Form 4: Berry Global Group Executive Receives Restricted Stock Units

A Berry Global Group executive, Joy Roman, received 14,643 restricted stock units on November 22, 2024, which vest over three years.

Summary

• Joy Roman, Chief People & Strategy Officer at Berry Global Group, received 14,643 restricted stock units on November 22, 2024.
• These restricted stock units were granted under the company's 2015 Long-Term Incentive Plan.
• The units vest in three equal installments, with one-third vesting on each of the first three anniversaries of the grant date.
• Each restricted stock unit represents the right to receive one share of Berry Global Group common stock upon vesting.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally positive for aligning management with shareholder interests. It is not a major event that would significantly impact the company's valuation.

Positives

• The grant of restricted stock units aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution from the executive over the next three years.

Industry Context

This type of equity compensation is common practice for publicly traded companies to incentivize and retain key executives.

Comparison to Industry Standards

• Granting restricted stock units is a standard practice among publicly traded companies like Berry Global Group to align executive compensation with shareholder value.
• Companies such as Amcor and Sealed Air also use similar long-term incentive plans for their executives.
• The vesting schedule of one-third annually over three years is a typical vesting structure for these types of grants.

Stakeholder Impact

• Shareholders may view this as a positive sign that management is incentivized to improve the company's long-term performance.
• Employees may see this as a sign of the company's commitment to its leadership team.

Key Dates

Keywords

restricted stock units, executive compensation, stock options, incentive plan, BERY, Berry Global Group, equity