Form 4: Berry Global Group Director Jonathan F. Foster Executes Stock Option, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Jonathan F. Foster exercised stock options and reported changes in beneficial ownership of Berry Global Group, Inc. shares.
Summary
- On May 2, 2024, Jonathan F. Foster, a director of Berry Global Group, Inc., executed a stock option.
- Foster acquired 14,000 shares of common stock at a price of $22.95 per share.
- A 'net exercise' of outstanding stock options resulted in Foster receiving 8,496 shares.
- The company withheld 5,504 shares for payment of the exercise price, using a closing stock price of $58.38 on May 2, 2024.
- Following the transaction, Foster directly owns 14,224 shares of common stock.
- Foster also owns 73,235 director stock options.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be informative for investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of transaction: Stock option exercise and net settlement. |
| 05/06/2024 | Date of signature on the report. |
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