Pitre Kathleen 4

What Happened
Kathleen Pitre, Senior Vice President and President, North and Central America (NCA) of Ball Corporation, received stock-related awards on February 19, 2026. The Form 4 shows two derivative awards totaling 8,528 units: 2,357 units that "convert without cost" to common shares (F1) and 6,171 Restricted Stock Units (RSUs) granted at $0.00 (F2). No cash was paid for these awards; they are grants, not purchases or sales.

Key Details

• Transaction date: 2026-02-19; Form 4 filed 2026-02-23 (filed within standard 2-business-day window).
• Awards: 2,357 convertible units (F1) and 6,171 RSUs (F2) — total 8,528 units. Prices reported as N/A and $0.00 (awards).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Relevant footnotes from the filing:
  • F1: Convert without cost to shares of common stock on a one-for-one basis.
  • F2: RSUs awarded under Ball’s Stock and Cash Incentive Plan; they vest on the third anniversary of the award date, generally subject to continued employment.
  • The filing also includes notes (F4–F6) describing non‑qualified stock option terms (vesting schedule and expiration), but the Feb 19 entries are awards covered by F1 and F2.
• Transaction type: Award/Grant (derivative); not an open-market buy or sale.

Context
These awards are typical executive compensation events. The convertible units will convert to common shares on the terms noted (one-for-one), and the RSUs will generally only result in actual shares when they vest (third anniversary) and subject to employment conditions. Because these are grants, they don’t reflect an outlay of cash by the insider nor an immediate sale of shares.