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

Director Jonathan Foster 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

• Jonathan Foster, a director at 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 company's 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. Foster 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 as a neutral to slightly positive event as it aligns interests. There is no indication of any negative sentiment.

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.

Industry Context

This is a standard practice for incentivizing board members and aligning their interests with the long-term performance of the company. It is common for companies to use equity-based compensation for directors.

Comparison to Industry Standards

• Many public companies use restricted stock units as part of their compensation packages for directors.
• The vesting period of one year is a common practice to ensure long-term alignment.
• Companies like Amcor and Sealed Air also use similar equity-based compensation for their directors.

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.

Key Dates

Keywords

restricted stock units, insider trading, stock grant, director, equity, BERY, Berry Global