Form 4: Berry Corp Director Donald L. Paul Acquires 21,008 Restricted Stock Units

Director Donald L. Paul acquired 21,008 restricted stock units of Berry Corp (bry) on February 29, 2024, convertible to common stock on March 1, 2025, subject to continued employment.

Summary

• On February 29, 2024, Donald L. Paul, a director of Berry Corp (bry), acquired 21,008 restricted stock units.
• Each restricted stock unit represents a contingent right to receive one share of common stock of Berry Corporation.
• The restricted stock units are convertible to common stock on March 1, 2025, subject to the continued employment of Mr. Paul.
• The price of each derivative security is $0.00.
• Following the transaction, Mr. Paul directly owns 21,008 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction. The acquisition of stock units by a director can be seen as a slightly positive sign, but it's a routine occurrence.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future.

Risks

• The value of the restricted stock units is contingent upon Mr. Paul's continued employment with Berry Corp (bry).

Future Outlook

The restricted stock units will convert to common stock on March 1, 2025, contingent upon the continued employment of the reporting person.

Industry Context

This filing is a routine disclosure of insider transactions, common in publicly traded companies. It provides transparency regarding the holdings of company directors.

Stakeholder Impact

• The acquisition of restricted stock units by a director may have a slightly positive impact on shareholder sentiment.

Key Dates