[Form 4] BALL Corp Insider Trading Activity

Rhea-AI Filing Summary

Ball Corporation insider activity: Senior vice president and Chief Growth Officer reported the grant of 2,800 restricted stock units that convert to common shares on vesting and a separate sale of 1,226 shares at $49.91 per share. After these transactions the reporting person beneficially owned 20,961.9021 shares directly plus 2,800 RSUs that will convert to common stock on the fourth anniversary of the grant under the companys deposit share program. The sale reduced immediate shareholdings while the RSUs align long-term executive compensation with shareholder value.

Positive

• 2,800 restricted stock units granted that vest on the fourth anniversary, promoting long-term alignment with shareholders
• Disclosure complies with Section 16 reporting, showing transparency in insider transactions

Negative

• Sale of 1,226 shares at $49.91, which reduces the reporting person's immediate direct holdings

Insights

Securities Analyst

TL;DR: Routine executive sale plus long-term equity award; modest reduction in owned shares offset by time-locked RSUs.

The filing shows a disposition of 1,226 shares at $49.91, a routine liquidity event that modestly lowers direct ownership to 20,961.9021 shares. Concurrently, the executive received 2,800 restricted stock units that convert one-for-one to common stock and vest on the fourth anniversary, indicating retention-focused compensation and alignment with long-term performance. Transaction sizes are small relative to company-wide outstanding shares and represent typical insider activity rather than a company-level change.

Corporate Governance Expert

TL;DR: Awarded time-vesting RSUs and a small open-market sale; governance signals are consistent with retention and routine liquidity.

The RSUs are granted under the Deposit Share Program and vest after four years, which supports executive retention and long-term alignment with shareholders. The sale of 1,226 shares at $49.91 appears disclosed under Section 16 reporting requirements and was executed by the reporting person (via attorney-in-fact signature), complying with Form 4 protocols. No disclosure of extraordinary acceleration, hedging, or derivative transactions is present. Overall, this is governance-normal insider activity without material adverse implications.

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
Estimated average burden
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^*

Causey Carey

(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 & Chief Growth Officer

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)	22,187.9021	D
Common Stock	09/15/2025		F		1,226	D	$49.91	20,961.9021	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 for Ms. Causey	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 transactions did the BALL insider report on Form 4?

The reporting person received 2,800 restricted stock units and sold 1,226 shares at $49.91 per share.

How many shares will the 2,800 RSUs convert into for BALL (BALL)?

Each restricted stock unit represents a contingent right to one share of Ball Corporation common stock, so they convert into 2,800 shares upon vesting.

When do the RSUs vest according to the Form 4?

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

How many shares does the reporting person beneficially own after these transactions?

Following the reported transactions the person beneficially owned 20,961.9021 shares directly plus 2,800 RSUs that will convert on vesting.

Was the Form 4 signed by the reporting person?

The Form 4 was signed by an attorney-in-fact on behalf of the reporting person, as indicated on the filing.