Form 4: Berry Global Director Settles Restricted Stock Units

Robert Allan Steele, a director at Berry Global Group, Inc., settled 1,518 restricted stock units for common stock on November 20, 2024.

Summary

• Robert Allan Steele, a director at Berry Global Group, Inc., executed a transaction involving restricted stock units.
• On November 20, 2024, 1,518 restricted stock units were settled, resulting in the acquisition of 1,518 shares of common stock.
• The restricted stock units were granted on November 20, 2023, and vested in full on November 20, 2024.
• The number of previously disclosed Restricted Stock Units was adjusted to reflect the previously announced 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 generally neutral to positive. The vesting of stock units is a positive sign of alignment with shareholder value.

Positives

• The vesting of restricted stock units indicates a positive alignment of director interests with shareholder value.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• The vesting of restricted stock units is a standard practice in executive compensation across various industries.
• Many companies use similar vesting schedules for equity-based compensation to align executive interests with long-term shareholder value.
• Companies like Amcor, Sealed Air, and Sonoco also use restricted stock units as part of their compensation packages.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates

Keywords

Restricted Stock Units, Stock Settlement, Director Transaction, Berry Global Group, BERY, Insider Trading