| | Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting to Be Held on Wednesday, February The proxy materials for the Annual Meeting are available at www.proxyvote.com. | | |
| | Although we are currently planning to hold the Annual Meeting in person, in light of the ongoing public health concerns surrounding the coronavirus (COVID-19) outbreak, we may deem it necessary to hold the Annual Meeting solely by means of remote communication (i.e., a virtual meeting) in lieu of an in-person meeting. If we | | |
| PROXY STATEMENT SUMMARY | | | | | 1 | | |
| PROXY STATEMENT | | | | | | | |
| QUESTIONS AND ANSWERS ABOUT THIS ANNUAL MEETING | | | | | | | |
| DIRECTORS AND EXECUTIVE OFFICERS | | | | | | | |
| SECURITY OWNERSHIP OF BENEFICIAL OWNERS AND MANAGEMENT | | | | | | | |
| CORPORATE GOVERNANCE | | | | | | | |
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| REPORT OF THE AUDIT & FINANCE COMMITTEE | | | | | | | |
| EXECUTIVE COMPENSATION | | | | | | | |
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| Compensation Committee Interlocks and Insider Participation | | | | | | | |
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| Employment Agreements; Potential Payments Upon Termination or | | | | | | | |
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| | | | Our Board’s Recommendation | | |||
| Proposal 1 – Election of Directors (page The Board and the Nominating | | | | | | FOR each Director Nominee | |
| Proposal 2 – Ratification of the Appointment of Ernst & Young LLP as Independent Auditors (page The Audit & Finance Committee and the Board believe that the continued retention of Ernst & Young LLP to serve as the Independent Auditors for the fiscal year ending October | | | | | | FOR | |
| Proposal 3 – Executive Compensation (page The Board recommends that stockholders approve, on an advisory, non-binding basis, our executive compensation. | |||||||
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| Name(1) | | Director Since | | Age | | Occupation | | Committee | | Indep | | Other Public Company Boards | | Name | | Director Since | | Age | | Occupation | | Committee(1) | | Indep | | Other Public Company Boards | | ||||||||||||
| B. Evan Bayh | | 2011 | | 65 | | Senior Advisor with Apollo Global Management | | CC | | ✓ | | Fifth Third Bancorp, Inc. (NASDAQ: FITB) Marathon Petroleum Corporation (NYSE: MPC) RLJ Lodging Trust (NYSE: RLJ) | | B. Evan Bayh | | 2011 | | 66 | | Senior Advisor with Apollo Global Management | | CC | | ✓ | | Fifth Third Bancorp, Inc. (NASDAQ: FITB) Marathon Petroleum Corporation (NYSE: MPC) RLJ Lodging Trust (NYSE: RLJ) | | ||||||||||||
| Jonathan F. Foster | | 2014 | | 60 | | Founder and Managing Director of Current Capital Partners LLC | | CC AC (Chair) | | ✓ | | Masonite International Corporation (NYSE:DOOR) Lear Corporation (NYSE: LEA) Five Point Holdings LLC (NYSE: FPH) | | Jonathan F. Foster | | 2014 | | 61 | | Founder and Managing Director of Current Capital Partners LLC | | AC (Chair) CC | | ✓ | | Masonite International Corporation (NYSE:DOOR) Lear Corporation (NYSE: LEA) Five Point Holdings LLC (NYSE: FPH) | | ||||||||||||
| Idalene F. Kesner | | 2014 | | 62 | | Dean of Indiana University’s Kelley School of Business | | NGC (Chair) | | ✓ | | Olympic Steel, Inc. (NASDAQ: ZEUS) | | Idalene F. Kesner | | 2014 | | 63 | | Dean of Indiana University’s Kelley School of Business | | NGC (Chair) CC | | ✓ | | Olympic Steel, Inc. (NASDAQ: ZEUS) Duke Energy Corporation (NYSE: DUK) | | ||||||||||||
| Jill A. Rahman | | 2020 | | 60 | | Chief Operating Officer of The Greater Chicago Food Depository | | NGC | | ✓ | | TreeHouse Foods (NYSE:THS) | | Jill A. Rahman | | 2020 | | 61 | | Chief Operating Officer of The Greater Chicago Food Depository | | NGC | | ✓ | | TreeHouse Foods (NYSE:THS) | | ||||||||||||
| Carl J. (Rick) Rickertsen | | 2013 | | 60 | | Managing Partner of Pine Creek Partners | | CC (Chair) AC | | ✓ | | None | | Carl J. (Rick) Rickertsen | | 2013 | | 61 | | Managing Partner of Pine Creek Partners | | CC (Chair) | | ✓ | | Hut 8 Mining Corp. (NASDAQ: HUT) | | ||||||||||||
| Thomas E. Salmon | | 2017 | | 57 | | Berry Chairman of the Board and Chief Executive Officer | | | | | | Old National Bancorp (NASDAQ: ONB) | | Thomas E. Salmon | | 2017 | | 58 | | Berry Chairman of the Board and Chief Executive Officer | | | | | | Old National Bancorp (NASDAQ: ONB) | | ||||||||||||
| Paula A. Sneed | | 2018 | | 73 | | Chairperson and CEO of Phelps Prescott Group LLC | | NGC | | ✓ | | Charles Schwab Corporation (NYSE: SCHW) | | Paula A. Sneed | | 2018 | | 74 | | Chairperson and CEO of Phelps Prescott Group LLC | | NGC | | ✓ | | Charles Schwab Corporation (NYSE: SCHW) | | ||||||||||||
| Robert A. Steele | | 2014 | | 65 | | Retired Procter & Gamble Vice Chairman Global Health and Well-being | | NGC | | ✓ | | BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) Newell Brands Inc. (NYSE: NWL) | | Robert A. Steele | | 2014 | | 66 | | Retired Procter & Gamble Vice Chairman Global Health and Well-being | | AC NGC | | ✓ | | BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) Newell Brands Inc. (NYSE: NWL) | | ||||||||||||
