GPGI Director Paul Galant Receives Stock Option Awards

What Happened

• Paul Galant, a director of GPGI, was granted two stock option awards on 2026-06-11: 30,738 options and 10,246 options, for a total of 40,984 derivative shares. The filing shows an acquisition price of $0.00, indicating these were grants (compensation), not open-market purchases or sales.
• The options vest in equal annual installments of 25% beginning June 11, 2027 (i.e., over four years). The awards were issued under GPGI’s Non-Employee Director Compensation Policy at the director’s election in lieu of the $50,000 annual cash retainer.

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (timely within the required two business days).
• Securities: two derivative option grants — 30,738 and 10,246 shares (total 40,984).
• Reported acquisition price: $0.00 (grant/award).
• Vesting: 25% on June 11, 2027 and 25% on each of the next three anniversaries (see footnote).
• Issuance basis: pursuant to Amended and Restated Non-Employee Director Compensation Policy in lieu of the $50,000 cash retainer (per footnote).
• Shares owned after the transaction: not disclosed in this filing.

Context

• These entries are awards of stock options (compensation) rather than purchases or sales; they represent pay/retention incentives, not an immediate bullish purchase signal. The options have a multi-year vesting schedule and were not exercised or sold in this filing.