Form 4: Ball Corp Executive Pitre Receives Stock Options and Restricted Stock Units

Kathleen Pitre, SVP & President NCA at Ball Corp, reports acquisition of stock options and restricted stock units.

Summary

• On February 21, 2025, Kathleen Pitre, SVP & President NCA of Ball Corporation, was granted restricted stock units and stock options under the Ball Corporation Stock and Cash Incentive Plan.
• She acquired 2,317 restricted stock units that convert to common stock on a one-for-one basis.
• These restricted stock units will vest on the third anniversary of the award date, contingent upon continued employment.
• Pitre also acquired 7,872 non-qualified stock options with an exercise price of $51.35.
• These options vest in approximately four equal annual installments, starting on the first anniversary of the award date, also subject to continued employment.
• The stock options expire upon termination, with certain grace periods, or ten years after the award date, whichever is less.
• Following these transactions, Pitre directly owns 2,317 restricted stock units and 7,872 stock options.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive.

Positives

• The grant of restricted stock units and stock options aligns Pitre's interests with those of the shareholders.
• The vesting schedules for both the restricted stock units and stock options incentivize continued employment and performance.

Risks

• The value of the stock options is dependent on the future stock price of Ball Corporation.
• The vesting of the restricted stock units and stock options is contingent upon continued employment, creating a potential risk if Pitre leaves the company.

Future Outlook

The document does not contain specific forward-looking statements, but the equity grants suggest an expectation of continued contributions from the executive.

Industry Context

This type of equity compensation is common for executives in publicly traded companies to align their interests with shareholders and incentivize performance.

Comparison to Industry Standards

• Equity compensation packages for executives in the packaging industry typically include a mix of stock options, restricted stock units, and performance-based awards.
• Companies like Crown Holdings and Amcor offer similar equity-based incentives to their executives.
• The vesting schedules and exercise prices are generally aligned with industry norms to retain talent and drive long-term value creation.

Stakeholder Impact

• Shareholders may view the equity grants positively as they align executive interests with company performance.
• Employees may see this as a positive sign of investment in leadership and the company's future.

Key Dates