer
Rhea-AI Filing Summary
Graphic Packaging Holding Company reported that SVP and CIO Nikhil Narvekar received a grant of 22,066 Service-Based Restricted Stock Units on July 29, 2026. These units vest in three substantially equal annual tranches over three years and settle in common stock, with different treatment in cases of death, disability, retirement, involuntary termination or termination after a change in control. The RSUs expire when they convert and are paid in shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Narvekar Nikhil
Role
SVP and CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Service-Based Restricted Stock Units F1, F2 | 22,066 | $0.00 | $0.00 |
Holdings After Transaction:
Service-Based Restricted Stock Units — 22,066 shares (Direct)
Footnotes (2)
- F1. 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 termination after a change in control.
- F2. 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."
Key Figures
Service-Based RSUs granted: 22066.0000 units
Grant price per RSU: 0.0000 per unit
RSUs held after transaction: 22066.0000 units
+1 more
4 metrics
Service-Based RSUs granted
22066.0000 units
Grant to SVP and CIO Nikhil Narvekar on July 29, 2026
Grant price per RSU
0.0000 per unit
Compensation-related award, not a market purchase
RSUs held after transaction
22066.0000 units
Directly held Service-Based Restricted Stock Units following the grant
Underlying common shares
22066.0000 shares
Shares of common stock underlying the Service-Based Restricted Stock Units
Key Terms
Service-Based Restricted Stock Units, change in control, Date Exerciseable
3 terms
Service-Based Restricted Stock Units financial
"The Service-Based Restricted Stock Units vest and become payable in three substantially equal tranches"
Service-based restricted stock units are promises by a company to give employees shares of stock only after they remain employed for a specified period; the stock is delivered gradually or all at once once the service condition is met. Investors care because these awards affect future share supply and company costs, align employee interests with long-term performance, and can influence dilution and earnings reports when the promised shares are recorded or issued.
change in control financial
"except in the event of death, disability, retirement, involuntary termination or termination after a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Date Exerciseable financial
"paid in shares of the Company's Common Stock as described under "Date Exerciseable.""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did GPK grant to SVP and CIO Nikhil Narvekar?
GPK granted Nikhil Narvekar 22,066 Service-Based Restricted Stock Units on July 29, 2026. The award is settled in shares of the company’s common stock and represents a compensation-related acquisition rather than a market purchase, at a grant price of $0.00 per unit.
How do the 22,066 Service-Based Restricted Stock Units at GPK vest?
The 22,066 Service-Based Restricted Stock Units vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the grant date. Vesting treatment may differ upon death, disability, retirement, involuntary termination or termination after a change in control.
When do Nikhil Narvekar’s GPK Service-Based Restricted Stock Units expire?
The Service-Based Restricted Stock Units expire upon their conversion and payment in shares of Graphic Packaging’s common stock. They remain outstanding until they vest on scheduled anniversaries and are then settled in stock, as described in the award’s exercisability terms.
Does the GPK Form 4 report any stock sales by Nikhil Narvekar?
No stock sales are reported; the Form 4 shows an acquisition of 22,066 Service-Based Restricted Stock Units as a compensation grant. Transaction data indicate one derivative acquisition and no reported purchases or sales of common stock in the open market.
What position does Nikhil Narvekar hold at GPK in connection with this award?
Nikhil Narvekar is identified as Senior Vice President and Chief Information Officer of Graphic Packaging. The grant of 22,066 Service-Based Restricted Stock Units reflects equity-based compensation tied to his executive role at the company.