GPK

SEC source: 0001193125-26-057020 · ownership.xml · derivative · entry 8

LeBeau Scott · CIK 0002104254 · EVP, Paperboard Manufacturing

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 665

Underlying: Common Stock · 645 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payout in shares of the Company's Common Stock.

SEC source: 0001193125-26-057020 · ownership.xml · derivative · entry 7

LeBeau Scott · CIK 0002104254 · EVP, Paperboard Manufacturing

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 4,411 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payout in shares of the Company's Common Stock.

SEC source: 0001193125-26-057020 · ownership.xml · nonDerivative · entry 6

LeBeau Scott · CIK 0002104254 · EVP, Paperboard Manufacturing

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,242

SEC source: 0001193125-26-057020 · ownership.xml · nonDerivative · entry 5

LeBeau Scott · CIK 0002104254 · EVP, Paperboard Manufacturing

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,398

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001193125-26-057020 · ownership.xml · nonDerivative · entry 4

LeBeau Scott · CIK 0002104254 · EVP, Paperboard Manufacturing

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,753

SEC source: 0001193125-26-057020 · ownership.xml · nonDerivative · entry 3

LeBeau Scott · CIK 0002104254 · EVP, Paperboard Manufacturing

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,786

F1 · shares: The number of shares represents the settlement of a previously-granted Performance-Based Restricted Stock Unit award.

SEC source: 0001193125-26-057020 · ownership.xml · nonDerivative · entry 2

LeBeau Scott · CIK 0002104254 · EVP, Paperboard Manufacturing

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,051

SEC source: 0001193125-26-057020 · ownership.xml · nonDerivative · entry 1

LeBeau Scott · CIK 0002104254 · EVP, Paperboard Manufacturing

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,904

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001193125-26-037676 · ownership.xml · derivative · entry 1

Lischer Charles D · CIK 0001327389 · SVP, CAO and Interim CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 37,213

Underlying: Common Stock · 37,213 shares

Expires not disclosed

F1 · derivative.exercise_date: The Service-Based Restricted Stock Units vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the date of the grant, except in the event of death, disability, retirement, involuntary termination or termination for good reason.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payout in shares of the Company's Common Stock.

SEC source: 0001193125-26-002407 · ownership.xml · derivative · entry 1

Spence Elizabeth · CIK 0001920908 · EVP, Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 99,010

Underlying: Common Stock · 99,010 shares

Expires not disclosed

F1 · derivative.exercise_date: The Service-Based Restricted Stock Units vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the date of the grant, except in the event of death, disability, retirement, involuntary termination or termination for good reason.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payout in shares of the Company's Common Stock.

SEC source: 0001193125-26-002403 · ownership.xml · derivative · entry 1

Yost Joseph P · CIK 0001465633 · EVP & President, Americas

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 132,014

Underlying: Common Stock · 132,014 shares

Expires not disclosed

F1 · derivative.exercise_date: The Service-Based Restricted Stock Units vest and become payable on January 2, 2027, except in the event of death, disability, retirement, involuntary termination or termination for good reason.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payout in shares of the Company's Common Stock.

SEC source: 0001193125-26-002388 · ownership.xml · derivative · entry 1

Rietbroek Robbert · CIK 0002002890 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 265,605

Underlying: Common Stock · 265,605 shares

Expires not disclosed

F1 · derivative.exercise_date: The Service-Based Restricted Stock Units vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the date of the grant, except in the event of death, disability, retirement, involuntary termination or termination for good reason.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payout in shares of the Company's Common Stock.

SEC source: 0001193125-26-004403 · ownership.xml · derivative · entry 5

HAGEMANN ROBERT · CIK 0001222676 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 61,744

Underlying: Common Stock · 1,949 shares

Expires not disclosed

F1 · derivative.exercise_date: Reflects stock units acquired under the Graphic Packaging Holding Company Directors' Non-Qualified Deferred Compensation Plan. Such stock units are fully vested and generally payable in accordance with the Director's deferral elections solely in shares of the Issuer's common stock.

F2 · derivative.expiration_date: The Stock Units terminate upon their payout in shares of Common Stock.

