Company: GEF
Filing Date: 2025-06-10
Form Type: 11-K/A
Source: 0000043920-25-000034
Chunk: 10

Company: GREIF, INC
Filing Date: 2025-06-10
Form: 11-K/A
Chunk 10
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 Inc.’s Class A Common Stock with a fair value of $8.3 million and $10.9 million, respectively. As of December 31, 2024 and 2023, the cost basis of Greif, Inc.’s Class A Common Stock was $8.7 million and $10.5 million, respectively. Dividends earned from Greif, Inc. were $0.3 million for the year ended December 31, 2024.

Certain members of Greif Packaging LLC management perform administrative and fiduciary duties for the Plan that qualify them as parties-in-interest and/or related parties of the Plan. Transactions between such members of Greif Packaging LLC management and the Plan were routine in nature and conducted pursuant to the Plan’s provisions as of and during the year ended December 31, 2024.

Principal Life Insurance Company (Principal) is a party-in-interest with respect to the plan as the plan’s trustee and custodian. The Sponsor is a party-in-interest with respect to the Plan. The Plan reimburses the Sponsor only for direct costs for necessary services provided. Highland Consulting Associates, LLC and Edelman Financial Engines, LLC are parties-in-interest with respect to the plan as both parties provide investment advisory services to the plan or participants directly. GBQ Partners, LLC (GBQ) is a party-in-interest with respect to the plan as GBQ provides audit services to the plan.

The transactions mentioned above qualify as party-in-interest transactions; however, they are exempt from the prohibited transactions rules under ERISA.

#### Note 6 - Income Tax Status
The Plan has received a determination letter from the Internal Revenue Service ("IRS") dated August 6, 2021, stating that the Plan is qualified under Section 401(a) of the IRC and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the IRS, the Plan was amended. Once qualified, the Plan is required to operate in conformity with the IRC to maintain its qualified status. The Plan Sponsor believes the Plan is being operated in compliance with the applicable requirements of the IRC and, therefore, believes the Plan, as amended, is qualified and the related trust is tax-exempt.

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GAAP requires Plan management to evaluate uncertain tax positions taken by the Plan. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax