Company: GEF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0000043920-25-000004
Chunk: 40

Company: GREIF, INC
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 40
---
 to bring together, in one place, all of the elements of compensation to our NEOs to assist the Compensation Committee with making compensation decisions for the next calendar year. These tally sheets typically contain the following information: current base salary; STIP payments for the preceding two fiscal years, and the anticipated payment for the fiscal year just ended; LTIP payments for the preceding two fiscal years, and the anticipated payment to be made for the three-year period just ended; the current va lue of the applicable supplemental executive retirement or supplemental deferred compensation plans; and the value of our perquisites. The Compensation Committee’s final compensation determination regarding one element of compensation is independent of all other elements of compensation and does not affect decisions regarding those other elements of compensation, other than to the extent that awards under the STIP and the LTIP are calculated by using a percentage of base salary.

| Base Salary |

Base salaries are primarily designed to provide competitive levels of compensation that attract and retain our executive officers. When determining base salaries for each NEO, the Compensation Committee considers their qualifications, experience, the scope of responsibilities, individual performance and contributions towards our success. Base salaries, which become effective the first pay period of the calendar year, are reviewed annually and are individually determined and may vary widely among our executive officers. The Compensation Committee does not target specific market data for base salaries, but rather compares the compensation levels of other executive officers with equivalent responsibility within our peer group companies and competitive market data to confirm that our base salaries are competitive within the market and with the compensation levels of other executive officers within the Company for internal fairness purposes.

In December 2024, the Compensation Committee approved the following base salaries for the NEOs for calendar year 2025. See “2024 Performance Reviews of CEO and Other NEOs” below for a discussion of the factors considered by the Compensation Committee in its decision to approve the 2025 base salaries, and the amount thereof, for each NEO.

| NEOs                |     | 2024 Base Salary |     | 2025 Base Salary | Percentage Change |
| Mr. Rosgaard        |     |       $1,050,000 |     |       $1,150,000 | 9.5%              |
| Mr. Hilsheimer      |     |         $816,815 |     |         $841,320 | 3%                |
| Mr. Martz           |     |         $682,148 |     |         $702,612 | 3%                |
| Mr. Bergwall