Company: GEF
Filing Date: 2025-06-06
Form Type: 11-K
Source: 0000043920-25-000026
Chunk: 10

Company: GREIF, INC
Filing Date: 2025-06-06
Form: 11-K
Chunk 10
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.A.) (John Hancock) totaling $0.5 million as of December 31, 2024. John Hancock maintains the contributions in a general account. The account is credited with earnings on the underlying investments and charged for participant withdrawals and administrative expenses. The crediting interest rates are based on an agreed-upon formula with the contract issuer, and are guaranteed for an agreed upon period, usually one year.

Certain events might limit the ability of the Plan to transact at contract value with the issuer. Such events include (1) amendments to the Plan documents (including complete or partial Plan termination or merger with another plan), (2) changes to the Plan’s prohibition on competing investment options or deletion of equity wash provisions, (3) bankruptcy of the Plan sponsor or other Plan sponsor events (for example, divestitures or spin-offs of a subsidiary) that cause a significant withdrawal from the Plan, or (4) the failure of the trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA. No events are probable of occurring that might limit the ability of the Plan to transact at contract value with the contract issuer and that also would limit the ability of the plan to transact at contract value with the participants.

In addition, certain events allow the issuer to terminate the contract with the Plan and settle at an amount different from contract value. Such events include (1) an uncured violation of the Plan’s investment guidelines, (2) a breach of material obligation under the contract, (3) a material misrepresentation, (4) a material amendment to the agreement without consent of the issuer.

#### Note 5 - Party-in-Interest Transactions
The Plan also invests in the common stock of Greif, Inc. As of December 31, 2024 and 2023, the Plan owned 136,080 and 165,894 shares of the Greif, 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