Graphic Packaging (GPK) EVP granted service-based RSU awards
Rhea-AI Filing Summary
Graphic Packaging Holding Company executive Daniel S. Fishbein received two grants of service-based restricted stock units (RSUs) tied to the company’s common stock. One grant covers 188,502 RSUs, representing one-third of a larger award that also includes performance-based RSUs reportable upon settlement.
These 188,502 service-based RSUs vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the grant date, subject to exceptions for events such as death, disability, retirement, involuntary termination or termination after a change in control. A separate grant of 40,214 service-based RSUs vests in substantially equal tranches on the first and second anniversaries of the grant date under similar conditions.
The RSUs have no exercise price and will be settled in shares of common stock upon vesting, reflecting compensation-related equity awards rather than open-market purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Service-Based Restricted Stock Units | 40,214 | $0.00 | -- |
| Grant/Award | Service-Based Restricted Stock Units | 188,502 | $0.00 | -- |
Footnotes (1)
- The grant of Service-Based Restricted Stock Units is 1/3 of a total grant that also includes Performance-Based Restricted Stock Units, which are reportable upon settlement. 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. 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." The Service-Based Restricted Stock Units vest and become payable in substantially equal tranches on the first and second anniversaries of the date of grant, except in the event of death, disability, retirement, involuntary termination or termination after a change in control.