Form 4: Pactiv Evergreen Inc. Officer Douglas Owenby Reports Acquisition of Restricted Stock Units

Douglas Owenby, Chief Operations Officer of Pactiv Evergreen Inc., reports the acquisition of 38,077 restricted stock units (RSUs) on March 6, 2024.

Summary

• On March 6, 2024, Douglas Owenby, the Chief Operations Officer of Pactiv Evergreen Inc., acquired 38,077 shares of common stock in the form of restricted stock units (RSUs).
• These RSUs were granted at a price of $0.00 per share.
• Following this transaction, Owenby directly owns 183,337 shares of Pactiv Evergreen Inc.
• The RSUs vest in three tranches: 12,692 on March 2, 2025; 12,692 on March 2, 2026; and 12,693 on March 2, 2027.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of RSUs to a key executive is generally a positive sign, indicating confidence in the company's future. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The acquisition of RSUs by a key officer signals confidence in the company's future performance.

Future Outlook

The vesting schedule of the RSUs indicates a long-term commitment by the executive to the company's success.

Industry Context

Insider transactions are closely monitored as they can provide insights into a company's prospects. RSU grants are a common form of executive compensation.

Stakeholder Impact

• The RSU grant aligns the executive's interests with those of the shareholders, encouraging long-term value creation.

Key Dates