PTVE.Pactiv Evergreen INC

Form 4: Pactiv Evergreen Inc. Executive Chandra J. Mitchell Reports Acquisition and Disposal of Common Stock

Sentiment:

SEC Form 4

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Chandra J. Mitchell, Chief Legal Officer & Secretary of Pactiv Evergreen Inc., reports acquiring 38,077 shares of common stock and disposing of 195,017 shares on March 6, 2024.

Summary

  • On March 6, 2024, Chandra J. Mitchell, Chief Legal Officer & Secretary of Pactiv Evergreen Inc., filed a Form 4.
  • The report indicates the acquisition of 38,077 shares of Common Stock at $0.00 and the disposal of 195,017 shares.
  • These shares were acquired through restricted stock units (RSUs) that vest over three years.
  • 12,692 RSUs vest on March 2, 2025, 12,692 RSUs vest on March 2, 2026, and 12,693 RSUs vest on March 2, 2027.
  • Following these transactions, the reporting person beneficially owns 195,017 shares of Common Stock.

Sentiment

Score: 5

Explanation: This is a routine filing of stock transactions by an officer, with no inherently positive or negative implications.

Future Outlook

The vesting schedule of the RSUs indicates future stock awards to the reporting person over the next three years.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding insider transactions.

Key Dates

DateDescription
03/06/2024Date of transaction: acquisition and disposal of common stock.
03/02/2025Vesting date for 12,692 restricted stock units.
03/02/2026Vesting date for 12,692 restricted stock units.
03/02/2027Vesting date for 12,693 restricted stock units.
03/08/2024Date of signature for the report.

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