Jonathan F. Foster - 20 Nov 2024 Form 4 Insider Report for BERRY GLOBAL GROUP, INC. (BERY)

Role
Director
Signature
Jason K. Greene
Issuer symbol
BERY
Transactions as of
20 Nov 2024
Net transactions value
-$39.88
Form type
4
Filing time
22 Nov 2024, 16:32:26 UTC
Previous filing
20 May 2024
Next filing
25 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BERY Common Stock Options Exercise +1,518 +11% 15,742 20 Nov 2024 Direct F3, F5
transaction BERY Common Stock Options Exercise $402,559 +15,260 +97% $26.38 31,002 21 Nov 2024 Direct F5
transaction BERY Common Stock Tax liability $402,599 -5,676 -18% $70.93 25,326 21 Nov 2024 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 -1,518 -100% 0 20 Nov 2024 Common Stock 1,518 Direct F3, F4, F5
transaction BERY Director Stock Option (Right to Buy) Options Exercise $0 -15,260 -19% $0.000000 64,565 21 Nov 2024 Common Stock 15,260 $26.38 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. The reporting person received 9,584 shares of common stock on net exercise of an option to purchase 15,260 shares of common stock. The Company withheld 5,676 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on 11/21/2024 of $70.93, pursuant to the terms of the 2012 Long-Term Incentive Plan.
F2 Fully vested.
F3 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.
F4 The award was granted on November 20, 2023 and vested in full on November 20, 2024.
F5 The number of previously disclosed Restricted Stock Units was adjusted to reflect the previously announced spinoff and merger of BERY's HHNF with Glatfelter Corporation.