[Form 4] BALL Corp Insider Trading Activity

Rhea-AI Filing Summary

Bryant John A., a director of Ball Corporation (BALL), reported equity awards and deferred-compensation settlements that increased his beneficial ownership. On 09/15/2025 he was credited with 1,200 restricted stock units that vest on the fourth anniversary of the grant and are each convertible to one share. The same date shows 656.1811 shares credited under the Deferred Compensation Company Stock Plan at a price of $49.91 per share. After these entries, Mr. Bryant beneficially owns 13,467.5414 shares of Ball common stock as reported. The deferred units are payable on separation of service; the RSUs vest on their fourth anniversary.

Positive

• Director increased beneficial ownership via 1,200 RSUs and 656.1811 deferred-plan shares
• RSUs vest on the fourth anniversary, promoting long-term alignment with shareholders
• Deferred-plan units are settled upon separation of service, aligning payout with service termination rules

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director compensation increased beneficial ownership modestly; not a market-moving transaction.

This Form 4 discloses standard equity-based compensation and deferred-compensation settlement entries for a director. The grant of 1,200 RSUs (vesting in four years) and 656.1811 deferred-plan shares at $49.91 are compensation mechanics rather than open-market purchases or sales. The total reported beneficial ownership of 13,467.5414 shares reflects accumulated holdings including these plan-based awards. From an investor perspective, these are governance/compensation disclosures and do not indicate trading intent or significant change in control.

Corporate Governance Expert

TL;DR: Standard director equity awards and deferred-plan settlements consistent with long-term alignment practices.

The filing documents restricted stock units that vest after four years and deferred-compensation stock units payable upon separation of service. These structures align director incentives with long-term shareholder value by delaying receipt and tying payout to continued service. The report was filed by an attorney-in-fact and signed on 09/17/2025, consistent with procedural norms. There are no indications of accelerated vesting, clawbacks, or atypical settlement terms disclosed here.

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
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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^*

BRYANT JOHN A

(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)
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		1,200	A	(1)	13,467.5414	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			1,200	(3)	(3)	Common Stock	1,200	(1)	13,425	D
Deferred Compensation Company Stock Plan	(4)	09/15/2025		A		656.1811(5)		(6)	(6)	Common Stock	656.1811	$49.91	7,795.3107	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. The restricted stock units vest on the fourth anniversary of the grant date.

4. Each unit may be settled for a single share of stock or the equivalent amount of cash pursuant to the Ball Corporation Deferred Compensation Company Stock Plan.

5. Shares awarded under the Deferred Compensation Company Stock Plan for deferred compensation and the Company match.

6. Stock units in Ball Corporation's Deferred Compensation Company Stock Plan are distributed upon the separation of service in accordance with the Plan.

	/s/ Derek Redmond, attorney-in-fact for Mr. Bryant	09/17/2025
	** 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 did BALL director Bryant John A. acquire on 09/15/2025?

He was credited with 1,200 restricted stock units and 656.1811 shares under the Deferred Compensation Company Stock Plan.

How many Ball shares does Bryant beneficially own after the transactions?

The Form 4 reports 13,467.5414 shares beneficially owned following the reported transactions.

When do the restricted stock units (RSUs) vest?

The RSUs vest on the fourth anniversary of the grant date, per the filing.

At what price were deferred-plan shares recorded?

Deferred-compensation company stock plan shares were recorded at a price of $49.91 per share.

When will deferred compensation stock units be distributed?

Stock units under the Deferred Compensation Company Stock Plan are distributed upon separation of service in accordance with the Plan.