Form 4: Berry Global Director Settles Restricted Stock Units

Director Evan Bayh settled 1,518 restricted stock units into common stock of Berry Global Group, Inc.

Summary

• Director Evan Bayh of Berry Global Group, Inc. settled 1,518 restricted stock units into common stock on November 20, 2024.
• The restricted stock units were granted on November 20, 2023, and vested in full on November 20, 2024.
• Each restricted stock unit represents the right to receive one share of Berry Global common stock.
• 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 company performance.

Positives

• The vesting of restricted stock units indicates a positive alignment of director interests with the company's performance.

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 and settlement of restricted stock units is a standard practice in executive compensation across various industries.
• Many companies use restricted stock units as a tool to align the interests of their executives with the long-term performance of the company.
• The specific vesting schedule and terms of the units are typical for similar roles in comparable companies.

Stakeholder Impact

• The settlement of restricted stock units has a minor dilutive effect on existing shareholders.

Key Dates

Keywords

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