Form 4: BALL Corp. Director's Routine Equity Transactions

BALL Corp. Director Todd Penegor reported routine equity transactions involving restricted stock units and deferred compensation plan shares.

Summary

• Todd Allan Penegor, a Director of BALL Corp. (BALL), reported changes in his beneficial ownership of derivative securities.
• On September 15, 2025, 1,200 restricted stock units (RSUs) lapsed, which were granted in conjunction with the Deposit Share Program. Each RSU represents a contingent right to receive one share of Common Stock.
• Following this lapse, Penegor beneficially owns 9,462 restricted stock units.
• Also on September 15, 2025, 1,200 units from the Deferred Compensation Company Stock Plan lapsed. These units can be settled for stock or cash upon separation of service.
• Concurrently, 240 shares were awarded to Penegor under the Deferred Compensation Company Stock Plan as a company match.
• After these transactions, Penegor beneficially owns 5,802.7842 units in the Deferred Compensation Company Stock Plan.

Sentiment

Score: 5

Explanation: The filing reports routine, compensation-related insider transactions. There are no overtly positive or negative implications for the company's operational or financial performance. It reflects standard executive compensation practices.

Positives

• The acquisition of 240 shares under the Deferred Compensation Company Stock Plan as a company match indicates ongoing compensation and alignment of interests between the director and the company.

Negatives

• The lapse of 1,200 restricted stock units and 1,200 deferred compensation units represents a reduction in potential future equity, though it is a routine vesting/settlement event.

Future Outlook

No forward-looking statements or guidance are provided.

Industry Context

This is a routine insider transaction filing, common across all publicly traded companies. It reflects standard executive compensation practices involving equity awards and deferred compensation plans. It does not provide specific industry-related insights for the packaging and manufacturing sector where BALL Corp. operates.

Comparison to Industry Standards

• Equity-based compensation, including Restricted Stock Units (RSUs) and Deferred Compensation Plans, is a standard practice for executive and director compensation across most industries, including the packaging and manufacturing sector.
• The vesting schedule for RSUs (fourth anniversary of grant date) is within typical industry ranges, often ranging from 3 to 5 years.
• Deferred compensation plans, allowing for settlement upon separation of service, are also common mechanisms for executive retention and tax planning.
• No specific comparable companies, projects, or results are mentioned in the filing to allow for a direct quantitative comparison.

Related Party Transactions

• The reported transactions involve a director (Todd Allan Penegor) and the issuer (BALL Corp.) concerning equity compensation, which are by nature related-party transactions. These are routine compensation-related dealings and not indicative of unusual related-party transactions.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine compensation-related transactions, not open market sales or purchases that would signal a change in confidence or liquidity. They reflect standard executive compensation practices.
• Employees: No direct impact mentioned.
• Customers/Suppliers/Creditors: No direct impact mentioned.

Key Dates

Keywords

BALL Corp, BALL, Todd Penegor, Form 4, SEC filing, insider transaction, restricted stock units, deferred compensation, director compensation, equity ownership