Company: GEF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0000043920-25-000004
Chunk: 36

Company: GREIF, INC
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 36
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 10-K. For fiscal 2024, our NEOs were:

| Name                    |     | Title                                                   |
| Ole G. Rosgaard         |     | President and Chief Executive Officer                   |
| Lawrence A. Hilsheimer  |     | Executive Vice President, Chief Financial Officer       |
| Gary R. Martz           |     | Executive Vice President, General Counsel and Secretary |
| Timothy L. Bergwall     |     | Senior Vice President, Chief Commercial Officer         |
| Bala V. Sathyanarayanan |     | Executive Vice President, Chief Human Resources Officer |

| Summary of Executive Compensation Governance Practices |

To achieve the objectives of our executive compensation program and emphasize our “pay-for-performance” philosophy, the Compensation Committee has continued to employ strong governance practices, including:

| We Do                                                                  |     | We Don’t Do                                                                       |
| üSignificant portion of executive total compensation “at risk”         |     | ûHedging or short sales by executive officers or directors                        |
| üObjective and different metrics for annual and long-term incentives   |     | ûSignificant perquisites                                                          |
| üCaps on annual and long-term incentive pay                            |     | ûPledging of Greif stock (requires pre-approval)                                  |
| üStock ownership guidelines and holding requirements                   |     | ûAccelerated vesting of equity awards upon retirement                             |
| ü"Pay for performance" incentive compensation confirmed by market data |     | ûEmployment contracts or change-in-control arrangements with executive management |
| üIncentive compensation recovery ("clawback") policy                   |     |                                                                                   |

| Compensation Committee |

The Compensation Committee, whose current members are Mark A. Emkes (Chair), John W. McNamara, Frank C. Miller and Kimberly T. Scott, has primary oversight for the design and implementation of our executive compensation program. The Compensation Committee administers our annual cash incentive bonus plan (the “Short-Term Incentive Plan” or “STIP”) and our long-term incentive plan (the "Long-Term Incentive Plan" or "LTIP"). The Compensation Committee utilizes an independent outside compensation consultant, Willis Towers Watson, to provide it with peer group data and market information. While Willis Towers Watson also provides other services to the Company, the Compensation Committee has determined that Willis Towers Watson is independent because they do not have a conflict of interest that would prevent them from providing objective advice to the Compensation Committee. In determining whether Willis Towers