Graphic Packaging (NYSE: GPK) SVP & CIO receives 6,549 restricted stock units as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GRAPHIC PACKAGING HOLDING CO senior vice president and chief information officer Nikhil Narvekar received a grant of 6,549 Service-Based Restricted Stock Units. These units were awarded at no cash cost to him and represent a form of stock-based compensation rather than an open-market share purchase.
The restricted stock units vest in three substantially equal installments on the first, second, and third anniversaries of the February 25, 2026 grant date, subject to continued service and certain conditions related to death, disability, retirement, involuntary termination, or change in control. Once vested, the units convert into shares of the company’s common stock and then expire.
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 | 6,549 | $0.00 | -- |
Holdings After Transaction:
Service-Based Restricted Stock Units — 6,549 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 Nikhil Narvekar report on this Form 4?
GPK executive Nikhil Narvekar reported receiving a grant of 6,549 Service-Based Restricted Stock Units. These are stock-based awards provided as compensation, not shares bought on the open market, and will convert into common stock only after future vesting conditions are met.
How many restricted stock units did the GPK SVP and CIO receive?
The GPK senior vice president and chief information officer received 6,549 Service-Based Restricted Stock Units. This entire amount was reported as directly owned following the transaction and represents equity compensation that will vest over time rather than an immediate, unrestricted share position.
How do the GPK Service-Based Restricted Stock Units reported by Narvekar vest?
The Service-Based Restricted Stock Units vest in three substantially equal tranches on the first, second, and third anniversaries of the grant date. Vesting may be affected by events such as death, disability, retirement, involuntary termination, or a change in control, as described in the award terms.
What happens to the GPK restricted stock units once they vest for Nikhil Narvekar?
Once the restricted stock units vest, they are converted and paid in shares of Graphic Packaging Holding Company common stock. After this conversion and payment occur as described, the restricted stock units themselves expire and no longer exist as separate derivative securities.
Does this GPK Form 4 indicate a buy or sell of common stock by the executive?
This GPK Form 4 indicates an acquisition of derivative securities through a grant of restricted stock units, not a buy or sell of existing common stock. The transaction is coded as a grant or award acquisition and involves equity that will settle in shares after vesting.