Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 39

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 39
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urities Act”), as directors of the issuer of such securities. The issuance of these unregistered shares of Class A Common Stock was exempt from registration under Rule 506 of Regulation D and Section 4(2) of the Securities Act.

We pay quarterly dividends of varying amounts computed on the basis described in Note 11 of the Notes to Consolidated Financial Statements included in Item 8 of this Form 10-KT. The annual dividends declared for the last two years are as follows:

2025 Dividends per Share – Class A $2.18; Class B $3.26

2024 Dividends per Share – Class A $2.10; Class B $3.14

The terms of our current secured credit facilities and United States accounts receivable credit facility limit our ability to make restricted payments, which include dividends and purchases, redemptions and acquisitions of our equity interests. The payment of dividends and other restricted payments are subject to the condition that certain defaults do not exist under the terms of our current secured credit facilities and United States accounts receivable credit facility and, in the event that certain defaults exist, are limited in amount by a formula based, in part, on our consolidated net income. See “Liquidity and Capital Resources – Borrowing Arrangements” in Item 7 of this Form 10-KT.

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#### Performance Graph
The following graph compares the performance of shares of our Class A and B Common Stock to that of the Standard and Poor’s 500 (“S&P 500”) Index and the Dow Jones United States Containers and Packaging Index (“DJUSCP”) assuming $100 invested on October 31, 2020 and reinvestment of dividends for each subsequent year. The graph does not purport to represent our value.

## ITEM 6. [RESERVED]
None.

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## ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The terms “Greif,” the “Company,” “we,” “us” and “our” as used in this discussion refer to Greif, Inc. and its subsidiaries.

#### Greif Business System 2.0
The Greif Business System is a quantitative, systematic and disciplined business process that Greif has utilized for nearly 20 years. Through our focus on continuous improvement on safety, people, mindset and culture, we have accelerated our processes to