secwatch.observer — SEC 8-K summary
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Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2022-06-28T23:59:59+00:00
Accession:  0000043920-22-000054
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greif announces $150M share repurchase program, including $75M accelerated buyback
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- New $150M share repurchase program: $75M accelerated share repurchase (ASR) with Bank of America, plus $75M open-market purchases.
- ASR includes initial $75M payment; ~1M Class A shares delivered immediately (80% of expected), remainder by end of Q1 2023.
- Open-market purchases of Class A and B shares over 12-18 months, subject to market conditions and company discretion.
- Program reflects confidence in Greif's 'Build to Last' strategy and commitment to returning cash to shareholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392022000054/0000043920-22-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392022000054/gef-20220628.htm
  HTML page:      https://secwatch.observer/filing/0000043920-22-000054

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