Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses GEF in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named GEF in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Ole Rosgaard | $1,042,308 | $0 | $6,121,850 | $0 | $1,964,211 | $2,869 | $308,724 | $9,439,962 |
| President and Chief Executive Officer | ||||||||
| Lawrence Hilsheimer | 771,891 | 0 | 2,757,823 | 0 | 1,064,431 | 19,815 | 551,645 | 5,165,605 |
| Executive Vice President, Chief Financial Officer | ||||||||
| Gary Martz | 644,630 | 0 | 1,750,397 | 0 | 800,046 | 1,490,803 | 69,298 | 4,755,174 |
| Executive Vice President, General Counsel and Secretary | ||||||||
| Timothy Bergwall | 580,284 | 0 | 1,515,055 | 0 | 600,156 | 121,878 | 112,904 | 2,930,277 |
| Senior Vice President, Chief Commercial Officer | ||||||||
| Patrick Mullaney | 536,862 | 47,270 | 1,313,082 | 0 | 558,695 | 828 | 191,240 | 2,647,977 |
| Senior Vice President, Chief Business Unit Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Ole Rosgaard | $9,439,962 | — | — | — |
| Lawrence Hilsheimer | 5,165,605 | — | — | — |
| Gary Martz | 4,755,174 | — | — | — |
| Timothy Bergwall | 2,930,277 | — | — | — |
| Patrick Mullaney | 2,647,977 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Lawrence Hilsheimer | PSU | 2024-12-13 | 6,370 | 19,302 | — | 38,604 | $1,277,792 |
| Gary Martz | RSU | 2024-12-13 | — | — | 7,819 | — | 520,824 |
| Timothy Bergwall | RSU | 2024-12-13 | — | — | 7,039 | — | 468,868 |
| Patrick Mullaney | PSU | 2024-12-13 | 3,410 | 10,332 | — | 20,664 | 683,978 |
| Patrick Mullaney | PSU | 2024-12-13 | — | 220,795 | — | 441,589 | 883,179 |
| Ole Rosgaard | PSU | 2024-12-13 | — | 776,250 | — | 1,552,500 | 3,105,000 |
| Ole Rosgaard | RSU | 2024-12-13 | — | — | 25,260 | — | 1,682,569 |
| Ole Rosgaard | PSU | 2024-12-13 | 20,316 | 61,563 | — | 123,126 | 4,075,471 |
| Timothy Bergwall | PSU | 2024-12-13 | — | 237,180 | — | 474,359 | 948,719 |
| Timothy Bergwall | PSU | 2024-12-13 | 3,639 | 11,028 | — | 22,056 | 730,054 |
| Gary Martz | PSU | 2024-12-13 | — | 316,176 | — | 632,351 | 1,264,702 |
| Lawrence Hilsheimer | RSU | 2024-12-13 | — | — | 12,320 | — | 820,635 |
| Gary Martz | PSU | 2024-12-13 | 4,043 | 12,251 | — | 24,502 | 811,016 |
| Patrick Mullaney | RSU | 2024-12-13 | — | — | 6,594 | — | 439,226 |
| Lawrence Hilsheimer | PSU | 2024-12-13 | — | 420,660 | — | 841,320 | 1,682,639 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Lawrence Hilsheimer | $820,635 | $2,960,431 | $0 | 78.3% |
| Gary Martz | 520,824 | 2,075,718 | 0 | 79.9% |
| Timothy Bergwall | 468,868 | 1,678,773 | 0 | 78.2% |
| Patrick Mullaney | 439,226 | 1,567,157 | 0 | 78.1% |
| Ole Rosgaard | 1,682,569 | 7,180,471 | 0 | 81.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Ole Rosgaard | PSU | 161,892 | — | $9,674,666 |
| Gary Martz | RSU | 23,003 | — | 1,374,659 |
| Gary Martz | PSU | 35,713 | — | 2,134,209 |
| Patrick Mullaney | PSU | 29,038 | — | 1,735,311 |
| Ole Rosgaard | RSU | 67,102 | — | 4,010,016 |
| Lawrence Hilsheimer | RSU | 36,243 | — | 2,165,882 |
| Timothy Bergwall | PSU | 31,743 | — | 1,896,962 |
| Timothy Bergwall | RSU | 20,451 | — | 1,222,152 |
| Patrick Mullaney | RSU | 18,717 | — | 1,118,528 |
| Lawrence Hilsheimer | PSU | 56,267 | — | 3,362,516 |
The Compensation Committee's compensation philosophy and objectives are designed to align executive compensation with achieving business and financial goals that drive long-term stockholder value.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Willis Towers Watson |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-02-23 | 17,169,199 | 79,944 | 8,525 | 99.54% | Passed |
| 2023 | 2023-02-28 | 18,624,889 | 24,348 | 235,716 | 98.62% | Passed |
| 2020 | 2020-02-25 | 17,906,083 | 89,349 | 85,447 | 99.03% | Passed |
| 2017 | 2017-02-28 | 19,602,686 | 32,677 | 34,612 | 99.66% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-02-23 | 99.54%a |
| 2023 | 2023-02-28 | 98.62%b |
| 2020 | 2020-02-25 | 99.03%c |
a. Voting standard not stated in the filing.