| Stephen E. Sterrett* | | 2015 | | 65 | | Former Sr. Executive Vice President and Chief Financial Officer of Simon Property Group, Inc. | | AC | | ✓ | | Equity Residential (NYSE: EQR) | | Stephen E. Sterrett* | | 2015 | | 66 | | Retired Sr. Executive Vice President and Chief Financial Officer of Simon Property Group, Inc. | | AC | | ✓ | | Equity Residential (NYSE: EQR) | | ||||||||||||
| Scott B. Ullem | | 2017 | | 54 | | Chief Financial Officer of Edwards Lifesciences Corporation | | CC | | ✓ | | None | | Scott B. Ullem | | 2016 | | 55 | | Chief Financial Officer of Edwards Lifesciences Corporation | | AC CC | | ✓ | | None | |
| Board Independence | | | • 9 of 10 • • | |
| Lead Independent Director | | | | |
| Board | | | • • | |
| Accountability to Stockholders | | | • Proxy • Uncontested Director Election Majority Voting/Director Resignation • • • Special | |
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| Risk Oversight | | | • • Designated Board committees | |
| Succession Planning | | | • The Board • The Board | |
| Annual Board/Committee Self-evaluation | | | | |
| Robust Director and Executive Officer Share Ownership Guidelines | | | | |
| Active and Robust Ethics & Compliance Program | | | |
| | | | Plan | | | Purpose | | | Relevant Performance Metric and Description | | | | |
| Annual/Short Term Incentive | | | Base Salary | | | To provide fair and competitive compensation for individual performance and level of responsibility associated with position held | | | Based on individual performance, position, and responsibility | | | Fixed | |
| Executive Bonus Plan | | | To provide a short-term annual performance-based cash incentive opportunity through a bonus plan that is based upon achievement of the established performance goals | | | Bonus, which we also refer to as short-term incentive or STI, is determined based on two components that are tied directly to the performance of the Company: • an Adjusted EBITDA target (75% of the target award): and • a free cash flow target (25% of the target award) | | | Variable | | |||
| Long-Term Incentive | | | Long-Term Incentive Plan | | | To provide long-term incentive opportunities in the form of equity and equity-based awards in order to retain those individuals with the leadership abilities necessary for increasing long-term stockholder value while aligning their interests with the interests of our stockholders | | | • 67% — Option awards vest over a | | |||
• 33% — Performance-based restricted stock units vest, based on the achievement of performance criteria (relative TSR* and ROCE* targets, each with a 50% weighting factor), at the end of the applicable three-year performance period | |
| Thomas E. Salmon Age: Chief Executive Officer | | | |
| B. Evan Bayh Age: Director | | | |
| Jonathan F. Foster Age: Director | | | |
| Idalene F. Kesner Age: Director | | | |
| Jill A. Rahman Age: Director | | | |
| Carl J. (Rick) Rickertsen Age: Director | | | |
| Paula A. Sneed Age: Director | | | |
| Robert A. Steele Age: Director | | | |
| Stephen E. Sterrett Age: Director | | | |
| Scott B. Ullem Age: Director | | | |
| Name of Beneficial Owner(1) | | Direct and Indirect Share Ownership(1) | | Right to Acquire(2) | | Total Beneficially Owned | | Percent of Class | | Name of Beneficial Owner(1) | | Direct and Indirect Share Ownership(1) | | Right to Acquire(2) | | Total Beneficially Owned | | Percent of Class | | ||||||||||||||||||||||||||||||||
| Thomas E. Salmon | | | | 45,585 | | | | | 830,815 | | | | | 876,400 | | | | | * | | | Thomas E. Salmon | | | | 45,585 | | | | | 1,142,982 | | | | | 1,188,576 | | | | | * | | | ||||||||
| Mark W. Miles | | | | 45,000 | | | | | 606,000 | | | | | 651,000 | | | | | * | | | Mark W. Miles | | | | 25,000 | | | | | 697,333 | | | | | 722,333 | | | | | * | | | ||||||||
| Curt L. Begle | | | | 28,500 | | | | | 263,200 | | | | | 291,700 | | | | | * | | | Curt L. Begle | | | | 28,500 | | | | | 255,633 | | | | | 284,133 | | | | | * | | | ||||||||
| Jean-Marc Galvez | | | | 0 | | | | | 144,000 | | | | | 144,000 | | | | | * | | | Jean-Marc Galvez | | | | 0 | | | | | 207,667 | | | | | 207,667 | | | | | * | | | ||||||||
| Jason K. Greene | | | | 250 | | | | | 277,410 | | | | | 277,660 | | | | | * | | | Jason K. Greene | | | | 250 | | | | | 278,833 | | | | | 279,083 | | | | | * | | | ||||||||
| B. Evan Bayh | | | | 24,500 | | | | | 72,500 | | | | | 97,000 | | | | | * | | | B. Evan Bayh | | | | 26,167 | | | | | 77,500 | | | | | 103,667 | | | | | * | | | ||||||||
| Jonathan F. Foster | | | | 0 | | | | | 72,500 | | | | | 72,500 | | | | | * | | | Jonathan F. Foster | | | | 1,667 | | | | | 77,500 | | | | | 79,167 | | | | | * | | | ||||||||
| Idalene F. Kesner | | | | 28,000 | | | | | 44,500 | | | | | 72,500 | | | | | * | | | Idalene F. Kesner | | | | 29,667 | | | | | 49,500 | | | | | 79,167 | | | | | * | | | ||||||||
