Company: GEF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0000043920-25-000004
Chunk: 42

Company: GREIF, INC
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 42
---
WC performance metrics are weighted 80% and 20%, respectively. The Compensation Committee selected these performance metrics in order to factor in the dynamics of the market environment to better align the interests of our executive officers with those of our stockholders and to improve cash generation and the Company's use of working capital. The STIP performance goal achievement threshold was 50% of the target award for the 2024 performance period. In December 2023, the Compensation Committee established the following performance metrics for the fiscal 2024 STIP.

| Fiscal 2024 STIP    
 Performance Metrics |     | Threshold      
 (50% Payout)   |     | Target         
 (100% Payout)  |     | Maximum       
 (200% Payout) |
| 80% OPBSI           |     | $316.5 million |     | $376.8 million |     | $596 million  |
| 20% OWC             |     | 11.5%          |     | 10.9%          |     | 10.3%         |

In December 2024, the Compensation Committee adjusted the performance metrics for the fiscal 2024 STIP to reflect the impact of significant acquisitions and divestitures during the 2024 fiscal year. The table below summarizes the adjusted fiscal 2024 STIP performance metrics. The aggregate payout to the NEOs was 133.9% of the target award.

| Fiscal 2024 STIP    
 Performance Metrics |     | Threshold      
 (50% Payout)   |     | Target         
 (100% Payout)  |     | Maximum       
 (200% Payout) |     | Actual Performance |     | Actual Percentage Payout |
| 80% OPBSI           |     | $318.6 million |     | $379.3 million |     | $596 million  |     | $439.6 million     |     | 127.8%                   |
| 20% OWC             |     | 11.9%          |     | 11.3%          |     | 10.7%         |     | 10.9%              |     | 158.3%                   |

The table below summarizes the fiscal 2025 STIP performance goals established by the Compensation Committee in December 2024 based on its evaluation of our business plan and projected results for the next fiscal year.

| Fiscal 2025 STIP    
 Performance Metrics |     | Threshold      
 (50%