Form 4: Pactiv Evergreen CFO Jonathan Baksht Reports Changes in Beneficial Ownership

Chief Financial Officer Jonathan Baksht reports changes in beneficial ownership of Pactiv Evergreen Inc. stock due to dividend equivalent rights and tax withholding.

Summary

• On March 2, 2024, Jonathan Baksht, CFO of Pactiv Evergreen Inc., reported changes in his beneficial ownership of the company's common stock.
• He acquired 1,514 shares due to the settlement of dividend equivalent rights upon the vesting of restricted stock units at a price of $0.00.
• He disposed of 15,238 shares to cover tax obligations at a price of $13.26.
• Following these transactions, Baksht directly owns 180,062 shares of Pactiv Evergreen Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations, with no inherently positive or negative implications for the company's outlook.

Positives

• The acquisition of shares through dividend equivalent rights indicates the vesting of restricted stock units, which can be seen as a positive sign of company performance and executive compensation.

Negatives

• The disposal of shares to cover tax obligations, while a normal occurrence, reduces the executive's holdings in the company.

Risks

• There are no specific risks highlighted in this document, as it primarily reports changes in beneficial ownership.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders, as they provide insight into the actions of company executives.

Key Dates