[Form 4] BALL Corp Insider Trading Activity

Rhea-AI Filing Summary

Ball Corporation reported an equity award to one of its directors. On 11/14/2025, the director received a prorated annual grant of 1,833 restricted stock units under the Ball Corporation Stock and Cash Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of Ball Corporation common stock, and the grant was made in connection with the director’s election to the Board. The filing shows the director holds 1,833 derivative securities directly following this transaction, with a stated exercise price of $0 for the restricted stock units.

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^*

PANICHELLA JOHN E

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

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

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	(1)	11/14/2025		A(2)		1,833		(3)	(3)	Common Stock	1,833	$0	1,833	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Ball Corporation Common Stock.

2. Prorated annual grant of Restricted Stock Units awarded upon election to the Board.

3. Restricted Stock Units awarded under the Ball Corporation Stock and Cash Incentive Plan.

	/s/ Derek R. Redmond - attorney-in-fact for Mr. Panichella	11/17/2025
	** 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 transaction did BALL report in this Form 4 filing?

Ball Corporation reported that a director received a prorated annual grant of 1,833 restricted stock units on 11/14/2025 under the Ball Corporation Stock and Cash Incentive Plan.

Who is the reporting person in the BALL Form 4 and what is their role?

The reporting person is identified as a Director of Ball Corporation, as indicated by the checked box in the relationship section of the filing.

How many Ball Corporation shares are underlying the new restricted stock units?

The grant covers 1,833 restricted stock units, and each unit represents a contingent right to receive one share of Ball Corporation common stock, for a total underlying amount of 1,833 shares.

What is the exercise or conversion price for the BALL restricted stock units granted?

The restricted stock units have a stated exercise or conversion price of $0, which is typical for stock-based awards that convert into shares upon vesting rather than being purchased for cash.

Is this BALL Form 4 filed for an individual or a group?

The form is marked as Form filed by One Reporting Person, indicating it relates to a single director and not a joint or group filing.

Under what plan were the BALL restricted stock units awarded?

The 1,833 restricted stock units were awarded under the Ball Corporation Stock and Cash Incentive Plan, as noted in the explanation of responses.

Why did the BALL director receive a prorated annual grant of RSUs?

The filing explains that the prorated annual grant of restricted stock units was awarded upon election to the Board, reflecting the director’s board service.