Company: GEF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0000043920-25-000004
Chunk: 53

Company: GREIF, INC
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 53
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IP. See “Compensation Discussion and Analysis - Long-Term Incentive Plan” above, based upon the dollar amount recognized for financial statement reporting purposes during fiscal 2024, 2023, and 2022 respectively, computed in accordance with ASC 718. For a discussion of the relevant ASC 718 valuation assumptions, see Note 7 in the Consolidated Financial Statements included in Item 8 of the 2024 Form 10-K. LTIP award payout amounts in this table were determined by multiplying the closing price of our Class A Common Stock as of December 13, 2024 ($66.61), December 12, 2023 ($62.83) and December 14, 2022 ($68.99) respectively, by the number of shares granted or to be granted to each NEO.

(3) Amounts represent the cash awards earned under the STIP. See “Compensation Discussion and Analysis - Elements of Our Compensation Program - Short-Term Incentive Plan."

(4) Amounts represent the change in the pension value for each NEO, including amounts accruing under our pension plans, the SERP, the DC SERP, the NQSP and the NQDCP. During fiscal 2024, the Company accrued above market interest with respect to the DC SERP, a nonqualified defined contribution plan, for Mr. Hilsheimer in the amount of $35,210, which was equal to the difference between the interest accrued at 6.48% and that which would have accrued at 5.36% (120% of the long-term applicable federal rate for October 2023). During fiscal 2024, the Company accrued above market interest with respect to the NQSP, a nonqualified defined contribution plan, for Mr. Rosgaard in the amount of $4,095, for Mr. Bergwall in the amount of $2,434, and for Mr. Sathyanarayanan in the amount of $1,598, which are equal to the difference between the interest accrued at 6.48% and that which would have accrued at 5.36% (120% of the long-term applicable federal rate for October 2023). None of the NEOs who participate in the NQDCP receive preferential or above market earnings. See "Executive Compensation Tables - Pension Benefits and Nonqualified Retirement and Deferred Compensation" for a description of all these plans.

(5) For all NEOs based in the U.S.,