[Form 4] BALL Corp Insider Trading Activity

Rhea-AI Filing Summary

Insider purchase and restricted stock unit disclosure for Ball Corporation (BALL). Villatoro Fauze, identified as SVP & President South America, reported transactions with an earliest transaction date of 09/15/2025. The report shows an acquisition of 569 shares (transaction code M) at $0 in connection with restricted stock units that convert upon vesting. Following the reported transactions, Villatoro beneficially owns 10,599.6609 shares (direct) and 1,579 shares related to converted restricted stock units. The RSUs were granted under a Deposit Share Program and vest on the fourth anniversary of the grant date. The form is signed by an attorney-in-fact on 09/16/2025.

Positive

• Disclosure of RSU mechanics and vesting schedule provides clarity on when equity will convert to shares
• Incremental acquisition of 569 shares/RSUs increases insider alignment with shareholder interests

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine insider award and conversion disclosure; no evidence of unusual trading or disposition.

The filing documents a standard issuance/conversion of restricted stock units tied to a deposit share program rather than an open-market purchase. The presence of transaction code "M" and a $0 price indicate conversion on vesting terms rather than a cash purchase. The disclosure of both direct beneficial ownership and RSU-derived shares is consistent with normal executive compensation reporting. There are no sales, loans, pledges, or unexpected disposals disclosed.

Securities Compliance Analyst

TL;DR: Compliance filing appears complete and timely; shows grant mechanics and vesting schedule.

The Form 4 specifies the mechanics: each RSU converts to one share, conversion occurs upon vesting, and vesting is on the fourth anniversary. The report includes a signature by an attorney-in-fact, indicating procedural adherence. From a compliance perspective this is a routine Section 16 filing documenting compensation-related equity and resulting beneficial ownership.

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^*

Villatoro Fauze

(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 South America

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		569	A	$0(1)	10,599.6609	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)			569	(4)	(4)	Common Stock	569	(1)	1,579	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 Mr. Villatoro	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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Villatoro Fauze report on the Form 4 for BALL?

The filing reports acquisition of 569 restricted stock units that convert to common stock and updates beneficial ownership totals.

When did the reported transaction occur for BALL insider Villatoro?

The earliest transaction date reported is 09/15/2025, with the form signed on 09/16/2025.

What is the vesting schedule for the restricted stock units reported?

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

How many shares does each restricted stock unit convert into for BALL?

Each restricted stock unit represents the right to receive one share of Ball Corporation common stock upon conversion.

What ownership totals are reported after the transaction?

The filer reports beneficial ownership of 10,599.6609 shares (direct) and 1,579 shares related to RSUs following the transactions.