| Jill A. Rahman | | | | 0 | | | | | 0 | | | | | 0 | | | | | * | | | Jill A. Rahman | | | | 1,667 | | | | | 5,000 | | | | | 6,667 | | | | | * | | | ||||||||
| Carl J. (Rick) Rickertsen | | | | 0 | | | | | 44,500 | | | | | 44,500 | | | | | * | | | Carl J. (Rick) Rickertsen | | | | 1,667 | | | | | 38,500 | | | | | 40,167 | | | | | * | | | ||||||||
| Ronald S. Rolfe | | | | 1,040 | | | | | 72,500 | | | | | 73,540 | | | | | * | | | Paula A. Sneed | | | | 2,050 | | | | | 31,000 | | | | | 33,050 | | | | | * | | | ||||||||
| Paula A. Sneed | | | | 2,050 | | | | | 26,000 | | | | | 28,050 | | | | | * | | | Robert A. Steele | | | | 1,667 | | | | | 63,500 | | | | | 65,167 | | | | | * | | | ||||||||
| Robert A. Steele | | | | 0 | | | | | 58,500 | | | | | 58,500 | | | | | * | | | Stephen E. Sterrett | | | | 1,667 | | | | | 63,500 | | | | | 65,167 | | | | | * | | | ||||||||
| Stephen E. Sterrett | | | | 0 | | | | | 58,500 | | | | | 58,500 | | | | | * | | | Scott B. Ullem | | | | 1,667 | | | | | 47,500 | | | | | 49,167 | | | | | * | | | ||||||||
| Scott B. Ullem | | | | 0 | | | | | 42,500 | | | | | 42,500 | | | | | * | | | All current directors and executive officers as a group (17 persons)(2) | | | | 168,888 | | | | | 3,451,748 | | | | | 3,620,636 | | | | | 2.7% | | | ||||||||
| All current directors and executive officers as a group (18 persons)(2) | | | | 174,925 | | | | | 2,989,225 | | | | | 3,164,150 | | | | | 2.4% | | | EdgePoint Investment Group Inc.(3) | | | | 15,679,414 | | | | | — | | | | | 15,679,414 | | | | | 11.6% | | | ||||||||
| EdgePoint Investment Group Inc.(3) | | | | 14,132,464 | | | | | — | | | | | 14,132,464 | | | | | 10.6% | | | The Vanguard Group, Inc.(4) | | | | 11,850,871 | | | | | — | | | | | 11,850,871 | | | | | 8.8% | | | ||||||||
| The Vanguard Group, Inc.(4) | | | | 11,950,403 | | | | | — | | | | | 11,950,403 | | | | | 8.9% | | | ||||||||||||||||||||||||||||||
| Eminence Capital, LP(5) | | | | 11,844,005 | | | | | — | | | | | 11,844,005 | | | | | 8.8% | | | ||||||||||||||||||||||||||||||
| Canyon Capital Advisors LLC(6) | | | | 8,899,669 | | | | | — | | | | | 8,899,669 | | | | | 6.6% | | |
| Corporate Governance Information on our Website The following governance documents are available on the Investor page of our website, www.BerryGlobal.com, at “Corporate Governance — • Corporate Governance Guidelines • Global Code of Business Ethics • Certification and Supplemental Code of Ethics • Board Committee Charters • Share Ownership Guidelines Paper copies can be obtained by writing to our Secretary, Berry Global Group, Inc., 101 Oakley Street, Evansville, IN 47710. | |
| Committee | | | Duties and Responsibilities | | | Committee Members During Fiscal Year 2021(3) | | | Total Number of Meetings During Fiscal Year | |
| Audit & Finance Committee(2) | | | Assist the Board in fulfilling its oversight responsibilities relating to: • the accounting, financial and external reporting policies and practices of the Company; • the integrity of the Company’s financial statements; • the independence, qualifications and performance of the Company’s independent auditor; • the effectiveness of the Company’s internal control over financial reporting; • the risk assessment and risk management practices of the Company; • the performance of the Company’s internal audit function; and • compliance with the Company’s Global Code of Business Ethics. | | | Mr. Foster(1) Mr. Rickertsen Mr. Sterrett | | | 4 | |
| Compensation & Talent Development Committee | | | • Approve and recommend to our Board of Directors all compensation plans for the executive officers and our Board of Directors. • Approve the short-term compensation of the executive officers and recommend for Board of Directors approval the short-term compensation for members of our Board of Directors. • Approve and authorize grants under the Company’s incentive plans, including all equity plans and long-term incentive plans. • Lead the Board of Directors in its annual review of the executive officers’ performance. • Review, and report to the Board on, the Company’s succession planning. • Prepare any report on executive compensation required by Securities and Exchange Commission rules and regulations for inclusion in our annual Proxy Statement, if any. • Oversee the Company’s “Social” (including diversity, equity and inclusion) strategies, initiatives and disclosure, including related policies, programs and publications, and review significant findings of related internal and external assessments and audits. | | | Mr. Rickertsen(1) Mr. Bayh Mr. Foster Mr. Ullem | | | | |
| Nominating | | | • • • • Review CEO and executive officer succession planning with the Compensation & Talent Development Committee as appropriate. • Lead the Board in its annual review of the Board’s performance. • Oversee the Company’s “Environmental” and “Governance” strategies, initiatives and disclosure, including related policies, programs and publications, and review significant findings of related internal and external assessments and audits. | | | Dr. Kesner(1) Ms. Sneed Mr. Steele Ms. Rahman | | | |
