Form 4: Berry Global Group Director Reports Share and Derivative Disposal Following Amcor Acquisition

Director Chaney Sheffield reports the disposal of Berry Global Group shares and derivative securities due to the completion of the acquisition by Amcor plc on April 30, 2025.

Summary

• Chaney Sheffield, a director of Berry Global Group, filed a Form 4 detailing changes in beneficial ownership following the acquisition of Berry Global Group by Amcor plc on April 30, 2025.
• The acquisition resulted in the conversion of Berry Global Group common stock into the right to receive 7.25 Amcor ordinary shares per Berry share.
• Sheffield disposed of 54,324 shares of common stock directly and 271 shares indirectly through a spouse.
• Restricted Stock Units (RSUs) and stock options were also affected by the acquisition, with vested RSUs and options being converted into the right to receive Amcor ordinary shares and cash, while unvested RSUs and options were converted into Amcor RSUs and options.
• Vested options with an exercise price equal to or greater than the merger consideration value were cancelled without consideration.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a completed acquisition. It doesn't convey any particular positive or negative sentiment, but rather reports factual changes in ownership.

Future Outlook

The document does not contain any forward-looking statements regarding the future outlook of Amcor or Berry Global Group.

Industry Context

This announcement reflects a major consolidation in the packaging industry, with Amcor acquiring Berry Global Group to expand its market presence and capabilities. Such acquisitions are common in the industry as companies seek to achieve economies of scale and broaden their product offerings.

Stakeholder Impact

• Shareholders of Berry Global Group received Amcor shares and/or cash as a result of the acquisition.
• Employees with unvested equity awards will now hold Amcor equity awards.

Key Dates

Keywords

Form 4, Beneficial Ownership, Amcor, Berry Global Group, Acquisition, Merger, Shares, Options, RSUs, Director