Company: GEF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0000043920-25-000004
Chunk: 60

Company: GREIF, INC
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 60
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.48% as of October 31, 2023; discount rates for the SERP of 5.25% for October 31, 2024 and 6.4% as of October 31, 2023.

(2) See Note 9 in the Notes to Consolidated Financial Statements included in Item 8 of the 2024 Form 10-K for a discussion of the valuation method and material assumptions applied in quantifying the present value of the accumulated benefit.

| Nonqualified Retirement and Deferred Compensation |

#### Supplemental Executive Retirement Plan
We have a defined contribution supplement executive retirement plan ("DC SERP") for a select group of executive officers who are not eligible to participate in the pension plan. We accrue an amount equal to a specified percentage of the executive officer's base salary and annual short-term incentive plan bonus payments. This account is also credited annually with interest based on the discount rate used under the U.S. pension plan. Vesting under the DC SERP requires 10 years of service or the attainment of age 65. Vested

Greif - Proxy Statement 44

executive officers are entitled to the payment of a future benefit upon retirement equal to the accrued amounts and credited interest, which is payable in equal installments quarterly over 15 years.

The table below sets forth certain information concerning Mr. Hilsheimer's benefits under the DC SERP as of October 31, 2024. Mr. Hilsheimer is the only NEO currently participating in the DC SERP. He is fully vested in his accumulated benefit under the DC SERP since he has attained the age of 65.

| Name                   |     | Plan Name |     | Number of Years Credited Service  (#) |     | Value of Pay Credits and Above Market Interest in Last FY ($)(1) |         |     | Present Value of Accumulated Benefit ($) (2)(3) |           |     | Payments During Last FY 
 ($)                     |   |
| Lawrence A. Hilsheimer |     | DC SERP   |     |                                    10 |     |                                                                  | 355,052 |     |                                                 | 3,339,984 |     |                         | — |

(1) The amount in this column represents pay credits and above market interest credits accrued during fiscal 2024 under the DC SERP. This amount is also included in Mr. Hilsheimer's fiscal 2024 compensation in the Summary Compensation Table.

(2) The amount in this column represents the