Form 4: Ball Corp Director Penegor Receives Restricted Stock Units

Director Todd Allan Penegor received 3,369 restricted stock units (RSUs) of Ball Corporation common stock on April 30, 2025, according to a Form 4 filing.

Summary

• On April 30, 2025, Todd Allan Penegor, a director of Ball Corporation, was granted 3,369 restricted stock units (RSUs).
• These RSUs represent a contingent right to receive one share of Ball Corporation Common Stock each.
• The grant was an annual Restricted Stock Unit Award under Ball Corporation's Stock and Cash Incentive Plan for non-employee Directors.
• Following the transaction, Penegor directly owns 10,662 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (granting of RSUs) which is generally viewed neutrally to positively as it aligns director interests with shareholders.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The Stock and Cash Incentive Plan is designed to reward and incentivize non-employee directors.

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 standard practice among publicly traded companies, including competitors like Crown Holdings and Ardagh Group.
• The number of RSUs granted is likely determined by factors such as company performance, director responsibilities, and industry benchmarks for director compensation.

Stakeholder Impact

• The RSU grant has a minor positive impact on shareholders by aligning director incentives with shareholder value.

Key Dates

Keywords

Form 4, Restricted Stock Units, RSU, Director, Beneficial Ownership, Ball Corp, BALL, Penegor