Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 123

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 123
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| Class A Common Stock:                                   |     |           |               |     |           |             |     |           |             |
| Basic shares                                            |     |           |    26,076,015 |     |           |  25,751,386 |     |           |  25,592,928 |
| Assumed conversion of stock options and unvested shares |     |           |       268,937 |     |           |     226,015 |     |           |     406,303 |
| Diluted shares                                          |     |           |    26,344,952 |     |           |  25,977,401 |     |           |  25,999,231 |
| Class B Common Stock:                                   |     |           |               |     |           |             |     |           |             |
| Basic and diluted shares                                |     |           |    21,331,127 |     |           |  21,331,127 |     |           |  21,472,531 |

#### NOTE 12 – LEASES
The Company leases certain buildings, warehouses, land, transportation equipment, operating equipment and office equipment with remaining lease terms from less than 1year up to 17years. The Company reviews all options to extend, terminate, or purchase a right of use asset at the time of lease inception and accounts for options deemed reasonably certain.

The Company combines lease and non-lease components for all leases, except real estate, for which these components are presented separately. Leases with an initial term of twelve months or less are not capitalized and are recognized on a straight-line basis over the lease term. The implicit rate is not readily determinable for substantially all of the Company’s leases, therefore the initial present value of lease payments is calculated utilizing an estimated incremental borrowing rate determined at the portfolio level based on market and Company specific information.

Certain of the Company’s leases include variable costs. As the right of use asset recorded on the balance sheet was determined based upon factors considered at the commencement date, changes in these variable expenses are not capitalized and are expensed as incurred throughout the lease term.

As of September 30, 2025, the Company had no significant leases that had not commenced.

The following table presents the lease expense components:

|                                               | Year Ended(in millions) | 11 Months | September 30, 2025 |     | 12 Months | October 31, 2024