Form 4: Ball Corp Director Penegor Receives Annual Restricted Stock Unit Award

Director Todd Allan Penegor received 2,378 restricted stock units (RSUs) of Ball Corporation common stock on April 24, 2024, under the company's Stock and Cash Incentive Plan.

Summary

• On April 24, 2024, Todd Allan Penegor, a director of Ball Corporation, was granted 2,378 restricted stock units (RSUs).
• The RSUs were awarded under Ball Corporation's Stock and Cash Incentive Plan.
• Each RSU represents a contingent right to receive one share of Ball Corporation Common Stock.
• Following the transaction, Penegor directly owns 11,496 shares of Ball Corporation.
• The reporting person is the beneficial owner of additional shares and/or derivative securities of the issuer that are not disclosed on this Form 4.

Sentiment

Score: 7

Explanation: The document is a routine filing related to director compensation, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects alignment of director and shareholder interests.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The award was granted under Ball Corporation's Stock and Cash Incentive Plan.

Industry Context

This type of equity compensation is common for directors of publicly traded companies to align their interests with shareholders.

Comparison to Industry Standards

• Granting restricted stock units to non-employee directors is a common practice among publicly traded companies, including Ball Corp's competitors in the packaging industry such as Crown Holdings and Amcor.
• The size of the grant is likely determined by factors such as company performance, director responsibilities, and industry benchmarks for director compensation.

Stakeholder Impact

• The grant of RSUs to a director can have a slightly positive impact on shareholders by aligning the director's interests with the company's long-term success.

Key Dates