| Name | | Fees Earned or Paid in Cash | | Option Awards(1) | | Total | | Name | | Fees Earned or Paid in Cash ($) | | Equity Awards(1) ($) | | Total ($) | | ||||||||||||||||||||||||
| B. Evan Bayh | | | $ | 105,000 | | | | $ | 163,990 | | | | $ | 268,990 | | | B. Evan Bayh | | | | 105,000 | | | | | 172,185 | | | | | 277,185 | | | ||||||
| Jonathan F. Foster | | | $ | 105,000 | | | | $ | 163,990 | | | | $ | 268,990 | | | Jonathan F. Foster | | | | 125,000 | | | | | 172,185 | | | | | 297,185 | | | ||||||
| Idalene F. Kesner | | | $ | 105,000 | | | | $ | 163,990 | | | | $ | 268,990 | | | Idalene F. Kesner | | | | 125,000 | | | | | 172,185 | | | | | 297,185 | | | ||||||
| Carl J. Rickertsen | | | $ | 125,000 | | | | $ | 163,990 | | | | $ | 288,990 | | | Jill A. Rahman | | | | 105,000 | | | | | 172,185 | | | | | 277,185 | | | ||||||
| Ronald S. Rolfe | | | $ | 125,000 | | | | $ | 163,990 | | | | $ | 288,990 | | | Carl J. Rickertsen | | | | 125,000 | | | | | 172,185 | | | | | 297,185 | | | ||||||
| Robert A. Steele | | | $ | 105,000 | | | | $ | 163,990 | | | | $ | 268,990 | | | Ronald S. Rolfe(2) | | | | 52,500 | | | | | 43,060 | | | | | 95,560 | | | ||||||
| Stephen E. Sterrett | | | $ | 160,000 | | | | $ | 163,990 | | | | $ | 323,990 | | | Robert A. Steele | | | | 105,000 | | | | | 172,185 | | | | | 277,185 | | | ||||||
| Scott B. Ullem | | | $ | 105,000 | | | | $ | 163,990 | | | | $ | 268,990 | | | Stephen E. Sterrett | | | | 140,000 | | | | | 172,185 | | | | | 312,185 | | | ||||||
| Paula A. Sneed | | | $ | 105,000 | | | | $ | 163,990 | | | | $ | 268,990 | | | Scott B. Ullem | | | | 105,000 | | | | | 172,185 | | | | | 277,185 | | | ||||||
| Paula A. Sneed | | | | 105,000 | | | | | 172,185 | | | | | 277,185 | | |
| Executive Compensation Highlights • Link compensation to Company performance. Performance drives pay. A significant portion of compensation opportunities for the • Balanced compensation program. The compensation program includes complementary but diverse performance goals, a balance of types of compensation, and caps on the amount of compensation that can be awarded. • Compensation aligned with stockholder interests. Long-term incentive compensation opportunities for the • Independent Compensation Consultant. Our Compensation & Talent Development Committee utilizes an independent compensation consultant. • Double trigger change in control arrangements. Benefits in connection with a change in control are only payable after a qualifying termination. • No repricing of awards. No previously granted awards can be repriced or surrendered in exchange for new awards. • Recoupment Policy. Our Compensation Recoupment Policy provides for the recoupment of executive compensation in the event of certain accounting irregularities by executives. | |
| Fiscal Our executive compensation program is comprised of (i) base salary, (ii) short-term annual performance-based cash incentives (annual • • The short-term annual performance-based cash incentive is comprised of two components that are tied directly to the performance of the Company: ■ an Adjusted EBITDA target (75% of the target award), and ■ a free cash flow target (25% of the target award). • Based on our actual results for the fiscal year ended • In fiscal • In fiscal 2021, we also granted performance-based restricted stock units with a target value equivalent to approximately 150 thousand shares, which will be settled only in cash, to Company executive officers, including performance-based restricted stock units with a target value equivalent to approximately 110 thousand shares to our Named Executive Officers. | |
| Fiscal | |
| Ball Corporation Sealed Air Corporation Avery Dennison Corporation Packaging Corporation of America | | | International Paper Company Amcor plc Mondi plc Westrock Company Westlake Chemical Corp. | | | Eastman Chemical Co. Ardagh Group SA AptarGroup, Inc. Crown Holdings, Inc. Akzo Nobel NV DS Smith plc | |
| | | | Target Bonus (% of Base Salary) | | | Adjusted EBITDA Factor (75%)(1) | | | Free Cash Flow Factor (25%)(1) | | | Bonus Achieved (% of Target Bonus) | | | | | Target STI (% of Base Salary) | | | Adjusted EBITDA Factor (75%) | | | Free Cash Flow Factor (25%) | | | STI Achieved (% of Target STI) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | Target | | Achieved | | Target | | Achieved | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
($ in millions) | | | | | Target STI (% of Base Salary) | | | Target | | Achieved | | Target | | Achieved | | | STI Achieved (% of Target STI) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CEO | | FY 2020 | | | | 125% | | | | $ | 2,150 | | | | $ | 2,209 | | | | $ | 800 | | | | $ | 947 | | | | | 167% | | | | FY 2021 | | | $ | 2,150 | | | | $ | 2,224 | | | | $ | 875 | | | | $ | 903 | | | ||||||||||||||||||||||||
