Form 4: Berry Global Group Executive Awarded Restricted Stock Units

Jean-Marc Galvez, President at Berry Global Group, received 18,129 restricted stock units on November 22, 2024, under the company's 2015 Long-Term Incentive Plan.

Summary

• Jean-Marc Galvez, President of Berry Global Group, was granted 18,129 restricted stock units on November 22, 2024.
• These units were awarded under the company's 2015 Long-Term Incentive Plan.
• Each restricted stock unit represents the right to receive one share of Berry Global Group common stock.
• The restricted stock units vest in three equal installments, with one-third vesting on each of the first three anniversaries of the grant date.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with shareholders. There are no negative implications.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term performance and retention of the executive.

Industry Context

The granting of restricted stock units is a common practice in corporate compensation, particularly for executive roles, to incentivize performance and align interests with shareholders.

Comparison to Industry Standards

• Many public companies use restricted stock units as part of their executive compensation packages.
• The vesting schedule of one-third annually over three years is a typical vesting structure for these types of grants.
• Companies like Amcor and Sealed Air also use similar long-term incentive plans for their executives.

Stakeholder Impact

• Shareholders may view this as a positive sign of aligning executive interests with company performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

Restricted Stock Units, Incentive Plan, Executive Compensation, Stock Grant, BERY, Berry Global Group, Jean-Marc Galvez