[Form 4] BALL Corp Insider Trading Activity

Rhea-AI Filing Summary

Ball Corporation insider transactions by Mandy Glew: Ms. Glew, SVP and President, EMEA, reported transactions on 09/15/2025 showing both an acquisition and a disposition of Ball Corp (BALL) common stock. She acquired 2,718 restricted stock units (RSUs) under the Deposit Share Program that convert one-for-one to common shares upon vesting on the fourth anniversary of the grant. The filing also shows a sale of 1,278 shares at $49.91 each. After these reported transactions, Ms. Glew beneficially owned 6,892.8362 shares (direct ownership). The Form 4 was signed by an attorney-in-fact on 09/16/2025 and contains explanation that the RSUs represent contingent rights to receive shares upon vesting.

Positive

• Acquisition of 2,718 RSUs under the Deposit Share Program, indicating ongoing executive alignment with shareholder value through deferred equity
• Clear vesting schedule: RSUs vest on the fourth anniversary, supporting retention incentives

Negative

• Disposition of 1,278 shares at $49.91 reduces the reporting person’s direct holdings
• Beneficial ownership reported with fractional shares (6,892.8362), which may reflect partial deliveries or prior transactions but requires careful bookkeeping

Insights

Securities Analyst

TL;DR: Insider acquired RSUs and sold a portion of shares; transactions appear routine compensation-related activity.

The filing documents two linked events: grant/conversion of 2,718 restricted stock units tied to the Deposit Share Program and a contemporaneous market sale of 1,278 shares at $49.91. The RSUs are contingent and vest on the fourth anniversary, indicating a long-term compensation mechanism rather than immediate dilution or financing. The sale reduces direct holdings but the remaining beneficial ownership is reported as 6,892.8362 shares. From a capital-markets perspective, these transactions are typical insider compensation and portfolio management activity and do not, by themselves, indicate a material change to control or company financing.

Corporate Governance Expert

TL;DR: Transactions align with executive compensation and Form 4 reporting requirements; no governance red flags in the disclosure.

The disclosure identifies the reporting person as an officer (SVP and President, EMEA) and shows RSUs granted under a defined program with a four-year vesting schedule. The Form 4 properly discloses both acquisition (code M for deemed conversion) and disposition (code F sale) with prices and post-transaction beneficial ownership. The signature by attorney-in-fact is present and dated. There are no indications of unusual trading patterns, related-party transfers, or use of Rule 10b5-1 plan language in this filing. Documentation appears compliant with Section 16 reporting standards based on the content provided.

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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hours per response:			0.5

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^*

Glew Mandy

(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 and President, EMEA

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		2,718	A	$0(1)	6,892.8362	D
Common Stock	09/15/2025		F		1,278	D	$49.91	5,614.8362	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)			2,718	(4)	(4)	Common Stock	2,718	(1)	282	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. Glew	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 Mandy Glew report on the Form 4 for BALL?

The Form 4 reports acquisition of 2,718 restricted stock units (RSUs) and sale of 1,278 shares at $49.91 on 09/15/2025.

How many Ball Corporation shares does Mandy Glew beneficially own after the transactions?

The filing shows Ms. Glew beneficially owned 6,892.8362 shares following the reported transactions.

When do the restricted stock units vest?

The RSUs vest on the fourth anniversary of the grant date, converting one-for-one into common shares upon vesting.

What was the sale price per share for the disposition reported?

The reported disposition of 1,278 shares occurred at a price of $49.91 per share.

Who signed the Form 4 filing for Mandy Glew?

The Form 4 was signed by Derek Redmond, attorney-in-fact to Ms. Glew on 09/16/2025.