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

James T. Glerum Jr., a director at Berry Global Group, Inc., acquired 2,092 restricted stock units on November 22, 2024.

Summary

• James T. Glerum Jr., a director of Berry Global Group, Inc., was granted 2,092 restricted stock units on November 22, 2024.
• These restricted stock units represent a contingent right to receive one share of BERY common stock each.
• The units were granted under the 2015 Long-Term Incentive Plan.
• 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 Mr. Glerum within 60 days following the vesting date.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, which is generally viewed positively as it aligns director interests with company performance. 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 one year from the grant date, and the 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

• Granting restricted stock units is a common practice among publicly traded companies to incentivize and retain key personnel, including directors.
• Many companies in the packaging and manufacturing sector use similar long-term incentive plans.
• The vesting period of one year is also a typical timeframe for such grants.

Stakeholder Impact

• Shareholders may view this as a positive sign of management's commitment to the company.
• The vesting schedule aligns the director's interests with the long-term success of the company.

Next Steps

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

Key Dates

Keywords

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