Form 4: Ball Corp Executive Carey Causey Reports Stock Award Vesting
SEC Form 4 Filing
Carey Causey, SVP & Chief Growth Officer at Ball Corp, reported the vesting of performance-based restricted stock units.
Summary
- Carey Causey, a Senior Vice President and Chief Growth Officer at Ball Corp, has reported a transaction involving the vesting of restricted stock units.
- On January 28, 2025, 3,788 performance-contingent restricted stock units were awarded to Ms. Causey.
- These units were granted on January 26, 2022, and their vesting was contingent on the achievement of certain performance factors.
- The shares will vest on January 31, 2025, subject to Ms. Causey's continued employment.
- The total number of shares beneficially owned by Ms. Causey after this transaction is 20,578.9695, including shares held in a 401K.
Sentiment
Score: 7
Explanation: The document reflects a routine executive compensation event, indicating positive performance and alignment of interests. It is not a major event but is a positive sign.
Positives
- The vesting of performance-based restricted stock units suggests that performance targets were met.
- The increase in share ownership aligns the executive's interests with those of the shareholders.
Future Outlook
The shares will vest on January 31, 2025, subject to continued employment.
Industry Context
This is a standard SEC Form 4 filing related to executive compensation and is common practice for publicly traded companies.
Comparison to Industry Standards
- The use of restricted stock units as part of executive compensation is a common practice among publicly traded companies.
- Performance-based vesting is also a standard method to align executive interests with company performance.
- Companies like Crown Holdings and Ardagh Group, which are competitors of Ball Corp, also use similar compensation structures.
Stakeholder Impact
- The vesting of shares may be viewed positively by shareholders as it indicates that performance targets were met.
- The increase in share ownership aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 2022-01-26 | Date of the original grant of performance contingent restricted stock units. |
| 2024-09-16 | Date of the Power of Attorney document. |
| 2025-01-28 | Date of the determination of performance factor achievement and award of restricted stock units. |
| 2025-01-30 | Date of the signature of the Form 4 filing. |
| 2025-01-31 | Scheduled vesting date of the restricted stock units. |
Keywords
restricted stock units, stock vesting, insider trading, executive compensation, performance-based awards, Form 4, Ball Corp
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