Morrison Karen 4

What Happened
Karen Morrison, a director of Greif, Inc., was awarded 161.39 phantom stock units on 2026-02-23. The units are recorded at $74.64 each for a total economic value of $12,046. The filing classifies this as an award/acquisition (code A) of a derivative security rather than an open-market purchase of shares.

Key Details

• Transaction date: 2026-02-23; reported on Form 4 filed 2026-02-25.
• Unit count and valuation: 161.39 phantom units × $74.64 = $12,046 (reported).
• Security: Phantom stock units that are the economic equivalent of one share of Class A common stock (footnote F1).
• Settlement: Phantom units will be settled in cash upon the director’s termination from the board (retirement, death, or other reason) (footnote F2).
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filing appears timely (no late-file indicator reported).

Context
This is a typical director compensation award in the form of phantom/stock units that pay out in cash later; it does not represent an out‑of‑pocket purchase of shares and therefore is not a direct bullish market signal. For retail investors, such grants primarily reflect routine compensation rather than immediate insider buying or selling.