Company: GEF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0000043920-25-000004
Chunk: 59

Company: GREIF, INC
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 59
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 three-year average compensation of the last five years worked by the executive officer and reduced for less than 20 years of continuous service and for receiving benefits prior to the executive officer’s normal retirement age. “Compensation” for purposes of the SERP includes base salary and payments under the STIP, and benefits are payable quarterly under the SERP for 15 years. “Normal retirement age” under the SERP is 65. Generally, vesting under the SERP requires 10 years of service or the attainment of the normal retirement age. Mr. Martz is the only NEO eligible to participate in the SERP, and he is fully vested in his benefits under the SERP.

#### Pension Benefits in Fiscal 2024
The table below sets forth the years of service and present value of the accumulated benefit for each of the eligible NEOs under the U.S. pension plans and SERP described above as of October 31, 2024. Mr. Bergwall is not eligible to participate in our SERP, and Messrs. Rosgaard, Hilsheimer and Sathyanarayanan are not eligible to participate in our pension plans or SERP.

| Name                |     |         Plan Name |     | Number of Years Credited Service (#) |           |     | Present Value of Accumulated Benefit ($) (1)(2)(3) |         |     | Payments During Last FY ($) |   |
| Gary R. Martz       |     | U.S. Pension Plan |     |                                   23 |           |     |                                                    | 949,743 |     |                             | — |
| SERP                |     |                23 |     |                                      | 6,535,326 |     |                                                    |       — |     |                             |   |
| Timothy L. Bergwall |     | U.S. Pension Plan |     |                                   23 |           |     |                                                    | 755,727 |     |                             | — |

(1) Assumptions for calculations:

(A) Age 65 commencement for Messrs. Martz and Bergwall.

(B) No decrements for death nor termination prior to age 65.

(C) The mortality assumption for the U.S. pension plan uses Pri-2012 projected forward using the MP-2021 projected scale as of October 31 for both 2024 and 2023.

(D) Discount rates for the U.S. pension plan of 5.49% as of October 31, 2024 and 6