SEC source: 0001193125-26-004403 · ownership.xml · derivative · entry 4

HAGEMANN ROBERT · CIK 0001222676 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 59,795

Underlying: Common Stock · 1,736 shares

Expires not disclosed

F1 · derivative.exercise_date: Reflects stock units acquired under the Graphic Packaging Holding Company Directors' Non-Qualified Deferred Compensation Plan. Such stock units are fully vested and generally payable in accordance with the Director's deferral elections solely in shares of the Issuer's common stock.

F2 · derivative.expiration_date: The Stock Units terminate upon their payout in shares of Common Stock.

SEC source: 0000950170-25-111590 · ownership.xml · nonDerivative · entry 1

Yost Joseph P · CIK 0001465633 · EVP & President, Americas

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 255,203

F1 · price: The 30,000 shares were sold through a number of separate trades, with sales price ranging from $22.6900 to $22.7750, and a weighted average sales price of $22.72. The reporting person undertakes to provide, upon request by the Staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

SEC source: 0000950170-25-102990 · ownership.xml · nonDerivative · entry 2

MARTENS PHILIP R · CIK 0001190851 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,811

F2 · price: The 7,015 shares were sold through a number of separate trades, with sales price ranging from $21.80 to $21.81, and a weighted average sales price of $21.80. The reporting person undertakes to provide, upon request by the Staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

SEC source: 0000950170-25-102990 · ownership.xml · nonDerivative · entry 1

MARTENS PHILIP R · CIK 0001190851 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 33,826

F1 · price: The 56,737 shares were sold through a number of separate trades, with sales price ranging from $21.80 to $21.87, and a weighted average sales price of $21.84. The reporting person undertakes to provide, upon request by the Staff of the Securities and Exchange Commission, the issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

SEC source: 0000950170-25-101405 · ownership.xml · nonDerivative · entry 2

DOSS MICHAEL P · CIK 0001373483 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Indirect · By Doss Investments, LLC

Disclosed balance after: 1,333,927

F1 · ownership.direct: Shares were transferred for no consideration to Doss Investments, LLC, a limited liability company owned and controlled solely by the reporting person and his spouse. The reporting person remains the beneficial owner of the shares.

SEC source: 0000950170-25-101405 · ownership.xml · nonDerivative · entry 1

DOSS MICHAEL P · CIK 0001373483 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 902,963

F1 · ownership.direct: Shares were transferred for no consideration to Doss Investments, LLC, a limited liability company owned and controlled solely by the reporting person and his spouse. The reporting person remains the beneficial owner of the shares.

SEC source: 0001193125-26-004403 · ownership.xml · derivative · entry 3

HAGEMANN ROBERT · CIK 0001222676 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 58,059

Underlying: Common Stock · 1,366 shares

Expires not disclosed

F1 · derivative.exercise_date: Reflects stock units acquired under the Graphic Packaging Holding Company Directors' Non-Qualified Deferred Compensation Plan. Such stock units are fully vested and generally payable in accordance with the Director's deferral elections solely in shares of the Issuer's common stock.

F2 · derivative.expiration_date: The Stock Units terminate upon their payout in shares of Common Stock.

SEC source: 0000950170-25-076319 · ownership.xml · nonDerivative · entry 1

MARTENS PHILIP R · CIK 0001190851 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 90,563

SEC source: 0000950170-25-076311 · ownership.xml · nonDerivative · entry 1

BRLAS LAURIE · CIK 0001235612 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,297

SEC source: 0000950170-25-076308 · ownership.xml · nonDerivative · entry 1

Callahan Andrew P · CIK 0001553018 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,015

SEC source: 0000950170-25-076306 · ownership.xml · nonDerivative · entry 1

Venturelli Larry M · CIK 0001348570 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 103,311.388

SEC source: 0001193125-26-004403 · ownership.xml · derivative · entry 2

HAGEMANN ROBERT · CIK 0001222676 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 56,693

Underlying: Common Stock · 7,015 shares

Expires not disclosed

F1 · derivative.exercise_date: Reflects stock units acquired under the Graphic Packaging Holding Company Directors' Non-Qualified Deferred Compensation Plan. Such stock units are fully vested and generally payable in accordance with the Director's deferral elections solely in shares of the Issuer's common stock.

