ATLANTA (From news reports) -- Graphic Packaging Holding Company disclosed that its Compensation and Management Committee approved a retention package for Joseph P. Yost, Executive Vice President and President, Americas. The package includes a $2 million cash retention bonus and a grant of service-based restricted stock units (RSUs) valued at $2 million.

According to a statement issued in a Securities and Exchange Commission filing, Mr. Yost will receive the cash bonus as a lump-sum payment on the next regular pay date following January 2, 2027, provided he remains employed with the company or its subsidiaries through that date. The agreement also allows for payment in the event of termination due to death, disability, involuntary termination without cause, or resignation for good reason, as defined in the company's policies.

The service RSUs will be granted effective January 2, 2026, and will vest and become payable on January 2, 2027, contingent upon Mr. Yost's continued employment with the company or its subsidiaries through the vesting date.

The agreement was formalized in a Retention Bonus Agreement dated December 22, 2025, between Graphic Packaging International, LLC and Mr. Yost. The company's common stock is listed on the New York Stock Exchange under the ticker NYSE:GPK.

This information is based on a press release statement included in the company's recent SEC filing.

In other recent news, Graphic Packaging Holding Company announced a leadership change with Robbert Rietbroek set to become President and CEO effective January 1, 2026. This follows the company's update on its 2025 financial guidance, where it outlined cost reduction initiatives aimed at saving approximately $60 million by 2026. The company also anticipates one-time costs of $20 million related to severance and employment placement assistance for affected employees. In response to these developments, RBC Capital lowered its price target for Graphic Packaging to $15, citing reduced EBITDA estimates for the coming years. Meanwhile, Truist Securities reiterated its Hold rating with a $20 price target, attributing the leadership change to a strategic shift towards consumer packaged goods expertise. Additionally, Graphic Packaging reaffirmed its commitment to its Vision 2030 plan amidst feedback from investor Eminence Capital. These updates reflect the company's ongoing efforts to optimize costs and enhance operational efficiency.