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

Director Sheffield Chaney acquired 2,092 restricted stock units of Berry Global Group, Inc. on November 22, 2024.

Summary

• Sheffield Chaney, a director at Berry Global Group, Inc., acquired 2,092 restricted stock units on November 22, 2024.
• These restricted stock units were granted under the company's 2015 Long-Term Incentive Plan.
• Each restricted stock unit represents the 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 viewed positively as it aligns interests. There are no negative implications.

Positives

• The acquisition of restricted stock units by a director can be seen as a positive sign of 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 document does not contain any forward-looking statements or guidance.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who acquire or dispose of company securities. It reflects a typical compensation practice of granting restricted stock units to directors.

Comparison to Industry Standards

• The granting of restricted stock units to directors is a common practice across many publicly traded companies, including those in the packaging and manufacturing sectors.
• Companies like Amcor and Sealed Air also use similar equity-based compensation plans to align the interests of their directors with those of shareholders.
• The vesting period of one year is also a standard practice, ensuring that directors have a long-term stake in the company's performance.

Stakeholder Impact

• The acquisition of restricted stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Next Steps

• The shares will be delivered to the reporting person within 60 days following the vesting date.

Key Dates

Keywords

restricted stock units, insider trading, share acquisition, director, BERY, Berry Global Group