GREIF, INC
For the period ended Mar 31, 2026. Filed Apr 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 29, 2026
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Unregistered Sales of Equity Securities and Use of Proceeds
(c.) Purchases of Equity Securities by the Issuer
In 2017, the Board of Directors authorized the Company to repurchase up to 4,000,000 shares of the Company’s Class A Common Stock or Class B Common Stock, or any combination of the foregoing (the “2017 Authorization”).
The Company has entered into two agreements for open market repurchases. One agreement, dated November 11, 2025, provides for the repurchase of shares of Class A Common Stock up to an aggregate amount not to exceed $120.0 million in total repurchases, and the other agreement, dated November 26, 2025, provides for the repurchase of shares of Class B Common Stock up to an aggregate amount not to exceed $30.0 million in total repurchases. As of March 31, 2026, the remaining number of shares that could be repurchased under the 2017 Authorization was 351,507 shares. Subsequent to the quarter, during April 2026, the Company purchased $2.8 million of shares of Class B Common Stock, or 31,720 shares, which completed the two open market repurchase agreements.
On December 9, 2025, the Board of Directors authorized the Company to repurchase shares of Class A Common Stock or Class B Common Stock, or any combination of the foregoing, up to an aggregate amount not to exceed $300.0 million in total purchases (the “2025 Authorization”). Repurchases of shares of Class A Common Stock or Class B Common Stock under the 2025 Authorization will not begin until after the completion of the repurchase of shares of Class A Common Stock or Class B Common Stock, as the case may be, under the 2017 Authorization.
See Note 10 to the Condensed Consolidated Financial Statements included in Item 1 of Part I of this Form 10-Q for additional information regarding this program and the repurchase of shares of Class A and B Common Stock.
During the three months ended March 31, 2026, the Company repurchased the following shares of its Class A and Class B Common Stock:
| Period · Total Number of Shares of Class A Common Stock Purchased · Average Price Paid per Share of Class A Common Stock* · Total Number of Shares of Class B Common Stock Purchased · Average Price Paid per Share of Class B Common Stock* · Total Number of Shares Purchased as Part of Publicly Announced Program · Approximate Dollar Value That May Yet be Purchased Under the Program | ||||||||
|---|---|---|---|---|---|---|---|---|
| January 1, 2026 to January 31, 2026 | — | $— | 96,581 | $80.08 | 96,581 | $314,113,013 | ||
| February 1, 2026 to February 28, 2026 | — | — | 43,153 | 86.63 | 43,153 | 310,374,803 | ||
| March 1, 2026 to March 31, 2026 | — | — | 89,907 | 84.08 | 89,907 | 302,815,222 | ||
| Total | — | 229,641 | 229,641 | |||||
*Average price paid per share reflects the weighted average purchase price paid for shares.
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