Other NEOs | | FY 2020 | | | | 80% | | | | $ | 2,150 | | | | $ | 2,209 | | | | $ | 800 | | | | $ | 947 | | | | | 167% | | | | FY 2021 | | | | 80% | | | | $ | 2,150 | | | | $ | 2,224 | | | | $ | 875 | | | | $ | 903 | | | | | 149% | | |
| Name and Principal Position(1) | | Fiscal Year | | Salary | | Option Awards(2) | | Non-Equity Incentive Plan Compensation | | All Other Compensation | | Total | | Name and Principal Position(1) | | Fiscal Year | | Salary ($) | | Stock-Based Awards(2) ($) | | Option Awards(2) ($) | | Non-Equity Incentive Plan Compensation ($) | | All Other Compensation ($) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thomas E. Salmon Chairman and Chief Executive Officer | | | | | 2020 | | | | | 1,069,231 | | | | | 6,773,500 | | | | | 2,219,375 | | | | | 16,505(3) | | | | | 10,078,611 | | | Thomas E. Salmon Chairman and Chief Executive Officer | | | | | 2021 | | | | | 1,121,539 | | | | | 3,405,714 | | | | | 4,853,472 | | | | | 2,045,313 | | | | | 72,463(3) | | | | | 11,498,501 | | | |||||||||||
| | | 2019 | | | | | 1,027,692 | | | | | 4,298,300 | | | | | 250,000 | | | | | 14,952(3) | | | | | 5,590,944 | | | | | | 2020 | | | | | 1,069,231 | | | | | — | | | | | 6,773,500 | | | | | 2,219,375 | | | | | 16,505(3) | | | | | 10,078,611 | | | ||||||||||||||||
| | | 2018 | | | | | 973,077 | | | | | 3,568,000 | | | | | 213,750 | | | | | 20,566(3) | | | | | 4,775,393 | | | | | | 2019 | | | | | 1,027,692 | | | | | — | | | | | 4,298,300 | | | | | 250,000 | | | | | 14,952(3) | | | | | 5,590,944 | | | ||||||||||||||||
| Mark W. Miles Chief Financial Officer | | | | | 2020 | | | | | 593,462 | | | | | 1,853,800 | | | | | 786,580 | | | | | 18,620(4) | | | | | 3,252,462 | | | Mark W. Miles Chief Financial Officer | | | | | 2021 | | | | | 621,769 | | | | | 933,726 | | | | | 1,330,608 | | | | | 731,850 | | | | | 19,651(4) | | | | | 3,637,604 | | | |||||||||||
| | | 2019 | | | | | 577,846 | | | | | 1,297,600 | | | | | 92,625 | | | | | 19,469(4) | | | | | 1,987,540 | | | | | | 2020 | | | | | 593,462 | | | | | — | | | | | 1,853,800 | | | | | 786,580 | | | | | 18,620(4) | | | | | 3,252,462 | | | ||||||||||||||||
| | | 2018 | | | | | 559,231 | | | | | 1,159,600 | | | | | 80,438 | | | | | 20,787(4) | | | | | 1,820,056 | | | | | | 2019 | | | | | 577,846 | | | | | — | | | | | 1,297,600 | | | | | 92,625 | | | | | 19,469(4) | | | | | 1,987,540 | | | ||||||||||||||||
| Curt L. Begle President — Health, Hygiene & Specialities Division | | | | | 2020 | | | | | 600,000 | | | | | 1,140,800 | | | | | 804,000 | | | | | 21,951(4) | | | | | 2,566,751 | | | Curt L. Begle President — Health, Hygiene & Specialties Division | | | | | 2021 | | | | | 620,308 | | | | | 589,326 | | | | | 839,808 | | | | | 728,280 | | | | | 27,285(4) | | | | | 2,805,007 | | | |||||||||||
| | | 2019 | | | | | 581,250 | | | | | 1,102,960 | | | | | 85,313 | | | | | 23,892(4) | | | | | 1,793,415 | | | | | | 2020 | | | | | 600,000 | | | | | — | | | | | 1,140,800 | | | | | 804,000 | | | | | 21,951(4) | | | | | 2,566,751 | | | ||||||||||||||||
| | | 2018 | | | | | 511,539 | | | | | 892,000 | | | | | 73,125 | | | | | 23,073(4) | | | | | 1,499,737 | | | | | | 2019 | | | | | 581,250 | | | | | — | | | | | 1,102,960 | | | | | 85,313 | | | | | 23,892(4) | | | | | 1,793,415 | | | ||||||||||||||||
| Jean-Marc Galvez President — Consumer Packaging International Division | | | | | 2020 | | | | | 627,221 | | | | | 1,426,000 | | | | | 840,476 | | | | | 245,000(5) | | | | | 3,138,697 | | | Jean-Marc Galvez President — Consumer Packaging International Division | | | | | 2021 | | | | | 692,878 | | | | | 719,394 | | | | | 1,025,232 | | | | | 799,984 | | | | | 93,112(5) | | | | | 3,330,600 | | | |||||||||||
| | | 2019 | | | | | 546,711 | | | | | 811,000 | | | | | 84,322 | | | | | 145,700(5) | | | | | 1,587,734 | | | | | | 2020 | | | | | 627,221 | | | | | — | | | | | 1,426,000 | | | | | 840,476 | | | | | 245,000(5) | | | | | 3,138,697 | | | ||||||||||||||||
| | | 2018 | | | | | 517,288 | | | | | 713,600 | | | | | 76,369 | | | | | 138,978(5) | | | | | 1,446,235 | | | | | | 2019 | | | | | 546,711 | | | | | — | | | | | 811,000 | | | | | 84,322 | | | | | 145,700(5) | | | | | 1,587,734 | | | ||||||||||||||||
| Jason K. Greene Executive Vice President, Chief Legal Officer and Secretary | | | | | 2020 | | | | | 508,846 | | | | | 1,212,100 | | | | | 675,360 | | | | | 20,911(4) | | | | | 2,417,217 | | | Jason K. Greene Executive Vice President, Chief Legal Officer and Secretary | | | | | 2021 | | | | | 530,192 | | | | | 589,326 | | | | | 839,808 | | | | | 624,750 | | | | | 23,706(4) | | | | | 2,607,782 | | | |||||||||||
| | | 2019 | | | | | 496,462 | | | | | 811,000 | | | | | 79,625 | | | | | 21,110(4) | | | | | 1,408,197 | | | | | | 2020 | | | | | 508,846 | | | | | — | | | | | 1,212,100 | | | | | 675,360 | | | | | 20,911(4) | | | | | 2,417,217 | | | ||||||||||||||||
