BALL Form 3: CFO Daniel Rabbitt Details Equity Stake July 2025
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Ball Corporation (BALL) – Form 3 Initial Statement of Beneficial Ownership
On 07/01/2025, newly appointed Senior Vice President & Chief Financial Officer Daniel J. Rabbitt filed his first Form 3, formally placing him under Section 16 reporting rules. The filing does not record any open-market transactions; it simply discloses the securities he already owns.
- Direct common stock: 24,135.54 shares
- 401(k) plan holdings: 1,346 shares
- Employee Stock Purchase Plan: 3,996.82 shares
- Deferred compensation units: 20,567.9 units convertible 1-for-1 into common shares or cash upon separation
- Restricted Stock Units: 3,047 units with three- and four-year vesting schedules
- Equity awards: 436 Stock Appreciation Rights and 50,664 non-qualified stock options granted between 2018-2025; strike prices range from $38.38 to $86.57 and vest in four equal annual tranches
The disclosure highlights a sizeable personal stake that economically aligns the new CFO with shareholders but contains no information that would alter Ball Corporation’s financial outlook.
Positive
- Sizeable insider stake: disclosure shows the new CFO already controls ~29k shares plus options and units, aligning management incentives with shareholders.
Negative
- None.
Insights
TL;DR: Routine Form 3: CFO Rabbitt shows strong equity alignment; no trading, neutral corporate-governance impact.
This initial filing is mandatory because Rabbitt became a Section 16 officer on 1 July 2025. The data confirm that he already owns roughly 29k direct shares plus significant deferred and contingent equity—an above-average stake for a newly disclosed executive of Ball’s size. Such ownership generally incentivises long-term value creation and is viewed positively by governance analysts. However, because the form records no purchases or sales, there is no immediate signal about insider sentiment or near-term fundamentals. From a market perspective, the filing is informational and not likely to move the stock.
Insider Trade Summary
15 transactions reported
Mixed
15 txns
Insider
Rabbitt Daniel J.
Role
S.V.P & C.F.O
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Deferred Compensation | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Appreciation Rights (SARS) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | 401K | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Employee Stock Purchase Plan | -- | -- | -- |
Holdings After Transaction:
Deferred Compensation — 20,567.9 shares (Direct);
Restricted Stock Units — 1,447 shares (Direct);
Stock Appreciation Rights (SARS) — 436 shares (Direct);
Stock Option (Right to Buy) — 10,143 shares (Direct);
401K — 1,346 shares (Direct);
Common Stock — 24,135.54 shares (Direct);
Employee Stock Purchase Plan — 3,996.82 shares (Direct)
Footnotes (1)
- Total number of 401(k) Plan shares acquired through periodic dividend reinvestment, participant's contributions and employer matching contributions. Common stock held in the Issuer's Employee Stock Purchase Plan. The balance includes any purchases or dividend reinvestments as of the most recent statement date. Stock units in Ball Corporation's Deferred Compensation Company Stock Plan are distributed upon the separation of service in accordance with the Plan. Each unit may be settled for a single share of stock or the equivalent amount of cash pursuant to the Ball Corporation Deferred Compensation Company Stock Plan. 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. Convert without cost to shares of common stock on a one-for-one basis. The restricted stock units will cliff lapse after four years from the restricted stock unit grant date. The lapsing restrictions may be accelerated by meeting and maintaining the reporting person's stock ownership guidelines. If the stock ownership guidelines are met by the second anniversary of the grant date and are maintained through the accelerated vesting period, then30% of the restriction will lapse on or immediately following the second anniversary of the grant date, 30% of the restriction will lapse on or immediately following the third anniversary of the grant date, and 40% of the restriction will lapse on or immediately following the fourth anniversary of the grant date. Vested shares will be delivered to the reporting person in accordance with the aforementioned terms, or, if the shares are deferred, in accordance with the reporting person's deferral elections or the terms of the Program and/or the applicable Plan. Each restricted stock unit represents a contingent right to receive one share of Ball Corporation Common Stock. Non-Qualified Stock Options granted under the Ball Corporation Stock and Cash Incentive Plan. 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. Expires upon termination, with certain grace periods, or ten years after award, whichever is less.
FAQ
Why did Ball Corp (BALL) CFO Daniel Rabbitt file a Form 3 on 07/01/2025?
He became a Section 16 officer, requiring an initial disclosure of all Ball securities he beneficially owns.
What derivative securities were disclosed in the Form 3?
Holdings include 20,567.9 deferred compensation units, 3,047 RSUs, 436 SARS, and 50,664 non-qualified stock options granted 2018-2025.
Were any purchases or sales reported in this Form 3 filing?
No. The form only lists existing holdings; it records no recent transactions in Ball Corp stock.
Does the Form 3 impact Ball Corp’s financial outlook?
The filing is informational; it does not disclose operational or financial changes and is therefore neutral to the company’s outlook.