[Form 4] BALL Corp Insider Trading Activity

Rhea-AI Filing Summary

Ball Corporation insider Daniel J. Rabbitt, the companys Senior Vice President and Chief Financial Officer, reported two transactions in Ball common stock on 09/15/2025. He was awarded 1,600 restricted stock units that convert into common shares upon vesting, increasing his total beneficial ownership to 25,735.54 shares on a direct basis. He also sold 461 shares at $49.91 per share, leaving 25,274.54 shares beneficially owned. The restricted stock units vest on the fourth anniversary of the grant and represent a contingent right to one share each.

Positive

• 1,600 restricted stock units granted, which align the CFOs compensation with long-term performance
• Beneficial ownership increased to 25,735.54 shares following the award

Negative

• Sale of 461 shares at $49.91 reduced direct holdings to 25,274.54 shares

Insights

Corporate Governance Expert

TL;DR: Routine executive award plus a small open-market sale; standard compensation and liquidity activity.

The filing shows a time-based equity award structured as restricted stock units that vest after four years, aligning executive incentives with long-term shareholder value. The concurrent sale of 461 shares at $49.91 appears modest relative to total holdings and likely reflects personal liquidity needs or routine portfolio management rather than a material change in control or outlook. No derivative transactions or unusual dispositions are reported.

Securities Analyst

TL;DR: Net increase in potential share exposure via RSUs, offset slightly by a small share sale.

The reporting persons beneficial ownership increased by 460 shares on a delivered-equivalent basis (1,600 RSUs granted, 461 shares sold), resulting in 25,735.54 shares beneficially owned after the award. The RSUs are conversion contingent and will only increase actual share count upon vesting. Transaction sizes are immaterial relative to typical institutional holdings and do not indicate a significant shift in insider stance.

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^*

Rabbitt Daniel J.

(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)
	S.V.P & C.F.O

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		1,600	A	$0(1)	25,735.54	D
Common Stock	09/15/2025		F		461	D	$49.91	25,274.54	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)			1,600	(4)	(4)	Common Stock	1,600	(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 Mr. Rabbitt	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 BALL insider Daniel J. Rabbitt report?

He reported a grant of 1,600 restricted stock units (RSUs) and a sale of 461 shares at $49.91 per share on 09/15/2025.

How many Ball (BALL) shares does Daniel Rabbitt beneficially own after these transactions?

Following the reported transactions he beneficially owns 25,735.54 shares on a direct basis (including the RSUs as reported).

When do the restricted stock units granted to Rabbitt vest?

The RSUs vest on the fourth anniversary of the grant date and convert to one share of common stock per RSU upon vesting.

Do the restricted stock units immediately increase share count?

No. The RSUs are contingent rights that convert into shares only upon vesting, so they do not immediately increase outstanding shares.

Was the Form 4 filing made jointly or by a single reporting person?

The form was filed by one reporting person (individual filing).