F2 · derivative.expiration_date: The Stock Units terminate upon their payout in shares of Common Stock.

SEC source: 0001193125-26-004402 · ownership.xml · derivative · entry 1

Aghili Aziz · CIK 0001524680 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,129

Underlying: Common Stock · 7,015 shares

Expires not disclosed

F1 · derivative.exercise_date: Reflects stock units acquired under the Graphic Packaging Holding Company Directors' Non-Qualified Deferred Compensation Plan. Such stock units are fully vested and generally payable in accordance with the Director's deferral elections solely in shares of the Issuer's common stock.

F2 · derivative.expiration_date: The Stock Units terminate upon their payout in shares of Common Stock.

SEC source: 0001193125-26-004400 · ownership.xml · derivative · entry 1

Wentworth Lynn A · CIK 0001386671 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,129

Underlying: Common Stock · 7,015 shares

Expires not disclosed

F1 · derivative.exercise_date: Reflects stock units acquired under the Graphic Packaging Holding Company Directors' Non-Qualified Deferred Compensation Plan. Such stock units are fully vested and generally payable in accordance with the Director's deferral elections solely in shares of the Issuer's common stock.

F2 · derivative.expiration_date: The Stock Units terminate upon their payout in shares of Common Stock.

SEC source: 0000950170-25-063679 · ownership.xml · derivative · entry 3

Spence Elizabeth · CIK 0001920908 · EVP, Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 7,654 shares

Expires 2025-05-02

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000950170-25-063679 · ownership.xml · nonDerivative · entry 2

Spence Elizabeth · CIK 0001920908 · EVP, Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,386

SEC source: 0000950170-25-063679 · ownership.xml · nonDerivative · entry 1

Spence Elizabeth · CIK 0001920908 · EVP, Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 47,810

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001193125-26-004403 · ownership.xml · derivative · entry 1

HAGEMANN ROBERT · CIK 0001222676 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 49,678

Underlying: Common Stock · 1,208 shares

Expires not disclosed

F1 · derivative.exercise_date: Reflects stock units acquired under the Graphic Packaging Holding Company Directors' Non-Qualified Deferred Compensation Plan. Such stock units are fully vested and generally payable in accordance with the Director's deferral elections solely in shares of the Issuer's common stock.

F2 · derivative.expiration_date: The Stock Units terminate upon their payout in shares of Common Stock.

SEC source: 0000950170-25-030005 · ownership.xml · derivative · entry 1

Spence Elizabeth · CIK 0001920908 · EVP, Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,993

Underlying: Common Stock · 10,993 shares

Expires not disclosed

F1 · derivative.exercise_date: The Service-Based Restricted Stock Units vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the date of grant, except in the event of death, disability, retirement, involuntary termination or change in control.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payment in shares of the Company's Common Stock as described under "Date Exerciseable."

SEC source: 0000950170-25-030003 · ownership.xml · derivative · entry 1

Farrell Michael James · CIK 0001760451 · EVP, Mills Division

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,295

Underlying: Common Stock · 12,295 shares

Expires not disclosed

F1 · derivative.exercise_date: The Service-Based Restricted Stock Units vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the date of grant, except in the event of death, disability, retirement, involuntary termination or change in control.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payment in shares of the Company's Common Stock as described under "Date Exerciseable."

SEC source: 0000950170-25-029995 · ownership.xml · derivative · entry 1

Yost Joseph P · CIK 0001465633 · EVP & President, International

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,428

Underlying: Common Stock · 16,428 shares

Expires not disclosed

F1 · derivative.exercise_date: The Service-Based Restricted Stock Units vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the date of grant, except in the event of death, disability, retirement, involuntary termination or change in control.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payment in shares of the Company's Common Stock as described under "Date Exerciseable."

SEC source: 0000950170-25-030011 · ownership.xml · derivative · entry 1

Lischer Charles D · CIK 0001327389 · SVP & CAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,711

Underlying: Common Stock · 6,711 shares

Expires not disclosed

F1 · derivative.exercise_date: The Service-Based Restricted Stock Units vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the date of grant, except in the event of death, disability, retirement, involuntary termination or change in control.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payment in shares of the Company's Common Stock as described under "Date Exerciseable."

