Form 4: Berry Global Director Acquires 2,092 Restricted Stock Units

A Berry Global Group director, Peter T. Thomas, acquired 2,092 restricted stock units on November 22, 2024, which will vest in full on the first anniversary of the grant date.

Summary

• Peter T. Thomas, a director at Berry Global Group, acquired 2,092 restricted stock units on November 22, 2024.
• These restricted stock units were granted under the 2015 Long-Term Incentive Plan.
• Each restricted stock unit represents a contingent right to receive one share of BERY common stock.
• The restricted stock units will vest in full on the first anniversary of the grant date.
• Shares of BERY common stock will be delivered to the reporting person within 60 days following the vesting date.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock units to a director, which is generally positive as it aligns interests. There is no indication of any negative sentiment.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.
• The vesting schedule aligns the director's interests with the long-term success of the company.

Future Outlook

The restricted stock units will vest on the first anniversary of the grant date, and shares will be delivered within 60 days of vesting.

Industry Context

This is a standard practice for executive compensation in publicly traded companies, aligning management's interests with shareholder value.

Comparison to Industry Standards

• The use of restricted stock units is a common practice for executive compensation across various industries, including packaging and manufacturing, where Berry Global operates.
• Many companies in the S&P 500 use similar long-term incentive plans to retain and motivate key personnel.
• The vesting period of one year is also a typical timeframe for such grants, aligning with industry norms.

Stakeholder Impact

• The acquisition of restricted stock units by a director can be viewed positively by shareholders as it aligns management's interests with the company's long-term performance.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Next Steps

• The restricted stock units will vest on the first anniversary of the grant date.
• Shares of BERY common stock will be delivered to the reporting person within 60 days following the vesting date.

Key Dates

Keywords

restricted stock units, insider trading, director, equity compensation, BERY, Berry Global Group, stock options, incentive plan