Form 4: Berry Global Group CEO Settles Restricted Stock Units
SEC Form 4 Filing
Kevin J. Kwilinski, CEO of Berry Global Group, settled 53,658 restricted stock units into common stock on October 6, 2024.
Summary
- On October 6, 2024, Kevin J. Kwilinski, the Chief Executive Officer of Berry Global Group, settled 53,658 restricted stock units.
- These units were converted into an equal number of shares of BERY common stock.
- Following the transaction, Kwilinski directly owns 55,658 shares of common stock.
- The restricted stock units were granted on October 6, 2023, under the 2015 Long-Term Incentive Plan and vest in three equal installments annually.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction related to executive compensation, which is neither overtly positive nor negative. It's a neutral disclosure required by regulations.
Positives
- The settlement of restricted stock units indicates confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the conversion of existing equity-based compensation into common stock.
Key Dates
| Date | Description |
|---|---|
| October 6, 2023 | Date the restricted stock units were granted under the 2015 Long-Term Incentive Plan. |
| October 6, 2024 | Date of the transaction where 53,658 restricted stock units were settled into common stock. |
| October 7, 2024 | Date of signature of the report. |
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