b. Approved under the standard stated in the filing — “Abstentions will be counted as votes cast regarding Proposals 4 and 5 concerning the directors amended and restated equity award plan and the colleague stock purchase plan and will have the same effect as a vote against those proposals.”.
c. Approved under the standard stated in the filing — “Abstentions will be counted as votes cast regarding Proposals 3, 4 and 5 concerning our incentive plans and will have the same effect as a vote against those proposals.”.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | 209 : 1 |
|---|---|
| CEO total compensation | $9,439,962 |
| Median employee compensation | $45,084 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Bruce A. EdwardsIndependent · Board Chair · Stock Repurchase (Chair) | $235,053 | $159,947 | $0 | $0 | $0 | $395,000 |
| Mark A. EmkesIndependent · Compensation (Chair) · Nominating | 147,553 | 159,947 | 0 | 0 | 0 | 307,500 |
| Robert M. PattersonIndependent · Audit (Chair) · Stock Repurchase | 142,053 | 159,947 | 0 | 0 | 0 | 302,000 |
| John W. McNamaraIndependent · Nominating (Chair) · Compensation | 137,553 | 159,947 | 0 | 0 | 0 | 297,500 |
| Frank C. MillerIndependent · Nominating · Compensation · Stock Repurchase | 122,553 | 159,947 | 0 | 0 | 0 | 282,500 |
| Kimberly T. ScottIndependent · Compensation · Nominating | 122,553 | 159,947 | 0 | 0 | 0 | 282,500 |
| Karen A. MorrisonIndependent · Audit | 117,053 | 159,947 | 0 | 0 | 0 | 277,000 |
| Jillian C. EvankoIndependent · Audit | 117,053 | 159,947 | 0 | 0 | 0 | 277,000 |
| B. Andrew RoseIndependent · Audit · Compensation | 117,053 | 159,947 | 0 | 0 | 0 | 277,000 |
| Ole G. RosgaardEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | — |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 235,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,258,477 |
| Equity awards (grant-date value) | $1,439,523 |
| All other compensation | $0 |
| Total cost of the board | $2,698,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Greif | 2025 | Ole Rosgaard | $1,042,308 | $6,121,850 | $0 | $1,964,211 | $9,439,962 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Ole Rosgaard | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Summary Compensation Table”. As printed: 9,439,962. Filing ↗machine: r2 · c27 · span 635921–635930 |
| 2 | Section 01, Lawrence Hilsheimer | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Summary Compensation Table”. As printed: 5,165,605. Filing ↗machine: r5 · c27 · span 645167–645176 |
| 3 | Section 01, Gary Martz | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Summary Compensation Table”. As printed: 4,755,174. Filing ↗machine: r8 · c27 · span 654403–654412 |
| 4 | Section 01, Timothy Bergwall | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Summary Compensation Table”. As printed: 2,930,277. Filing ↗machine: r11 · c27 · span 663114–663123 |
| 5 | Section 01, Patrick Mullaney | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Summary Compensation Table”. As printed: 2,647,977. Filing ↗machine: r14 · c27 · span 672198–672207 |
| 6 | Section 03, Lawrence Hilsheimer PSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗ |
| 7 | Section 03, Gary Martz RSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗ |
| 8 | Section 03, Timothy Bergwall RSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗ |
| 9 | Section 03, Patrick Mullaney PSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗ |
| 10 | Section 03, Patrick Mullaney PSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r7 · c2 · span 535811–535818 |
| 11 | Section 03, Ole Rosgaard PSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r3 · c2 · span 531126–531135 |
| 12 | Section 03, Ole Rosgaard RSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗ |
