ROSE B ANDREW 4

What Happened

• Rose B. Andrew, a director of Greif, Inc. (GEF, GEF-B), was granted 295.37 phantom stock units on 2026-02-23. The units are reported at $74.64 each, for a total reported value of $22,046. The filing classifies the award as a derivative grant (transaction code A).

Key Details

• Transaction date: 2026-02-23; filing date (Form 4): 2026-02-25.
• Grant: 295.37 phantom stock units at $74.64 per unit; total reported value $22,046.
• Shares/units owned after transaction: not specified in the information provided in this summary.
• Footnote F1: Each phantom stock unit is the economic equivalent of one share of Greif Class A common stock.
• Footnote F2: The phantom units will be settled in cash upon either a fixed future date chosen at deferral election time or upon the director’s termination from the Board (retirement, death, disability, or other reasons).
• Transaction type: Award/Grant (A); derivative, cash-settled — not an immediate purchase of shares.

Context

• These are phantom (cash-settled) units, meaning Ms. Andrew did not receive actual shares or voting rights now; instead, the award tracks the economic value of shares and will be paid in cash under the settlement conditions described above.
• Such grants are common as part of director compensation and do not necessarily signal a personal buy or sell decision in the market.