Form 4: Berry Global Director Jill A. Rahman Acquires 2,092 Restricted Stock Units

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

Summary

• Jill A. Rahman, 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 Berry Global common stock.
• The restricted stock units will vest in full on the first anniversary of the grant date.
• The shares of common stock will be delivered to Ms. Rahman within 60 days following the vesting date.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock-based compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The grant of restricted stock units to a director aligns their interests with the long-term performance of the company.
• The vesting schedule encourages the director's continued service and contribution to the company.

Future Outlook

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

Industry Context

This is a standard practice for public companies to grant stock-based compensation to directors as part of their overall compensation package.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly traded companies to align their interests with shareholders.
• Many companies use similar vesting schedules, often with full vesting after one year, to incentivize long-term commitment.
• The delivery of shares within 60 days of vesting is also a typical timeframe.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of shareholders, potentially leading to better long-term performance.
• The vesting schedule encourages the director's continued service, which can benefit the company and its stakeholders.

Key Dates

Keywords

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