DEANGELO JOSEPH J 4

What Happened Joseph J. DeAngelo, a director of GPGI, Inc. (GPGI), received two derivative awards (stock options) on 2026-06-11 covering 30,738 and 15,369 shares, a total of 46,107 underlying shares. The Form 4 reports $0.00 per share because these are option grants; the filing excerpt does not disclose the options' exercise price. This was a compensation grant (director election in lieu of cash), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (timely filed within SEC's 2-business-day window).
• Grant amounts: 30,738 shares and 15,369 shares (total 46,107 shares) reported as derivative awards.
• Price reported: $0.00 on the Form 4 (reflects option grant reporting; exercise price not shown in the excerpt).
• Vesting: Options vest 25% annually — first vesting on June 11, 2027, then on each of the first, second, and third anniversaries thereafter (four-year vesting).
• Reason: Issued under the Amended & Restated GPGI, Inc. Non-Employee Director Compensation Policy in lieu of the $75,000 annual cash retainer at the director's election.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context These are standard director compensation stock-option awards, which give the director the right to acquire shares in the future subject to vesting — they are not an immediate purchase or sale of stock. Because this is compensation for board service (not a market trade), it should be interpreted as routine corporate compensation rather than a direct signal of the director buying or selling shares.