Form 4: Berry Global Group Executive Receives Restricted Stock Units

William J. Norman, President of Berry Global Group, was granted 18,129 restricted stock units on November 22, 2024.

Summary

• William J. Norman, President of Berry Global Group, received 18,129 restricted stock units on November 22, 2024.
• These restricted stock units were granted 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 will vest in three equal installments, one-third 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

This type of stock grant is a common practice in corporate America to incentivize and retain key executives.

Comparison to Industry Standards

• Restricted stock unit grants are a standard form of executive compensation, often used by companies like Amcor, Sealed Air, and Sonoco, which are competitors of Berry Global Group.
• The vesting schedule of one-third per year over three years is also a typical vesting structure for these types of grants.

Stakeholder Impact

• The grant of restricted stock units may have a minor positive impact on shareholder sentiment as it aligns executive interests with company performance.

Key Dates

Keywords

Restricted Stock Units, Stock Grant, Executive Compensation, Incentive Plan, BERY, Berry Global Group, William J. Norman