Form 4: Felicia D. Thornton Reports Acquisition of Pactiv Evergreen Inc. Shares

Director Felicia D. Thornton reported the acquisition of Pactiv Evergreen Inc. shares through dividend equivalent rights and restricted stock units.

Summary

• Felicia D. Thornton, a director of Pactiv Evergreen Inc. [PTVE], reported changes in beneficial ownership.
• On June 4, 2024, Thornton acquired 667 shares of common stock at $0.00 due to the settlement of dividend equivalent rights upon the vesting of certain restricted stock units, bringing the total shares owned to 49,018.
• On June 6, 2024, Thornton acquired 10,887 shares of common stock at $0.00 representing restricted stock units (RSUs) that vest on the earlier of June 6, 2025, or the day before the next annual meeting of the Company's stockholders, bringing the total shares owned to 59,905.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The form simply reports transactions. The acquisition of shares by a director is generally viewed as a positive sign, but it's a routine disclosure.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The reported RSUs vest on the earlier of June 6, 2025, or the day immediately before the next annual meeting of the Company's stockholders.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. These filings are closely monitored by investors to gauge sentiment and potential future performance.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding insider activity.

Key Dates