Rietbroek Robbert 4

What Happened
Robbert Rietbroek, President & CEO and a director of Graphic Packaging Holding Co. (GPK), received a grant of 165,030 service-based restricted stock units (RSUs) on February 25, 2026. The transaction is reported as an award (code A) and shows $0.00 as the acquisition price (no cash purchase). These RSUs are derivative awards that will convert into shares of common stock when they vest.

Key Details

• Transaction date: 2026-02-25 (filed 2026-02-26) — filing appears timely.
• Award: 165,030 service-based RSUs; reported price $0.00 (derivative grant).
• Vesting: RSUs vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the grant date (see footnote).
• Expiration/settlement: Units expire upon conversion and payment in shares as described in the filing.
• Additional note: This grant represents the service-based portion (1/3) of a total award that also includes performance-based RSUs; performance units are reportable upon settlement.
• Shares owned following the transaction: not disclosed in the provided filing details.

Context
RSUs are compensation awards that convert to actual shares only upon vesting; they do not represent immediately tradable stock. Grants like this are common executive compensation and do not, by themselves, indicate insider buying or selling sentiment. Because part of the total award is performance-based, additional reportable events may follow when those performance RSUs vest or settle.