SEC source: 0000950170-25-030000 · ownership.xml · derivative · entry 1

Tashma Lauren S. · CIK 0001531575 · EVP, Gen Counsel & Secretary

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,167

Underlying: Common Stock · 16,167 shares

Expires not disclosed

F1 · derivative.exercise_date: The Service-Based Restricted Stock Units vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the date of grant, except in the event of death, disability, retirement, involuntary termination or change in control.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payment in shares of the Company's Common Stock as described under "Date Exerciseable."

SEC source: 0000950170-25-029991 · ownership.xml · derivative · entry 1

Scherger Stephen R. · CIK 0001546877 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,531

Underlying: Common Stock · 25,531 shares

Expires not disclosed

F1 · derivative.exercise_date: The Service-Based Restricted Stock Units vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the date of grant, except in the event of death, disability, retirement, involuntary termination or change in control.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payment in shares of the Company's Common Stock as described under "Date Exerciseable."

SEC source: 0000950170-25-029984 · ownership.xml · derivative · entry 1

Bidlingmaier Margie Kay · CIK 0001906514 · EVP and President, Americas

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,862

Underlying: Common Stock · 23,862 shares

Expires not disclosed

F1 · derivative.exercise_date: The Service-Based Restricted Stock Units vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the date of grant, except in the event of death, disability, retirement, involuntary termination or change in control.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payment in shares of the Company's Common Stock as described under "Date Exerciseable."

SEC source: 0000950170-25-029979 · ownership.xml · derivative · entry 1

DOSS MICHAEL P · CIK 0001373483 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 93,150

Underlying: Common Stock · 93,150 shares

Expires not disclosed

F1 · derivative.exercise_date: The Service-Based Restricted Stock Units vest and become payable in three substantially equal tranches on the first, second and third anniversaries of the date of grant, except in the event of death, disability, retirement, involuntary termination or change in control.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payment in shares of the Company's Common Stock as described under "Date Exerciseable."

SEC source: 0000950170-25-025673 · ownership.xml · derivative · entry 5

Spence Elizabeth · CIK 0001920908 · EVP, Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 10,655 shares

Expires 2025-02-22

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payout in shares of the Company's Common Stock.

SEC source: 0000950170-25-025673 · ownership.xml · nonDerivative · entry 4

Spence Elizabeth · CIK 0001920908 · EVP, Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 40,156

SEC source: 0000950170-25-025673 · ownership.xml · nonDerivative · entry 3

Spence Elizabeth · CIK 0001920908 · EVP, Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 59,116

F1 · shares: The number of shares represents the settlement of a previously-granted Performance-Based Restricted Stock Unit award.

SEC source: 0000950170-25-025673 · ownership.xml · nonDerivative · entry 2

Spence Elizabeth · CIK 0001920908 · EVP, Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,494

SEC source: 0000950170-25-025673 · ownership.xml · nonDerivative · entry 1

Spence Elizabeth · CIK 0001920908 · EVP, Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,261

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000950170-25-025686 · ownership.xml · derivative · entry 5

Farrell Michael James · CIK 0001760451 · EVP, Mills Division

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 16,017 shares

Expires 2025-02-22

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000950170-25-025686 · ownership.xml · nonDerivative · entry 4

Farrell Michael James · CIK 0001760451 · EVP, Mills Division

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 128,603

SEC source: 0000950170-25-025686 · ownership.xml · nonDerivative · entry 3

Farrell Michael James · CIK 0001760451 · EVP, Mills Division

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 156,397

F1 · shares: The number of shares represents the settlement of a previously-granted Performance-Based Restricted Stock Unit award.

SEC source: 0000950170-25-025686 · ownership.xml · nonDerivative · entry 2

Farrell Michael James · CIK 0001760451 · EVP, Mills Division

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 92,329

SEC source: 0000950170-25-025686 · ownership.xml · nonDerivative · entry 1

Farrell Michael James · CIK 0001760451 · EVP, Mills Division

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 99,312

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000950170-25-025713 · ownership.xml · derivative · entry 5

Yost Joseph P · CIK 0001465633 · EVP & President, International

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 20,866 shares

Expires 2025-02-22

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.expiration_date: The Service-Based Restricted Stock Units expire upon their conversion and payout in shares of the Company's Common Stock.