Form 4: Berry Global Director Acquires Restricted Stock Units

Director Idalene Fay Kesner acquired 2,092 restricted stock units of Berry Global Group, Inc. on November 22, 2024.

Summary

• Idalene Fay Kesner, 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 Ms. Kesner within 60 days following the vesting date.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of equity compensation for a director, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The acquisition of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

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

Industry Context

This is a standard practice for compensating directors and aligning their interests with the long-term performance of the company. It is common for companies to use restricted stock units as part of their compensation packages.

Comparison to Industry Standards

• Granting 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 for their directors.
• The vesting period of one year is also fairly standard, aligning with typical long-term incentive plans.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially leading to better long-term performance.
• The vesting schedule encourages long-term commitment from the director.

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, director, insider trading, equity compensation, BERY, Berry Global Group