| | | | 2019 | | | | | 496,462 | | | | | — | | | | | 811,000 | | | | | 79,625 | | | | | 21,110(4) | | | | | 1,408,197 | | |
| | | | | | | Stock Options(1) | | | Executive Bonus Plan(2) | | ||||||||||||||||||||||||||||||
| Name | | | Grant Date | | | Number of Securities (#) | | | Exercise Price ($/Sh) | | | Grant Date Fair Value ($) | | | Estimated Possible Payouts Under Non-Equity Incentive Plan Awards ($) | | ||||||||||||||||||||||||
| Threshold ($) | | | Target ($) | | | Maximum ($) | | |||||||||||||||||||||||||||||||||
| Thomas E. Salmon | | |||||||||||||||||||||||||||||||||||||||
| Options | | | 11/25/2019 | | | | | 475,000 | | | | | $ | 45.60 | | | | | $ | 6,773,500 | | | | | | — | | | | | | — | | | | | | — | | |
| Executive Bonus Plan | | | 9/26/20 | | | | | — | | | | | | — | | | | | | — | | | | | $ | 397,500 | | | | | $ | 1,325,000 | | | | | $ | 2,650,000 | | |
| Mark W. Miles | | |||||||||||||||||||||||||||||||||||||||
| Options | | | 11/25/2019 | | | | | 130,000 | | | | | $ | 45.60 | | | | | $ | 1,853,800 | | | | | | — | | | | | | — | | | | | | — | | |
| Executive Bonus Plan | | | 9/26/20 | | | | | — | | | | | | — | | | | | | — | | | | | $ | 140,880 | | | | | $ | 469,600 | | | | | $ | 939,200 | | |
| Curt L. Begle | | |||||||||||||||||||||||||||||||||||||||
| Options | | | 11/25/2019 | | | | | 80,000 | | | | | $ | 45.60 | | | | | $ | 1,140,800 | | | | | | — | | | | | | — | | | | | | — | | |
| Executive Bonus Plan | | | 9/26/20 | | | | | — | | | | | | — | | | | | | — | | | | | $ | 144,000 | | | | | $ | 480,000 | | | | | $ | 960,000 | | |
| Jean-Marc Galvez | | |||||||||||||||||||||||||||||||||||||||
| Options | | | 11/25/2019 | | | | | 100,000 | | | | | $ | 45.60 | | | | | $ | 1,426,000 | | | | | | — | | | | | | — | | | | | | — | | |
| Executive Bonus Plan | | | 9/26/20 | | | | | — | | | | | | — | | | | | | — | | | | | $ | 160,084 | | | | | $ | 533,613 | | | | | $ | 1,067,226 | | |
| Jason K. Greene | | |||||||||||||||||||||||||||||||||||||||
| Options | | | 11/25/2019 | | | | | 85,000 | | | | | $ | 45.60 | | | | | $ | 1,212,100 | | | | | | — | | | | | | — | | | | | | — | | |
| Executive Bonus Plan | | | 9/26/20 | | | | | — | | | | | | — | | | | | | — | | | | | $ | 120,960 | | | | | $ | 403,200 | | | | | $ | 806,400 | | |
| | | | | | | Stock Options(1) | | | Executive Bonus Plan(2) | | | PSUs(3) | | | Grant Date Fair Value(4) ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||
| Name | | | Grant Date | | | Number of Securities (#) | | | Exercise Price ($/Sh) | | | Grant Date Fair Value ($) | | | Estimated Possible Payouts Under Non-Equity Incentive Plan Awards ($) | | | Estimated Possible Payouts Under Equity-Based Incentive Plan Awards | | |||||||||||||||||||||||||||||||||||||||||||||
| Threshold ($) | | | Target ($) | | | Maximum ($) | | | Threshold (#) | | | Target (#) | | | Maximum (#) | | ||||||||||||||||||||||||||||||||||||||||||||||||
| Thomas E. Salmon | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Options | | | 11/23/2020 | | | | | 296,667 | | | | | | 54.22 | | | | | | 4,853,472 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| PSUs | | | 11/23/2020 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 29,667 | | | | | | 59,333 | | | | | | 118,666 | | | | | | 3,405,714 | | |
| Executive Bonus Plan | | | 10/2/2021 | | | | | — | | | | | | — | | | | | | — | | | | | | 412,500 | | | | | | 1,375,000 | | | | | | 2,750,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Mark W. Miles | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Options | | | 11/23/2020 | | | | | 81,333 | | | | | | 54.22 | | | | | | 1,330,608 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| PSUs | | | 11/23/2020 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 8,134 | | | | | | 16,267 | | | | | | 32,534 | | | | | | 933,726 | | |
| Executive Bonus Plan | | | 10/2/2021 | | | | | — | | | | | | — | | | | | | — | | | | | | 147,600 | | | | | | 492,000 | | | | | | 984,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Curt L. Begle | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Options | | | 11/23/2020 | | | | | 51,333 | | | | | | 54.22 | | | | | | 839,808 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| PSUs | | | 11/23/2020 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,134 | | | | | | 10,267 | | | | | | 20,534 | | | | | | 589,326 | | |
| Executive Bonus Plan | | | 10/2/2021 | | | | | — | | | | | | — | | | | | | — | | | | | | 146,880 | | | | | | 489,600 | | | | | | 979,200 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Jean-Marc Galvez | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Options | | | 11/23/2020 | | | | | 62,667 | | | | | | 54.22 | | | | | | 1,025,232 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| PSUs | | | 11/23/2020 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,267 | | | | | | 12,533 | | | | | | 25,066 | | | | | | 719,394 | | |
