Company: GEF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0000043920-25-000004
Chunk: 50

Company: GREIF, INC
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 50
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 compensation disclosures in the 2023 proxy statement. Also, at our 2023 annual meeting of stockholders, the holders of Class B Common Stock approved a three-year frequency period for holding advisory votes on executive compensation of our NEOs.The next stockholder advisory vote on executive compensation of our NEOs will be held during the 2026 annual meeting of stockholders. The next stockholde r advisory vote on the frequency period of such votes will be held during the 2029 annual meeting of stockholders. The Compensation Committee will continue to review the design of our executive compensation program, particularly in light of our “say-on-pay” votes, executive compensation developments and our pay-for-performance philosophy, to align the executive compensation program consistent with the interests of our stockholders.

| Incentive Compensation Recovery Policy |

In 2023, our Board of Directors adopted an incentive compensation recovery policy, or clawback policy, that complies with the rules of the New York Stock Exchange. This clawback policy replaced our prior recoupment policy. Except in limited circumstances, this policy requires us to recover reasonably promptly the amount of erroneously awarded incentive-based compensation received by certain of our current or former officers in the event that we are required to prepare an accounting restatement of our financial statements due to a material noncompliance with any financial reporting requirements under the securities laws or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period. The amount of incentive-based compensation that is subject to this policy is the amount of incentive compensation received by an officer that exceeded the amount of

Greif - Proxy Statement 37

incentive-based compensation that such officer would have otherwise received had the incentive compensation been determined based on the restated amounts.

2024 Performance Reviews of CEO and Other NEO

The Compensation Committee reviews the performance of our CEO and other NEOs based upon certain pre-established performance categories approved by the Compensation Committee. The performance categories were determined by the Compensation Committee to be aligned with our compensation philosophy and objectives. These categories are as follows:

| 1.    Financial Performance Results          |
| 2.    Strategic Effectiveness and Innovation |
| 3.    Business Management                    |
| 4.    Talent Management                      |
| 5.    Personal Effectiveness                 |
| 6.    Board Relations (CEO only)             |

In reviewing Mr. Rosgaard’s performance as CEO for fiscal 2024, the Compensation Committee solicited written comments from all members of