Glerum James T. Jr. - 13 Dec 2024 Form 4 Insider Report for BERRY GLOBAL GROUP, INC. (BERY)

Reporting relationship: Director
Issuer ticker: BERY
Reported as of: 13 Dec 2024
Net transaction value: +$21,185
SEC form: 4
Accepted by SEC: 02 May 2025, 11:10:27 UTC
Prior SEC filing: 25 Nov 2024
Next SEC filing: 30 Apr 2025
Source filing: View source filing
Reporting owner signature: /s/ Jason K. Greene, Attorney-in-Fact for James T Glerum Jr.

Filing notes and source

Key filing fact

Glerum James T. Jr. filed Form 4 for BERRY GLOBAL GROUP, INC. (BERY) on 02 May 2025.

Key facts

This page summarizes Glerum James T. Jr.'s Form 4 filing for BERRY GLOBAL GROUP, INC. (BERY).
5 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 02 May 2025, 11:10.

Change

Previous filing in this sequence was filed on 25 Nov 2024.
Current net transaction value: +$21,185.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002036886 Primary reporting owner

Glerum James T Jr.

Relationship: Director
Address: 101 OAKLEY STREET, EVANSVILLE
Signature: /s/ Jason K. Greene, Attorney-in-Fact for James T Glerum Jr.
Signature date: 02 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BERY transaction

Common Stock

Purchase

Transaction value: $8,992
Shares: +132
Change %
Price: $68.12
Shares after: 132
Date: 13 Dec 2024
Ownership: By James T. Glerum Investment Trust

BERY transaction

Common Stock

Purchase

Transaction value: $12,193
Shares: +179
Change %
Price: $68.12
Shares after: 179
Date: 13 Dec 2024
Ownership: By Mary E. Glerum Gift Trust

BERY transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -132
Change %: -100%
Price
Shares after: 0
Date: 30 Apr 2025
Ownership: By James T. Glerum Investment Trust
Footnotes: F1

BERY transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -179
Change %: -100%
Price
Shares after: 0
Date: 30 Apr 2025
Ownership: By Mary E. Glerum Gift Trust
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BERY transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
Shares: -2,092
Change %: -100%
Price
Shares after: 0
Date: 30 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,092
Exercise price
Footnotes: F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Glerum James T. Jr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

On April 30, 2025, the previously announced acquisition of the Issuer was completed pursuant to the terms of the Agreement and Plan of Merger, dated as of November 19, 2024 (the "Merger Agreement"), by and among the Issuer, Amcor plc ("Amcor") and Aurora Spirit, Inc. At the effective time of the merger (the "Effective Time"), each share of the Issuer's common stock outstanding immediately prior to the Effective Time (excluding shares held by the Issuer as treasury stock immediately prior to the Effective Time) was automatically converted into the right to receive 7.25 Amcor ordinary shares and, if applicable, cash in lieu of fractional shares, less any applicable withholding taxes and without interest.

Footnote F2

Each time-vesting restricted stock unit award of the Issuer (a "RSU Award") that was vested or became vested as of the Effective Time (a "Vested RSU Award") was cancelled and converted into the right to receive (i) the number of Amcor ordinary shares equal to the product, rounded down to the nearest whole number of shares, of (a) the number of shares of the Issuer's common stock subject to the Vested RSU Award immediately prior to the Effective Time, and (b) 7.25, less applicable tax withholding, and (ii) a cash amount equal to the Issuer's dividend equivalent rights ("DERs") corresponding to the Vested RSU Award, less applicable tax withholding.

Footnote F3

Each RSU Award that was unvested as of the Effective Time (a "Unvested RSU Award") was cancelled and converted into (i) a time-based restricted stock unit award of Amcor (an "Amcor RSU Award"), relating to a number of Amcor ordinary shares equal to the product, rounded down to the nearest whole number of shares, of (a) the number of shares of the Issuer's common stock subject to the Unvested RSU Award, and (b) 7.25, and

Footnote F4

(ii) an amount in restricted cash equal to the amount that is accrued but unpaid as of the Effective Time with respect to the DERs corresponding to each such Unvested RSU Award. The resulting Amcor RSU Award and restricted cash payment is subject to the same terms and conditions that applied to the corresponding Unvested RSU Award and DER as of immediately prior to the Effective Time.