| Executive Bonus Plan | | | 10/2/2021 | | | | | — | | | | | | — | | | | | | — | | | | | | 158,575 | | | | | | 528,582 | | | | | | 1,057,164 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Jason K. Greene | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Options | | | 11/23/2020 | | | | | 51,333 | | | | | | 54.22 | | | | | | 839,808 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| PSUs | | | 11/23/2020 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,134 | | | | | | 10,267 | | | | | | 20,534 | | | | | | 589,326 | | |
| Executive Bonus Plan | | | 10/2/2021 | | | | | — | | | | | | — | | | | | | — | | | | | | 126,000 | | | | | | 420,000 | | | | | | 840,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | Metric Weighting | | | | | | | ||||||||||||||||
| | Fifty Percent (50%) | | | | Relative TSR vs. Peer Group | | | ||||||||||||||||
| | | | | | | | | Threshold | | | | Target | | | | Maximum | | | |||||
| Percentile | | | | Below 25% | | | | 25% | | | | 50% | | | | 75% | | | |||||
| Vesting Payout % | | | | 0% | | | | 50% | | | | 100% | | | | 200% | | | |||||
| | Fifty Percent (50%) | | | | ROCE | | | ||||||||||||||||
| | | | | | | | | Threshold | | | | Target | | | | Maximum | | | |||||
| Performance | | | | Below 13% | | | | 13% | | | | 14% | | | | 15% | | | |||||
| Vesting Payout % | | | | 0% | | | | 50% | | | | 100% | | | | 200% | | | |||||
| | Payout scale pro-rated on a straight-line basis. | | |
| Name | | Number of Securities Underlying Unexercised Options (#) Exercisable | | Number of Securities Underlying Unexercised Options (#) Unexercisable(1) | | Option Exercise Price ($/sh) | | Option Expiration Date | | | | Option Awards | | Stock-Based Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thomas E. Salmon | | | | | 44,815 | | | | | — | | | | | 16.00 | | | | | 10/3/22 | | | Name | | Number of Securities Underlying Unexercised Options (#) Exercisable | | Number of Securities Underlying Unexercised Options (#) Unexercisable(1) | | Option Exercise Price ($/sh) | | Option Expiration Date | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested(7) (#) | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(8) ($) | | Grant Date | | |||||||||||||||||||||||||||||||
| | | 95,000 | | | | | — | | | | | 21.00 | | | | | 11/26/23 | | | Thomas E. Salmon | | | | | 44,815 | | | | | — | | | | | 16.00 | | | | | 10/3/22 | | | | | — | | | | | — | | | | | — | | | ||||||||||||
| | | 100,000 | | | | | — | | | | | 28.75 | | | | | 11/25/24 | | | | | | 95,000 | | | | | — | | | | | 21.00 | | | | | 11/26/23 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | 56,000 | | | | | 14,000(2) | | | | | 29.59 | | | | | 2/12/26 | | | | | | 100,000 | | | | | — | | | | | 28.75 | | | | | 11/25/24 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | 150,000 | | | | | 100,000(3) | | | | | 49.53 | | | | | 2/7/27 | | | | | | 60,000 | | | | | 29.59 | | | | | — | | | | | 2/12/26 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | 80,000 | | | | | 120,000(5) | | | | | 54.33 | | | | | 2/9/28 | | | | | | 150,000 | | | | | 100,000(2) | | | | | 49.53 | | | | | 2/7/27 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | 53,000 | | | | | 212,000(6) | | | | | 49.90 | | | | | 2/5/29 | | | | | | 120,000 | | | | | 80,000(3) | | | | | 54.33 | | | | | 2/9/28 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | — | | | | | 475,000(7) | | | | | 45.60 | | | | | 11/25/29 | | | | | | 106,000 | | | | | 159,000(4) | | | | | 49.90 | | | | | 2/5/29 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| Mark W. Miles | | | | | 160,000 | | | | | — | | | | | 21.00 | | | | | 11/26/23 | | | | | | 95,000 | | | | | 380,000(5) | | | | | 45.60 | | | | | 11/25/29 | | | | | — | | | | | — | | | | | — | | | |||||||||||
| | | 160,000 | | | | | — | | | | | 28.75 | | | | | 11/25/24 | | | | | | — | | | | | 296,667(6) | | | | | 54.22 | | | | | 11/23/30 | | | | | 59,333 | | | | | 3,637,113 | | | | | 11/23/20 | | | ||||||||||||||
| | | 100,000 | | | | | 25,000(2) | | | | | 29.59 | | | | | 2/12/26 | | | Mark W. Miles | | | | | 160,000 | | | | | — | | | | | 21.00 | | | | | 11/26/23 | | | | | — | | | | | — | | | | | — | | | ||||||||||||
| | | 48,000 | | | | | 32,000(3) | | | | | 49.53 | | | | | 2/7/27 | | | | | | 160,000 | | | | | — | | | | | 28.75 | | | | | 11/25/24 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | 26,000 | | | | | 39,000(5) | | | | | 54.33 | | | | | 2/9/28 | | | | | | 125,000 | | | | | — | | | | | 29.59 | | | | | 2/12/26 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | 16,000 | | | | | 64,000(6) | | | | | 49.90 | | | | | 2/5/29 | | | | | | 64,000 | | | | | 16,000(2) | | | | | 49.53 | | | | | 2/7/27 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | | | | | 130,000(7) | | | | | 45.60 | | | | | 11/25/29 | | | | | | 39,000 | | | | | 26,000(3) | | | | | 54.33 | | | | | 2/9/28 | | | | | — | | | | | — | | | | | — | | | |||||||||||||||
| Curt L. Begle | | | | | 36,000 | | | | | — | | | | | 21.00 | | | | | 11/26/23 | | | | | | 32,000 | | | | | 48,000(4) | | | | | 49.90 | | | | | 2/5/29 | | | | | — | | | | | — | | | | | — | | | |||||||||||
