Nicholas J. Petitti - Aug 8, 2022 Form 4 Insider Report for GREIF, INC (GEF)

Role
10%+ Owner
Signature
/s/ Nicholas J. Petitti
Stock symbol
GEF
Transactions as of
Aug 8, 2022
Transactions value $
-$2,148,578
Form type
4
Date filed
8/10/2022, 01:53 PM
Previous filing
Feb 25, 2022
Next filing
Aug 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEF Class A Common Stock Sale -$1.9M -27.4K -58.34% $69.37 19.6K Aug 8, 2022 See footnote F1, F2, F3
transaction GEF Class B Common Stock Sale -$18K -261 -0.01% $69.07 2.32M Aug 8, 2022 See footnote F1, F3, F4
transaction GEF Class B Common Stock Sale -$227K -3.29K -0.14% $69.03 2.31M Aug 9, 2022 See footnote F1, F3, F5
holding GEF Class B Common Stock 404K Aug 8, 2022 Direct
holding GEF Class B Common Stock 260K Aug 8, 2022 See footnote F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were made pursuant to a Rule 10b5-1(c)(1) sales plan adopted by the reporting person on July 7, 2022. The primary purpose of these sales is to provide liquidity for the payment of estate taxes in connection with the estate of Judith D. Hook.
F2 A total of 27,435 Class A shares were sold at an average price of $69.37 per share. A total of 535 individual trades were executed at prices ranging from $68.24 per share to $69.88 per share.
F3 These shares are owned directly by the 2021 Amended and Restated Revocable (now Irrevocable) Trust Created by Judith D. Hook (the "JDH 2021 Trust"), a ten percent owner of the Issuer, and indirectly by Nicholas J. Petitti as successor trustee of the JDH 2021 Trust.
F4 A total of 261 shares were sold at an average price of $69.07 per share. A total of 15 individual trades were executed at prices ranging from $69.00 per share to $69.17 per share.
F5 A total of 3,294 shares were sold at an average price of $69.03 per share. A total of 46 individual trades were executed at prices ranging from $69.00 per share to $69.31 per share.
F6 The shares are owned directly by irrevocable or family trusts created by Ms. Hook and indirectly by Mr. Petitti as trustee or successor trust.