Company: GEF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0000043920-25-000004
Chunk: 55

Company: GREIF, INC
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 55
---
%) cash award opportunity under the STIP for the performance period beginning November 1, 2023 and ending October 31, 2024. See “Compensation Discussion and Analysis - Elements of Our Compensation Program - Short-Term Incentive Plan.” The actual payments earned by each NEO in fiscal 2024 and paid in fiscal 2025 are shown in the Summary Compensation Table in the Non-Equity Incentive Plan Compensation column.

(3) In fiscal 2024, each NEO was selected to participate in the LTIP. The amounts represent the threshold (33%), target (100%) an d maximum (200%) PSU award opportunity under the LTIP for the three-year performance period beginning November 1, 2023 and ending September 30, 2026. The PSUs granted may vest depending on performance results achieved during the performance period. See “Compensation Discussion and Analysis - Elements of Our Compensation Program - Long-Term Incentive Plan.”

(4) In fiscal 2024, each NEO was selected to participate in the LTIP. The amounts represent the RSU awards granted to each NEO under the LTIP for the performance period beginning November 1, 2023 and ending September 30, 2026. The RSUs granted are time-based and are scheduled to vest on January 14, 2026, subject to certain forfeiture events. See “Compensation Discussion and Analysis - Elements of Our Compensation Program - Long-Term Incentive Plan.”

(5) The grant date fair market value of the RSUs and PSUs granted in fiscal 2024 were calculated in accordance with FASB ASC Topic 718 (excluding the effect of forfeitures) as of December 12, 2023. For RSUs, the market or payout value has been determined by multiplying the number of RSUs awarded by $62.83, the closing price of our shares of Class A Common Stock on the grant date of the RSUs. For PSUs, the market or payout value has been determined by multiplying the number of PSUs awarded at target by $60.77, the fair market value of the PSUs.

Greif - Proxy Statement 42

| Equity Compensation Plan Information |

The following table summarizes the number of securities remaining available for future issuance under each approved equity compensation plan as of October 31, 2024.

| Plan Category                                                |     | Number of Securities to be Issued Upon Exercise of Outstanding Options |     | Weighted Average Exercise Price of Outstanding Options