Form 4: Ball Corp Director Michael J. Cave Reports Stock Unit Transactions
SEC Form 4 Filing
Director Michael J. Cave reports transactions involving deferred compensation company stock plan units and restricted stock units.
Summary
- Michael J. Cave, a director of Ball Corporation, filed a Form 4 detailing changes in beneficial ownership.
- The transactions involve deferred compensation company stock plan units and restricted stock units.
- On September 15, 2024, 660 units from the Deferred Compensation Company Stock Plan lapsed, convertible to 660 shares of common stock at $66.
- Also on September 15, 2024, 660 restricted stock units lapsed, each representing a contingent right to receive one share of Ball Corporation Common Stock.
- Following these transactions, Cave directly owns 6,980.7359 shares through the Deferred Compensation Company Stock Plan and 880 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock unit transactions, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 09/15/2024 | Lapse of Restricted Stock Units deferred into Ball Corporation's Deferred Compensation Company Stock Plan and lapse of restricted stock units granted in conjunction with the Deposit Share Program. |
| 09/17/2024 | Date of signature for the Form 4 filing. |
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