| 13 | Section 03, Ole Rosgaard PSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗ |
| 14 | Section 03, Timothy Bergwall PSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r6 · c2 · span 534616–534623 |
| 15 | Section 03, Timothy Bergwall PSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗ |
| 16 | Section 03, Gary Martz PSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t71 · r5 · c2 · span 533398–533405 |
| 17 | Section 03, Lawrence Hilsheimer RSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗ |
| 18 | Section 03, Gary Martz PSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗ |
| 19 | Section 03, Patrick Mullaney RSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗ |
| 20 | Section 03, Lawrence Hilsheimer PSU | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t66 · r3 · c1 · span 499845–499852 |
| 21 | Section 07, pay ratio | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “CEO Pay Ratio”. As printed: 209 : 1. Filing ↗machine: span 865525–865528 |
| 22 | Section 08, Bruce A. Edwards | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Director Compensation”. As printed: 395,000. Filing ↗machine: t46 · r2 · c4 · span 340249–340256 |
| 23 | Section 08, Mark A. Emkes | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Director Compensation”. As printed: 307,500. Filing ↗machine: t46 · r3 · c4 · span 341412–341419 |
| 24 | Section 08, Robert M. Patterson | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Director Compensation”. As printed: 302,000. Filing ↗machine: t46 · r8 · c4 · span 347373–347380 |
| 25 | Section 08, John W. McNamara | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Director Compensation”. As printed: 297,500. Filing ↗machine: t46 · r5 · c4 · span 343870–343877 |
| 26 | Section 08, Frank C. Miller | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Director Compensation”. As printed: 282,500. Filing ↗machine: t46 · r6 · c4 · span 345035–345042 |
| 27 | Section 08, Kimberly T. Scott | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Director Compensation”. As printed: 282,500. Filing ↗machine: t46 · r10 · c4 · span 349850–349857 |
| 28 | Section 08, Karen A. Morrison | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Director Compensation”. As printed: 277,000. Filing ↗machine: t46 · r7 · c4 · span 346203–346210 |
| 29 | Section 08, Jillian C. Evanko | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Director Compensation”. As printed: 277,000. Filing ↗machine: t46 · r4 · c4 · span 342579–342586 |
| 30 | Section 08, B. Andrew Rose | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Director Compensation”. As printed: 277,000. Filing ↗machine: t46 · r9 · c4 · span 348537–348544 |
| 31 | Section 08, Ole G. Rosgaard | DEF 14A | 2026-01-09 | 0001628280-26-001556 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 32 | Section 06, 2026 vote | Form 8-K | 2026-02-25 | 0001628280-26-011756 | Item 5.07 · say-on-pay result. As reported: 99.54% (votes for as printed: 17,169,199). Filing ↗ |
| 33 | Section 06, 2023 vote | Form 8-K | 2023-03-03 | 0000043920-23-000013 | Item 5.07 · say-on-pay result. As reported: 98.62% (votes for as printed: 18,624,889). Filing ↗ |
| 34 | Section 06, 2020 vote | Form 8-K | 2020-03-02 | 0000043920-20-000023 | Item 5.07 · say-on-pay result. As reported: 99.03%. Filing ↗ |
| 35 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 36 | Section 09b board cost (computed) | Computed | — | computed | Cash 1,258,477 + equity 1,439,523 + all other 0 = 2,698,000, summed across the director compensation table rows.machine: formula: Σ = 2,698,000 |
| 37 | Greif (subject), Section 10b CEO total | DEF 14A | 2026-01-09 | 0001628280-26-001556 | CEO total compensation as printed in Greif's own proxy. As printed: 9,439,962. Filing ↗machine: r2 · c27 · span 635921–635930 |