Form 4: Pactiv Evergreen Inc. Director Leighanne G Baker Reports Acquisition of Shares

Director Leighanne G Baker reports acquisition of Pactiv Evergreen Inc. shares through dividend equivalent rights and vesting of restricted stock units.

Summary

• On June 4, 2024, Leighanne G Baker, a director of Pactiv Evergreen Inc., acquired 999 shares of common stock at $0.00 per share due to the settlement of dividend equivalent rights upon the vesting of certain restricted stock units.
• On June 6, 2024, Ms. Baker acquired 16,331 shares of common stock at $0.00 per share 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.
• Following these transactions, Ms. Baker directly owns 100,158 shares of Pactiv Evergreen Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction report. The acquisition of shares by a director is generally viewed positively, but without additional context, it's difficult to gauge the overall impact.

Positives

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

Future Outlook

The 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

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the ownership changes of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• Similar filings are made by directors and officers of companies like Ball Corporation and Crown Holdings, Inc. when they acquire or dispose of company stock.

Stakeholder Impact

• The increased ownership by a director could be viewed positively by shareholders.

Key Dates