Sapp Betty J. 4

What Happened
Betty J. Sapp, a director of Ball Corporation (BALL), had derivative transactions on 2026-06-15 that converted/exercised 1,145 restricted stock units (reported as both acquired and disposed) and received a separate grant of 229 stock units. All transactions are reported at $0.00 on the Form 4 (total reported dollar amounts = $0), consistent with unit conversions/settlements and awards rather than open-market cash purchases or sales.

Key Details

• Transaction dates: 2026-06-15 (reported on Form 4 filed 2026-06-17). Filing appears timely.
• Transactions and codes: M = exercise/conversion of derivative — 1,145 shares (acquired and disposed) at $0.00; A = grant/award — 229 shares at $0.00.
• Reported dollar value: $0 for each line (Form 4 shows $0; market value at settlement is not provided here).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Relevant footnotes:
  • F1: Each restricted stock unit (RSU) represents a contingent right to one share.
  • F2: Lapse of RSUs granted with the Deposit Share Program.
  • F4–F6: Units may be settled for shares or cash under Ball’s Deferred Compensation Company Stock Plan; units are distributed on separation and include company match awards.
• The mirrored "acquired" and "disposed" entry for 1,145 units typically reflects net settlement or withholding (e.g., shares withheld to cover taxes), not an open-market sale.

Context

• These transactions are awards/settlements of RSUs and deferred stock units, not purchases indicating added bullish exposure. Awards and vesting-related conversions are common for directors and executives as part of compensation and deferred compensation plans.
• Because the Form 4 lists $0 for the transactions, it does not show cash consideration here; any taxable value would generally be based on the stock price at vesting/settlement and is not detailed in this summary.