Executive at Ball Corp (NYSE: BALL) awarded RSUs and stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ball Corp reported that SVP & CIO Edmund J. Doering received equity awards consisting of restricted stock units and stock options. He was granted 2,645 restricted stock units that convert into common shares on a one-for-one basis and vest on the third anniversary of the award date, subject to continued employment. He was also granted 6,926 non-qualified stock options under the Ball Corporation Stock and Cash Incentive Plan, vesting in roughly four equal annual installments starting on the first anniversary, with expiration upon termination (subject to grace periods) or ten years after grant, whichever is shorter.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Doering Edmund J.
Role
SVP & CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,645 | $0.00 | -- |
| Grant/Award | Stock Options (Right to Buy) | 6,926 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,645 shares (Direct);
Stock Options (Right to Buy) — 6,926 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 transactions were reported for BALL in this Form 4?
Edmund J. Doering, SVP & CIO of Ball Corp, reported acquiring equity awards. He received 2,645 restricted stock units and 6,926 non-qualified stock options under the Ball Corporation Stock and Cash Incentive Plan as part of his compensation package.
How many restricted stock units did Edmund J. Doering receive from BALL?
Edmund J. Doering received 2,645 restricted stock units from Ball Corp. These units convert without cost into shares of common stock on a one-for-one basis and vest on the third anniversary of the award date, assuming he remains employed through the vesting date.
What are the details of the stock options granted to Edmund J. Doering at BALL?
Doering was granted 6,926 non-qualified stock options by Ball Corp. The options vest in approximately four equal annual installments beginning on the first anniversary of the award date, subject generally to continued employment, and expire upon termination with grace periods or ten years after grant, whichever is less.
Under which plan were BALL's RSUs and stock options granted to Edmund J. Doering?
Both the restricted stock units and non-qualified stock options were granted under the Ball Corporation Stock and Cash Incentive Plan. This plan provides equity-based compensation, with vesting typically conditioned on the executive’s continued employment through specified future dates.
What does one-for-one conversion of BALL restricted stock units mean for Edmund J. Doering?
A one-for-one conversion means each restricted stock unit becomes one share of Ball Corp common stock at vesting. Doering’s 2,645 units can therefore yield 2,645 common shares if he satisfies the continued-employment conditions through the third anniversary vesting date.
When do Edmund J. Doering’s BALL stock options expire if unexercised?
Doering’s non-qualified stock options expire upon termination of employment, subject to certain grace periods, or ten years after the award date, whichever is shorter. This limits how long he can hold and potentially exercise these options for Ball Corp shares.