Director Karen Morrison filed a statement of changes in beneficial ownership with the SEC on November 4, 2026, reporting the acquisition of 320.16 phantom stock units in Greif, Inc. on November 2, 2026.

Key Highlights

  • Reporting person: Karen Morrison, serving as a Director of Greif, Inc. (NYSE:GEF, NYSE:GEF-B)
  • Transaction date: November 2, 2026, with the filing submitted November 4, 2026
  • Securities acquired: 320.16 phantom stock units (cash-only rights) with a derivative price of $81.99 per unit, linked to Class A Common Stock
  • Post-transaction holdings: Morrison beneficially owns 3,678.21 phantom stock units following the reported transaction
  • Dividend component: The total includes 25.96 units received on October 1, 2026 in lieu of cash dividends on outstanding phantom units
  • Settlement terms: The phantom shares are to be settled in cash upon Morrison's termination from the Board due to retirement, death, or other reason
  • Filing agent: The form was signed by L. Dennis Hoffman, Jr. pursuant to a power of attorney filed with the Commission

Karen Morrison's Phantom Unit Acquisition at Greif, Inc.

According to the filing, Karen Morrison, a director of Greif, Inc., acquired 320.16 phantom stock units on November 2, 2026, under transaction code "A" (acquired). Greif, Inc. is a packaging products company whose shares trade on the New York Stock Exchange under two classes: Class A Common Stock (NYSE:GEF) and Class B Common Stock (NYSE:GEF-B). The phantom stock units involved in this transaction are described in the filing as "cash-only rights," meaning they carry no right to receive actual shares of Greif stock.

The filing states that each phantom stock unit "is the economic equivalent of one share of Class A Common Stock of Greif, Inc." The units were acquired at a price of $81.99 and are classified as directly owned derivative securities with a conversion or exercise price of $0. Settlement of the phantom units will occur in cash upon Morrison's departure from the Board, whether through retirement, death, or another reason, according to the filing. The filing also notes that 25.96 of the units within Morrison's total post-transaction holdings of 3,678.21 were received on October 1, 2026, in lieu of dividend payments on previously held phantom units, with dividends on one phantom unit described as "equivalent in value to dividends paid on one share of Class A Common Stock."

No transactions were reported in Table I covering non-derivative securities. The filing was submitted by L. Dennis Hoffman, Jr. acting under a power of attorney previously filed with the Commission on Morrison's behalf.

What Was Disclosed

Greif, Inc. director Karen Morrison reported the acquisition of 320.16 phantom stock units linked to Class A Common Stock on November 2, 2026, bringing her total beneficial ownership of these derivative securities to 3,678.21 units, all held directly and settleable in cash.