Germain Jean-Marc 4

What Happened

• Germain Jean‑Marc, a director of GrafTech International Ltd. (EAF), was awarded 11,173.184 deferred restricted stock units (DRSUs) on 2026-05-07. The grant is reported as a derivative award (transaction code A) with a per-unit price of $0.00 (i.e., no cash paid at grant).

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (filed 4 days after the transaction; Form 4s are generally due within two business days, so this filing appears delayed).
• Amount: 11,173.184 DRSUs; reported acquisition value: $0.00 (non-cash award).
• Shares owned after transaction: Not stated in the provided filing details.
• Footnotes: Each DRSU represents a contingent right to receive one share of EAF common stock (F1). The DRSUs generally vest on November 7, 2026. Settlement of vested DRSUs will be in whole shares delivered either upon termination of service (no later than year-end of termination) or, depending on the director’s election, in five equal annual installments (20% per year) following termination (F2).

Context

• This was a compensation award to a director (not an open-market purchase or sale). Awards like DRSUs are common for director pay and do not by themselves indicate immediate buying or selling intent. Because these are derivative awards that convert to common stock upon vesting/settlement, their value will depend on EAF’s share price at those times.