Form 4: Berry Global Director Thomas Peter T. Acquires Shares Through Vesting of Restricted Stock Units

Director Thomas Peter T. of Berry Global Group, Inc. acquired 1,518 shares of common stock through the vesting of restricted stock units.

Summary

• Thomas Peter T., a director at Berry Global Group, Inc., acquired 1,518 shares of common stock on November 20, 2024.
• The acquisition resulted from the vesting of restricted stock units that were granted on November 20, 2023.
• Each restricted stock unit converted into one share of BERY common stock upon vesting.
• 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 viewed neutrally to slightly positive as it aligns management interests with shareholders.

Positives

• The vesting of restricted stock units indicates that the director has met the conditions for receiving the shares.
• The acquisition of shares by a director can be seen as a positive sign of confidence in the company.

Industry Context

This is a standard transaction related to executive compensation and is common in publicly traded companies.

Comparison to Industry Standards

• The vesting of restricted stock units is a common practice for compensating directors and executives in publicly traded companies.
• 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 positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Berry Global Group, BERY, Director, Thomas Peter T., Restricted Stock Units, Share Acquisition, Vesting