Form 4: Berry Global Director Acquires Restricted Stock Units

Director Evan Bayh acquired 2,092 restricted stock units of Berry Global Group, Inc. on November 22, 2024, which will vest in full on the first anniversary of the grant date.

Summary

• Director Evan Bayh 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. Bayh 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 for aligning interests but not a major market-moving event.

Positives

• The grant 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 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 compensating directors and aligning their interests with the company's long-term performance. It is common for companies to use equity-based compensation to incentivize key personnel.

Comparison to Industry Standards

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

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 the vesting date.

Key Dates

Keywords

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