Ball Corp (BALL) SVP & CHRO details option and RSU awards in Form 3
Rhea-AI Filing Summary
BALL Corp executive Jennifer Cmil, the company’s SVP & CHRO, reported her existing equity holdings in a Form 3. She holds stock options linked to 11,691 shares of common stock with a strike price of $62.76 per share, granted under the Ball Corporation Stock and Cash Incentive Plan.
These stock options vest in approximately four equal annual installments beginning on the first anniversary of the award date and expire upon termination (with certain grace periods) or ten years after award, whichever is less. She also holds 4,465 Restricted Stock Units, which convert to common stock on a one-for-one basis and will vest on the third anniversary of the award date, generally subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cmil Jennifer
Role
SVP & CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,465 shares (Direct);
Stock Option (Right to Buy) — 11,691 shares (Direct)
Footnotes (4)
- F1. Restricted Stock Units awarded under the Ball Corporation Stock and Cash Incentive Plan and will vest on the third anniversary of the award date, subject generally to continued employment through each vesting date.
- F2. Convert without cost to shares of common stock on a one-for-one basis.
- F3. The stock options were granted under the Ball Corporation Stock and Cash Incentive Plan and will vest in approximately four equal annual installments, beginning on the first anniversary of the award date, subject generally to continued employment through each vesting date.
- F4. Expires upon termination, with certain grace periods, or ten years after award, whichever is less.
Key Figures
Stock option underlying shares: 11,691 shares
Stock option exercise price: $62.76 per share
Restricted Stock Units: 4,465 units
+2 more
5 metrics
Stock option underlying shares
11,691 shares
Common stock underlying options held by Jennifer Cmil
Stock option exercise price
$62.76 per share
Strike price for Ball Corp stock options
Restricted Stock Units
4,465 units
RSUs awarded under Ball Corporation Stock and Cash Incentive Plan
RSU vesting period
3 years
RSUs vest on the third anniversary of the award date
Maximum option life
10 years
Options expire upon termination or ten years after award, whichever is less
Key Terms
Restricted Stock Units, Stock Option (Right to Buy), Ball Corporation Stock and Cash Incentive Plan, vest, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units awarded under the Ball Corporation Stock and Cash Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Option (Right to Buy) financial
"The stock options were granted under the Ball Corporation Stock and Cash Incentive Plan"
Ball Corporation Stock and Cash Incentive Plan financial
"awarded under the Ball Corporation Stock and Cash Incentive Plan and will vest"
vest financial
"will vest on the third anniversary of the award date, subject generally to continued employment"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
one-for-one basis financial
"Convert without cost to shares of common stock on a one-for-one basis"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider holdings did BALL (BALL) SVP Jennifer Cmil report on this Form 3?
Jennifer Cmil reported existing equity awards, including stock options tied to 11,691 shares of BALL common stock at a strike price of $62.76, and 4,465 Restricted Stock Units that convert into common shares on a one-for-one basis under the company’s incentive plan.
How do Jennifer Cmil’s stock options at BALL (BALL) vest and expire?
Her stock options vest in approximately four equal annual installments, starting on the first anniversary of the award date. They expire upon termination (subject to grace periods) or ten years after the award date, whichever occurs first, under the Ball Corporation Stock and Cash Incentive Plan.
What are the terms of Jennifer Cmil’s Restricted Stock Units at BALL (BALL)?
Her Restricted Stock Units were awarded under the Ball Corporation Stock and Cash Incentive Plan and vest on the third anniversary of the award date, generally requiring continued employment. They convert without cost into Ball common stock on a one-for-one basis when vested.
Does this BALL (BALL) Form 3 show any recent insider buying or selling?
The Form 3 describes existing holdings rather than new market transactions. It lists Jennifer Cmil’s stock options and Restricted Stock Units granted under the incentive plan, with vesting and expiration terms, but does not report open-market buying or selling activity in BALL common shares.
What incentive plan governs Jennifer Cmil’s equity awards at BALL (BALL)?
Both the stock options and Restricted Stock Units are granted under the Ball Corporation Stock and Cash Incentive Plan. This plan sets key terms like vesting schedules, conversion into common stock, and maximum option life of up to ten years from the award date.