Form 4: Berry Global Director Acquires 4,044 Restricted Stock Units

Director Stephen E. Sterrett acquired 4,044 restricted stock units of Berry Global Group, Inc. on November 22, 2024.

Summary

• Stephen E. Sterrett, a director at Berry Global Group, Inc., acquired 4,044 restricted stock units on November 22, 2024.
• These restricted stock units were granted under the company's 2015 Long-Term Incentive Plan.
• Each unit represents a contingent right to receive one share of Berry Global common stock.
• The restricted stock units will vest in full on the first anniversary of the grant date.
• Shares of common stock will be delivered 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 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, with shares delivered within 60 days of vesting.

Industry Context

This is a standard practice for incentivizing directors and aligning their interests with shareholders in publicly traded companies.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice across various industries, including packaging and manufacturing, to align their interests with long-term shareholder value.
• Companies like Amcor and Sealed Air also use similar equity-based compensation plans for their directors.
• The vesting period of one year is also a typical timeframe for such grants.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of shareholders.
• This type of compensation is a common practice and is not expected to have a significant impact on other stakeholders.

Next Steps

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

Key Dates

Keywords

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