Lischer Charles D 4

What Happened

• Charles D. Lischer, SVP, CAO and Interim CFO of Graphic Packaging Holding Co. (GPK), converted a total of 2,868 service-based restricted stock units (RSUs) into shares on Feb 26, 2026. Of those, 654 shares were surrendered/withheld to cover tax withholding at an indicated value of $12.10 per share (total ~$7,913). The remaining 2,214 shares were delivered to Mr. Lischer.
• This was a vesting/conversion event (not an open-market purchase). It is a routine, non-purchase event: RSUs converted into common stock and a portion withheld for taxes.

Key Details

• Transaction date: February 26, 2026.
• Actions reported: Exercise/conversion of derivatives (code M) for 2,868 RSU-derived shares (2,214 shares delivered; 654 shares withheld/disposed). Tax withholding (code F) of 654 shares at $12.10 each, totaling $7,913.
• Footnote: The service-based RSUs expire upon conversion and payout in shares of the Company's common stock.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Filing date: March 2, 2026 (the Form 4 was filed six days after the reported transaction date). Form 4s are generally due within two business days; this gap may indicate a late filing — check the full filing for any late-filing explanation.

Context

• This was a conversion/vesting of RSUs, not a market buy or sale signaling a trading decision. The withheld 654 shares were used to satisfy tax withholding obligations (a common, routine step when equity awards vest).
• For retail investors: such conversions reflect compensation vesting rather than a direct insider directional bet on the stock.