Form 4: Berry Corp Director Anne L. Mariucci Acquires 21,008 Restricted Stock Units

Director Anne L. Mariucci reports acquisition of 21,008 Restricted Stock Units in Berry Corp (BRY) on February 29, 2024, exercisable on March 1, 2025, subject to continued employment.

Summary

• On February 29, 2024, Anne L. Mariucci, a director of Berry Corp (BRY), acquired 21,008 Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one share of Berry Corp common stock.
• The RSUs are exercisable on March 1, 2025, contingent upon Mariucci's continued employment with the company.
• The transaction was reported on Form 4, filed with the SEC on March 4, 2024.

Sentiment

Score: 6

Explanation: The document is a neutral regulatory filing. The acquisition of RSUs is generally a positive sign, but it's a routine event.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Risks

• The value of the RSUs is contingent upon Mariucci's continued employment with Berry Corp.

Future Outlook

The RSUs will vest on March 1, 2025, contingent on continued employment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a grant of restricted stock units, a common form of executive compensation.

Stakeholder Impact

• The acquisition of RSUs by a director can be viewed positively by shareholders as it aligns management's interests with the company's long-term success.

Key Dates