Scott B. Ullem - Nov 25, 2023 Form 4 Insider Report for BERRY GLOBAL GROUP, INC. (BERY)

Role
Director
Signature
Jason K. Greene
Stock symbol
BERY
Transactions as of
Nov 25, 2023
Transactions value $
$0
Form type
4
Date filed
11/28/2023, 04:32 PM
Previous filing
Nov 22, 2023
Next filing
Dec 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BERY Common Stock Options Exercise +1.97K +71.43% 4.73K Nov 25, 2023 Direct F1

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 Restricted Stock Units Options Exercise -1.97K -58.58% 1.39K Nov 25, 2023 Common Stock 1.97K Direct F1, F2
* 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 Each restricted stock unit represents a contingent right to receive one share of BERY common stock. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.
F2 The award was granted on November 25, 2022 and vested in full on November 25, 2023.