Interest Rate Risk GPGI Holdings uses variable‑rate debt to finance its operations. Following the deconsolidation on February 28, 2025, the Company has no material direct exposure to interest‑rate risk other than on cash and cash equivalents and short-term investments. The quantitative sensitivity below pertains to GPGI Holdings and is presented because GPGI Holdings’ results are reflected in the Company’s earnings in equity method investment. GPGI Holdings is exposed to interest rate risk on certain debt obligations. As of June 30, 2026, GPGI Holdings had $2,115.0 in debt outstanding, of which $1,215.0 was variable rate debt. The Company performed a sensitivity analysis based on the principal amount of GPGI Holdings' debt outstanding as of June 30, 2026. In this sensitivity analysis, the change in interest rates is assumed to be applicable for an entire year. An increase or decrease of 100 basis points in the applicable interest rate would cause an increase or decrease in interest expense of approximately $12.2 on an annual basis. 43 GPGI, INC. Item 4. Controls and Procedures ($ amounts in millions, except share and per share data)