Form 4: Berry Corp Director Rajath Shourie Acquires 21,008 Restricted Stock Units

Director Rajath Shourie acquired 21,008 restricted stock units in Berry Corp (BRY) on February 29, 2024, which will convert to common stock on March 1, 2025, contingent upon continued employment.

Summary

• On February 29, 2024, Rajath Shourie, a director of Berry Corp (BRY), acquired 21,008 Restricted Stock Units (RSUs).
• These RSUs will convert into 21,008 shares of common stock on March 1, 2025.
• The conversion is subject to Mr. Shourie's continued employment with the company.
• The price of each RSU is $0.00.
• Following this transaction, Mr. Shourie directly owns 21,008 shares of Berry Corp.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of stock units granted to a director. It indicates confidence from the director but doesn't inherently suggest positive or negative performance.

Positives

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

Future Outlook

The RSUs will convert to common stock on March 1, 2025, contingent upon continued employment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders may view the acquisition of RSUs by a director as a positive sign of alignment between management and shareholder interests.

Key Dates