Stephen R. Scherger - Feb 20, 2023 Form 4 Insider Report for GRAPHIC PACKAGING HOLDING CO (GPK)

Role: EVP and CFO
Signature: /s/ Stephen R. Scherger By Laura Lynn Church, Attorney-in-Fact
Stock symbol: GPK
Transactions as of: Feb 20, 2023
Transactions value $: -$1,586,236
Form type: 4
Date filed: 2/21/2023, 12:14 PM
Previous filing: Feb 17, 2023
Next filing: May 9, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GPK	Common Stock	Options Exercise	$0	+32.3K	+6.39%	$0.00	538K	Feb 20, 2023	Direct
transaction	GPK	Common Stock	Tax liability	-$343K	-14.6K	-2.71%	$23.52	524K	Feb 20, 2023	Direct
transaction	GPK	Common Stock	Award	$0	+117K	+22.38%	$0.00	641K	Feb 20, 2023	Direct	F1
transaction	GPK	Common Stock	Tax liability	-$1.24M	-52.9K	-8.25%	$23.52	588K	Feb 20, 2023	Direct

Showing 1 to 4 of 4 entries

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 Retricted Stock Units	Options Exercise	$0	-32.3K	-100%	$0.00^*	0	Feb 20, 2023	Common Stock	32.3K	$0.00	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The number of securities represents the settlement of a previously granted Performance-Based Restricted Stock Unit award.