Form 4: Berry Corp Director James M. Trimble Acquires 21,008 Restricted Stock Units
SEC Form 4 Filing
Director James M. Trimble acquired 21,008 restricted stock units in Berry Corp (bry) on February 29, 2024, which will vest on March 1, 2025, subject to continued employment.
Summary
- On February 29, 2024, James M. Trimble, 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 Berry Corp's common stock.
- The restricted stock units will vest on March 1, 2025, contingent upon Trimble's continued employment with the company.
- The transaction was reported on Form 4, filed with the SEC on March 4, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock unit grants, indicating a neutral sentiment.
Future Outlook
The restricted stock units will vest on March 1, 2025, contingent upon Trimble's continued employment.
Industry Context
This is a routine disclosure of stock-based compensation for a company director, common in publicly traded companies to align management interests with shareholder value.
Stakeholder Impact
- The grant of restricted stock units aligns the director's interests with those of the shareholders, incentivizing long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of transaction: James M. Trimble acquired 21,008 restricted stock units. |
| 03/01/2025 | Vesting date for the restricted stock units, contingent on continued employment. |
| 03/04/2024 | Date the Form 4 was signed. |
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