LeBeau Scott 4

What Happened
Scott LeBeau, Executive Vice President of Paperboard Manufacturing at Graphic Packaging Holding Co. (GPK), received a grant of 17,191 service-based Restricted Stock Units (RSUs) on February 25, 2026. The award was reported as a derivative grant (transaction code A) with a $0.00 per-share acquisition price — i.e., an RSU award as part of compensation rather than a cash purchase. The filing indicates the RSUs will convert to shares only as they vest.

Key Details

• Transaction date: 2026-02-25; form filed: 2026-02-26 (timely filing).
• Grant: 17,191 Service-Based RSUs; reported acquisition price: $0.00 (award/derivative).
• Vesting: RSUs vest in three substantially equal tranches on the 1st, 2nd and 3rd anniversaries of the grant (see F1).
• Expiration/conversion: RSUs convert to and are paid in shares upon vesting as described under "Date Exerciseable" (see F2).
• Additional note: This grant represents one-third of a larger total award that also includes performance-based RSUs; those performance RSUs will be reportable upon settlement.
• Shares owned after the transaction: not specified in the Form 4 filing.

Context
This was a compensation grant (RSUs), not an open-market buy or sale. RSUs do not represent immediate transferable shares until they vest and convert to common stock, so this is a routine executive compensation action rather than a direct bullish or bearish trading signal.