Form 4: Berry Global Director Settles Restricted Stock Units

A Berry Global director, Meredith Harper, settled 1,518 restricted stock units for common stock on November 20, 2024.

Summary

• Meredith Harper, a director at Berry Global Group, Inc., settled 1,518 restricted stock units on November 20, 2024.
• These restricted stock units converted into 1,518 shares of BERY common stock.
• The restricted stock units were granted on November 20, 2023, and vested in full on November 20, 2024.
• The number of restricted stock units was adjusted to reflect the spinoff and merger of BERY's HHNF with Glatfelter Corporation.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. It is a normal part of operations.

Industry Context

This is a routine filing related to the vesting of equity compensation for a company director, which is a common practice in publicly traded companies.

Comparison to Industry Standards

• The vesting of restricted stock units is a standard form of executive compensation across the industry.
• Many companies use similar vesting schedules, often with a one-year cliff vesting period as seen in this case.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it increases the number of outstanding shares by a small amount.

Key Dates

Keywords

restricted stock units, stock settlement, director transaction, insider trading, BERY, Berry Global