NIEKAMP CYNTHIA A 4

What Happened

• Cynthia A. Niekamp, a director of Ball Corporation, received a grant of restricted stock units (RSUs) and reported the lapse/conversion of derivative awards into common stock. The filing shows a 4/29/2026 grant of 2,903 RSUs (code A) and on 4/30/2026 a conversion/exercise of 3,369 derivative units into common shares (code M) at $0.00 per share (no cash paid). The same 3,369-share conversion also appears as a "disposed" entry with price listed as N/A in the Form 4.

Key Details

• Transaction dates and codes:
  • 2026-04-29: Grant (A) of 2,903 RSUs @ $0.00 (derivative award)
  • 2026-04-30: Exercise/conversion (M) of 3,369 derivative units into common stock @ $0.00 (Acquired)
  • 2026-04-30: 3,369 shares also shown as "Disposed" with price N/A
• Shares owned after transaction: Not specified in the information provided in this summary or in the excerpt supplied.
• Footnotes of note:
  • F1/F6: Common stock acquired upon lapse of Table II RSUs (lapse/vesting)
  • F3: Each RSU represents a contingent right to one share of Ball common stock
  • F4/F5: RSUs are annual awards to non-employee directors and generally vest on the first anniversary, subject to continued service
• Filing timeliness: Form 4 was filed 2026-05-01 for transactions dated 2026-04-29/04-30; this appears to be timely under the usual two-business-day reporting rule.

Context

• These entries reflect director compensation (RSU grant and subsequent lapse/conversion), which is typically routine and not the same signal as an open-market purchase or sale. The "disposed" line with N/A price is not explained in the filing excerpt here; such entries commonly reflect company actions like tax-withholding or net settlement when RSUs vest, but the Form 4 provided does not specify the reason.