Fallan Scott 4

What Happened Fallan Scott, SVP & President, International of Graphic Packaging (GPK), had 1,258 service-based restricted stock units (RSUs) convert into common shares on April 1, 2026. Of those converted shares, 592 were withheld to cover tax obligations at a per-share value of $9.59 (total withheld ≈ $5,677), leaving a net receipt of 666 shares. The RSUs are recorded as derivative instruments that expired upon conversion (see footnote).

Key Details

• Transaction date: 2026-04-01; Form filed 2026-04-02 (timely filing).
• Conversion: 1,258 RSUs converted into 1,258 common shares (coded M: exercise/conversion of derivative).
• Tax withholding: 592 shares withheld (coded F) at $9.59/share; total value withheld ≈ $5,677.
• Net shares received by insider: 666 shares.
• Footnote: F1 — Service-based RSUs expire upon conversion and payout in shares of common stock.
• Shares owned after the transaction: not stated in this filing.

Context This was not an open-market purchase or sale by the insider but a routine conversion/payout of RSUs with a tax-withholding “sell to cover.” Such conversions reflect compensation vesting rather than a market-directed buy or sell. The small withheld amount (~$5.7k) simply satisfied tax obligations and does not, by itself, indicate a change in insider sentiment.