Company: GEF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0000043920-25-000004
Chunk: 64

Company: GREIF, INC
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 64
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 all other participants in the LTIP, have agreed to certain post-employment covenants prohibiting them from becoming involved in any enterprise which competes with any business engaged in by us or our subsidiaries.

| PAY RATIO |

Pursuant to Item 402(u) of Regulati on S-K, for fiscal year 2024, the ratio of the total annual compensation of our CEO to the total annual compensation of the median employee was 152 to 1.

To identify the median employee, we first determined our global employee population consisting of full-time, part-time, seasonal and temporary employees as of October 31, 2024. We excluded all employees in India (231), Mexico (113), Malaysia (90), Costa Rica (52), Egypt (46), Vietnam (38), Algeria (38), Kenya (23), Guatemala (7) and Ukraine (3) under the de minimus exception, as the aggregate number of employees in those countries (641) represents less than 5% of our total global employee population of 13,848. After determining our global employee population, we then used the annual base salary reflected in our internal payroll system, converted into U.S. dollars, as our consistently applied compensation measure.

Once the median employee was identified, we calculated the median employees' compensation using the same methodology used to calculate the total compensation of our CEO as set forth in the Summary Compensation Table. The average median employee's annual total compensation was $56,026. The annual total compensation of our CEO was $8,512,454 as set forth in the Summary Compensation Table of this proxy statement.

| PAY VERSUS PERFORMANCE |

In accordance with the rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we are providing the following information regarding executive compensation for our Chief Executive Officer (CEO), who is our Principal Executive Officer (PEO), and non-PEO Named Executive Officers (NEOs) and Company financial performance for our three most recent fiscal years.

For further information concerning the Company's pay-for-performance philosophy and how the Company aligns executive compensation with the Company's performance, refer to "Compensation Discussion and Analysis - Compensation Philosophy and Objectives."

Greif - Proxy Statement 46

| Year                            |     | Summary Compensation Table Total for First PEO ($)(1) |     | Summary Compensation Table Total for Second PEO ($)(2) |     | Compensation Actually Paid to First PEO ($)(3)(8) |