Michael Edward Hill - Jul 18, 2023 Form 4 Insider Report for BERRY GLOBAL GROUP, INC. (BERY)

Role
President
Signature
Jason K. Greene
Stock symbol
BERY
Transactions as of
Jul 18, 2023
Transactions value $
-$1,049,086
Form type
4
Date filed
7/19/2023, 05:06 PM
Previous filing
Jul 13, 2023
Next filing
Nov 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BERY Common Stock Options Exercise $839K +28.4K $29.59 28.4K Jul 18, 2023 Direct
transaction BERY Common Stock Sale -$1.89M -28.4K -100% $66.57 0 Jul 18, 2023 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BERY Employee Stock Option (Right to Buy) Options Exercise $0 -28.4K -10.23% $0.00 249K Jul 18, 2023 Common Stock 28.4K $29.59 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Granted under the 2015 Equity Incentive Plan. Options vest on each of the first five anniversaries of the date of grant, subject to the terms and conditions of the plan and award agreement.
F2 Sale pursuant to a trading plan meeting the requirements of SEC Rule 10b5-1 adopted by the reporting person on April 24, 2023.
F3 Weighted average from 129 transactions with prices ranging from $65.50 to $66.81 per share. Upon request by the Commission Staff, the issuer or a security holder of the issuer, the reporting person will undertake to provide full information regarding the number of shares purchased at each separate price.