Ball Corp (BALL) CFO awarded RSUs and 16,533 non-qualified stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ball Corp senior vice president and chief financial officer Daniel J. Rabbitt received new equity awards. He was granted 6,314 Restricted Stock Units, which convert into common shares on a one-for-one basis and generally vest on the third anniversary of the award date, conditioned on continued employment. He also received 16,533 non-qualified stock options at an exercise price of $0.00 per option, vesting in about four equal annual installments starting on the first anniversary of the grant, and expiring upon termination (subject to grace periods) or ten years after the award, whichever is earlier.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rabbitt Daniel J.
Role
S.V.P & C.F.O
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,314 | $0.00 | -- |
| Grant/Award | Stock Options (Right to Buy) | 16,533 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 14,014 shares (Direct);
Stock Options (Right to Buy) — 16,533 shares (Direct)
Footnotes (1)
- Convert without cost to shares of common stock on a one-for-one basis. 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. N/A 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
What insider transaction did BALL CFO Daniel J. Rabbitt report on this Form 4?
Daniel J. Rabbitt reported the grant of equity awards, not open-market trading. He acquired 6,314 Restricted Stock Units and 16,533 non-qualified stock options as part of compensation under the Ball Corporation Stock and Cash Incentive Plan.
How many Restricted Stock Units did BALL CFO Daniel J. Rabbitt receive?
Daniel J. Rabbitt received 6,314 Restricted Stock Units. These RSUs were granted under the Ball Corporation Stock and Cash Incentive Plan and will generally vest on the third anniversary of the award date, subject to his continued employment through that vesting date.
What are the vesting terms for Daniel J. Rabbitt’s BALL Restricted Stock Units?
The 6,314 Restricted Stock Units awarded to Daniel J. Rabbitt generally vest on the third anniversary of the award date. Vesting is conditioned on his continued employment with Ball Corporation through that third-anniversary vesting date under the Stock and Cash Incentive Plan.
How many stock options did BALL CFO Daniel J. Rabbitt receive and how do they vest?
Daniel J. Rabbitt received 16,533 non-qualified stock options. These options vest in approximately four equal annual installments, beginning on the first anniversary of the award date, and each installment requires continued employment through its respective vesting date.
What is the conversion ratio for Daniel J. Rabbitt’s BALL Restricted Stock Units?
Each Restricted Stock Unit converts one-for-one into a share of Ball Corporation common stock. The footnotes specify that the RSUs convert without cost to common shares on a one-for-one basis once vesting and other plan conditions are satisfied.
When do Daniel J. Rabbitt’s BALL non-qualified stock options expire?
Daniel J. Rabbitt’s non-qualified stock options expire upon termination (with certain grace periods) or ten years after the award, whichever occurs first. This expiration framework is specified in the footnotes to the Form 4 filing.