LeBeau Scott 4

What Happened

• LeBeau Scott, EVP, Paperboard Manufacturing at Graphic Packaging (GPK), had 805 service-based restricted stock units convert into 805 shares on Feb 26, 2026 (reported as derivative conversion, code M). No cash price was paid for the conversion ($0.00 per share).
• To satisfy tax withholding, 209 of those shares were surrendered (code F) at $12.10 per share, totaling $2,529. Net shares received by Scott were 596 (805 converted minus 209 withheld).
• This was a routine vesting/conversion and tax-withholding event rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-02-26.
• Conversion: 805 shares acquired via conversion of service-based RSUs (code M) at $0.00 per share.
• Tax withholding: 209 shares withheld (disposed) at $12.10/share, value $2,529 (code F).
• Net shares delivered to insider: 596 shares.
• Footnote: Service-based Restricted Stock Units expire upon conversion and payout in shares (per filing).
• Filing date: 2026-03-02; filing appears timely (no late filing indicated).

Context

• This is a vesting/conversion of restricted stock units with shares withheld to cover taxes — a common, routine occurrence that does not necessarily indicate a change in insider sentiment.
• Code meanings: M = exercise/conversion of a derivative (here, RSU conversion); F = shares delivered/surrendered to cover exercise cost or tax liability.