[Form 4] BALL Corp Insider Trading Activity

Rhea-AI Filing Summary

Kathleen Pitre, SVP & President NCA of Ball Corporation (BALL), reported insider transactions dated 09/15/2025. She was granted 2,800 restricted stock units (RSUs) under a deposit share program; each RSU converts to one share upon vesting on the fourth anniversary of the grant. The RSUs were recorded as acquired at $0 and increased her beneficial ownership to 43,337 shares. On the same date she disposed of 806 shares at a price of $49.91, leaving 42,531 shares held directly. The Form 4 is signed by an attorney-in-fact on 09/16/2025.

Positive

• 2,800 RSUs granted to the executive, indicating retention-focused compensation with a four-year vesting schedule
• Beneficial ownership increased to 43,337 shares after the RSU grant

Negative

• Sale of 806 shares at $49.91, representing insider selling (though size is modest)
• Grant will dilute share count upon vesting by up to 2,800 shares

Insights

Financial Analyst

TL;DR Insider received performance-linked RSUs and executed a small open-market sale; overall neutral to company valuation.

The grant of 2,800 RSUs increases potential future dilution but is routine executive compensation tied to a deposit share program and long-term vesting (four years). The concurrent sale of 806 shares at $49.91 is a modest disposal representing routine liquidity rather than a material transaction relative to total holdings. No new financial results, debt changes, or governance shifts are disclosed, so market impact should be limited.

Corporate Governance Expert

TL;DR Transaction reflects standard executive compensation and a small personal sale; no red flags on governance disclosed.

The documents show a scheduled grant and vesting schedule for RSUs and a contemporaneous sale by the reporting person. The RSUs vest on the fourth anniversary, indicating a long-term retention mechanism. The Form 4 is properly executed by an attorney-in-fact. There is no indication of unusual trading patterns, special related-party transactions, or amendments that would raise governance concerns.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Pitre Kathleen

(Last) (First) (Middle)

9200 W. 108TH CIRCLE

(Street)

WESTMINSTER CO 80021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BALL Corp [ BALL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & President NCA

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/15/2025		M		2,800	A	$0(1)	43,337	D
Common Stock	09/15/2025		F		806	D	$49.91	42,531	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	09/15/2025		M(3)			2,800	(4)	(4)	Common Stock	2,800	(1)	0	D

Explanation of Responses:

1. N/A

2. Each restricted stock unit represents a contingent right to receive one share of Ball Corporation Common Stock.

3. Conversion upon vesting of restricted stock units granted in conjunction with the Deposit Share Program.

4. The restricted stock units vest on the fourth anniversary of the grant date.

	/s/ Derek Redmond, attorney-in-fact to Ms. Pitre	09/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did the BALL Form 4 filed by Kathleen Pitre report?

The Form 4 reported a grant of 2,800 RSUs and a sale of 806 shares on 09/15/2025 at $49.91.

How many Ball (BALL) shares does Kathleen Pitre own after the transactions?

After the transactions she beneficially owned 42,531 shares directly, and reported 43,337 shares following the RSU acquisition before the sale sequence.

What are the terms of the RSUs granted to the BALL executive?

Each RSU equals one share and the RSUs vest on the fourth anniversary of the grant date; they were granted under a deposit share program.

Was the Form 4 for BALL signed and dated?

Yes. The Form 4 was signed by an attorney-in-fact, Derek Redmond, and dated 09/16/2025.

Do these transactions indicate a material change for Ball Corporation (BALL)?

No material change disclosed. The filing shows routine executive compensation and a modest sale; no financial results or governance changes are reported.