Elizabeth Spence - May 2, 2022 Form 4 Insider Report for GRAPHIC PACKAGING HOLDING CO (GPK)

Role
EVP, Human Resources
Signature
/s/ Elizabeth Spence by Laura Lynn Church, Attorney-in-Fact
Stock symbol
GPK
Transactions as of
May 2, 2022
Transactions value $
$0
Form type
4
Date filed
5/3/2022, 01:43 PM
Previous filing
Apr 4, 2022
Next filing
Feb 17, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GPK Service Based Restricted Stock Units Award $0 +22.9K $0.00 22.9K May 2, 2022 Common Stock 22.9K $0.00 Direct F1, F2
transaction GPK Service Based Restricted Stock Units Award $0 +10.7K $0.00 10.7K May 2, 2022 Common Stock 10.7K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Service-Based Restricted Stock Units vest and become payable in three annual installments (34%, 33% and 33%) beginning on the first anniversary of the date of grant.
F2 The Restricted Stock Units expire upon the conversion and payment in shares of the Company's Common Stock as described under "Date Exercisable".
F3 The Service Based Restricted Stock Units vest and become payable on February 22, 2025, except in the event of death, disability, retirement, involuntary termination or change in control.

Remarks:

The grant of Service-Based Restricted Stock Units that vest and become payable on February 22, 2025 is 1/3 of a total grant that also includes Performance-Based Restricted Stock Units, which are reportable upon settlement.