Form 4: Berry Global Group Director Bayh Reports Share Disposals Following Amcor Acquisition

Director Evan Bayh reports the disposal of Berry Global Group shares and derivative securities following the completion of the acquisition by Amcor plc on April 30, 2025.

Summary

• Evan Bayh, a director of Berry Global Group, filed a Form 4 detailing changes in beneficial ownership.
• The filing is triggered by the completion of Berry Global Group's acquisition by Amcor plc on April 30, 2025.
• As a result of the merger, Bayh's holdings in Berry Global Group common stock were disposed of.
• 28,258 shares were disposed of directly and 3,488 shares were disposed of indirectly through a revocable trust.
• Restricted Stock Units (RSUs) and stock options were also affected by the merger, being converted into Amcor ordinary shares or cash.
• Vested RSUs were cancelled and converted into the right to receive Amcor ordinary shares and cash for dividend equivalent rights (DERs).
• Unvested RSUs were converted into Amcor RSUs and restricted cash.
• Vested stock options were cancelled and converted into the right to receive Amcor ordinary shares and cash for DERs.
• Unvested stock options were assumed by Amcor and converted into Amcor stock option awards and restricted cash.
• The conversion ratio was 7.25 Amcor ordinary shares for each Berry Global Group share.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing following a merger, with no inherent positive or negative sentiment. It simply reports the changes in ownership.

Industry Context

The acquisition of Berry Global Group by Amcor plc reflects a trend of consolidation in the packaging industry, where companies seek to achieve greater scale and efficiency.

Stakeholder Impact

• Shareholders of Berry Global Group received Amcor ordinary shares as part of the merger consideration.
• Employees of Berry Global Group may experience changes as a result of the integration with Amcor.

Key Dates

Keywords

Form 4, Beneficial Ownership, Amcor, Merger, Berry Global Group, Acquisition, Director, Evan Bayh, Shares, RSU, Stock Options