Form 4: Berry Global Group Director James T. Glerum Jr. Reports Changes in Beneficial Ownership Following Amcor Merger

Director James T. Glerum Jr. reports changes in beneficial ownership of Berry Global Group, Inc. stock following the completion of the merger with Amcor plc on April 30, 2025.

Summary

• James T. Glerum Jr., a director of Berry Global Group, Inc., filed a Form 4 on May 2, 2025, reporting changes in his beneficial ownership of the company's stock.
• The changes are a result of the merger between Berry Global Group, Inc. and Amcor plc, which was completed on April 30, 2025.
• Prior to the merger, Glerum held common stock indirectly through the James T. Glerum Investment Trust and the Mary E. Glerum Gift Trust.
• As a result of the merger, each share of Berry Global common stock was converted into the right to receive 7.25 Amcor ordinary shares plus cash in lieu of fractional shares.
• Vested restricted stock units (RSUs) were cancelled and converted into Amcor ordinary shares and cash.
• Unvested RSUs were converted into Amcor RSUs and restricted cash, subject to the same terms and conditions as the original RSUs.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing related to a completed merger. It doesn't convey strong positive or negative sentiment, but rather reports factual changes in ownership. The sentiment is neutral to slightly positive as the merger has been completed.

Future Outlook

The document does not contain specific forward-looking statements beyond the completion of the merger.

Industry Context

This announcement reflects the completion of a significant merger in the packaging industry, with Berry Global Group being acquired by Amcor plc. This type of consolidation can lead to increased market share and synergies for the acquiring company.

Comparison to Industry Standards

• Mergers and acquisitions are common in the packaging industry as companies seek to expand their product offerings, geographic reach, and market share.
• Amcor's acquisition of Berry Global is similar to other large-scale mergers in the industry, such as Ball Corporation's acquisition of Rexam, which aimed to create a global leader in metal packaging.
• The conversion ratio of 7.25 Amcor shares per Berry Global share is a key metric for evaluating the fairness of the deal to Berry Global shareholders, and is similar to other deals in the industry.

Stakeholder Impact

• Shareholders of Berry Global Group received Amcor shares and cash as a result of the merger.
• Employees of Berry Global Group may experience changes in their roles and responsibilities as the company integrates with Amcor.
• Customers and suppliers of Berry Global Group may see changes in the company's product offerings and supply chain as a result of the merger.

Key Dates

Keywords

Form 4, beneficial ownership, James T. Glerum Jr., Berry Global Group, Amcor, merger, restricted stock units, RSU, director