Company: GEF
Filing Date: 2025-02-27
Form Type: 10-Q
Source: 0000043920-25-000009
Chunk: 67

Company: GREIF, INC
Filing Date: 2025-02-27
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 31, 2025, the Company wrote down long-lived assets with a carrying value of $34.3 million to a fair value of $20.6 million, resulting in recognized asset impairment charges of $13.7 million. These charges include $1.5 million related to properties, plants and equipment, net, in the Durable Metal Solutions reportable segment and $12.2 million related to properties, plants and equipment, net, in the Sustainable Fiber Solutions reportable segment.For three months ended January 31, 2024, the Company wrote down long-lived assets with a carrying value of $1.3 million to a fair value of $0.0 million, resulting in recognized asset impairment charges of $1.3 million. These charges include $1.3 million related to properties, plants and equipment, net, in the Sustainable Fiber Solutions reportable segment.The assumptions used in measuring fair value of long-lived assets are considered level 3 inputs, which include bids received from third parties, recent purchase offers, market comparable information, and discounted cash flows based on assumptions that market participants would use.

NOTE 7 – STOCK-BASED COMPENSATION

Long-Term Incentive PlanThe Company granted 123,800 restricted stock units (“RSUs”) on December 13, 2024, for the performance period commencing on November 1, 2024 and ending September 30, 2027. The weighted average fair value of the RSUs granted on that date was $66.61.During 2025, the Company issued 49,269 shares of Class A Common Stock, which excludes shares withheld for the payment of taxes owed by recipients for RSUs vested, for the performance period commenced on November 1, 2021 and ended October 31, 2024.The Company granted 215,953 performance stock units (“PSUs”) on December 13, 2024, for the performance period commencing on November 1, 2024 and ending September 30, 2027. If earned, the PSUs are to be awarded in shares of Class A Common Stock. The weighted average fair value of the PSUs granted on that date was $61.19.

18

During 2025, the Company issued 161,641 shares of Class A Common Stock, which excludes shares withheld for the payment of taxes owed by recipients for PSUs vested, for the performance period commenced on November 1, 2021