| | | 54,000 | | | | | — | | | | | 28.75 | | | | | 11/25/24 | | | | | | 26,000 | | | | | 104,000(5) | | | | | 45.60 | | | | | 11/25/29 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | 56,000 | | | | | 14,000(2) | | | | | 29.59 | | | | | 2/12/26 | | | | | | — | | | | | 81,333(6) | | | | | 54.22 | | | | | 11/23/30 | | | | | 16,267 | | | | | 997,167 | | | | | 11/23/20 | | | ||||||||||||||
| | | 36,000 | | | | | 24,000(3) | | | | | 49.53 | | | | | 2/7/27 | | | Curt L. Begle | | | | | 36,000 | | | | | — | | | | | 21.00 | | | | | 11/26/23 | | | | | — | | | | | — | | | | | — | | | ||||||||||||
| | | 20,000 | | | | | 30,000(5) | | | | | 54.33 | | | | | 2/9/28 | | | | | | 54,000 | | | | | — | | | | | 28.75 | | | | | 11/25/24 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | 13,600 | | | | | 54,400(6) | | | | | 49.90 | | | | | 2/5/29 | | | | | | 60,000 | | | | | — | | | | | 29.59 | | | | | 2/12/26 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | | | | | 80,000(7) | | | | | 45.60 | | | | | 11/25/29 | | | | | | 48,000 | | | | | 12,000(2) | | | | | 49.53 | | | | | 2/7/27 | | | | | — | | | | | — | | | | | — | | | |||||||||||||||
| Jean-Marc Galvez | | | | | 32,000 | | | | | 8,000(4) | | | | | 36.36 | | | | | 11/30/25 | | | | | | 30,000 | | | | | 20,000(3) | | | | | 54.33 | | | | | 2/9/28 | | | | | — | | | | | — | | | | | — | | | |||||||||||
| | | 30,000 | | | | | 20,000(3) | | | | | 49.53 | | | | | 2/7/27 | | | | | | 27,200 | | | | | 40,800(4) | | | | | 49.90 | | | | | 2/5/29 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | 16,000 | | | | | 24,000(5) | | | | | 54.33 | | | | | 2/9/28 | | | | | | 16,000 | | | | | 64,000(5) | | | | | 45.60 | | | | | 11/25/29 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | 10,000 | | | | | 40,000(6) | | | | | 49.90 | | | | | 2/5/29 | | | | | | — | | | | | 51,333(6) | | | | | 54.22 | | | | | 11/23/30 | | | | | 10,267 | | | | | 629,367 | | | | | 11/23/20 | | | ||||||||||||||
| | | | | | | 100,000(7) | | | | | 45.60 | | | | | 11/25/29 | | | Jean-Marc Galvez | | | | | 40,000 | | | | | — | | | | | 36.36 | | | | | 11/30/25 | | | | | — | | | | | — | | | | | — | | | |||||||||||||
| Jason K. Greene | | | | | 20,500 | | | | | — | | | | | 21.00 | | | | | 11/26/23 | | | | | | 40,000 | | | | | 10,000(2) | | | | | 49.53 | | | | | 2/7/27 | | | | | — | | | | | — | | | | | — | | | |||||||||||
| | | 90,000 | | | | | — | | | | | 28.75 | | | | | 11/25/24 | | | | | | 24,000 | | | | | 16,000(3) | | | | | 54.33 | | | | | 2/9/28 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | 60,000 | | | | | 15,000(2) | | | | | 29.59 | | | | | 2/12/26 | | | | | | 20,000 | | | | | 30,000(4) | | | | | 49.90 | | | | | 2/5/29 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | 30,000 | | | | | 20,000(3) | | | | | 49.53 | | | | | 2/7/27 | | | | | | 20,000 | | | | | 80,000(5) | | | | | 45.60 | | | | | 11/25/29 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||
| | | 16,000 | | | | | 24,000(5) | | | | | 54.33 | | | | | 2/9/28 | | | | | | — | | | | | 62,667(6) | | | | | 54.22 | | | | | 11/23/30 | | | | | 12,533 | | | | | 768,273 | | | | | 11/23/20 | | | ||||||||||||||
| | | 10,000 | | | | | 40,000(6) | | | | | 49.90 | | | | | 2/5/29 | | | Jason K. Greene | | | | | 20,500 | | | | | — | | | | | 21.00 | | | | | 11/26/23 | | | | | — | | | | | — | | | | | — | | | ||||||||||||
| | | | | | | 85,000(7) | | | | | 45.60 | | | | | 11/25/29 | | | | | | 90,000 | | | | | — | | | | | 28.75 | | | | | 11/25/24 | | | | | — | | | | | — | | | | | — | | | |||||||||||||||
| | | | 75,000 | | | | | — | | | | | 29.59 | | | | | 2/12/26 | | | | | — | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||
| | | 40,000 | | | | | 10,000(2) | | | | | 49.53 | | | | | 2/7/27 | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||
| | | 24,000 | | | | | 16,000(3) | | | | | 54.33 | | | | | 2/9/28 | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||
| | | 20,000 | | | | | 30,000(4) | | | | | 49.90 | | | | | 2/5/29 | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||
| | | 17,000 | | | | | 68,000(5) | | | | | 45.60 | | | | | 11/25/29 | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||
| | | — | | | | | 51,333(6) | | | | | 54.22 | | | | | 11/23/30 | | | | | 10,267 | | | | | 629,367 | | | | | 11/23/20 | | |
| Name | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($)(1) | | Name | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($)(1) | | ||||||||||||||||
| Thomas E. Salmon | | | | 15,185 | | | | $ | 356,848(2) | | | Thomas E. Salmon | | | | — | | | | | — | | | ||||
| Mark W. Miles | | | | 45,000 | | | | $ | 1,190,500(2) | | | Mark W. Miles | | | | — | | | | | — | | | ||||
| Curt L. Begle | | | | 20,000 | | | | $ | 739,046 | | | Curt L. Begle | | | | 90,000 | | | | | 3,292,560 | | | ||||
| Jean-Marc Galvez | | | | — | | | | | — | | | Jean-Marc Galvez | | | | — | | | | | — | | | ||||
| Jason K. Greene | | | | 10,000 | | | | $ | 318,420 | | | Jason K. Greene | | | | 65,500 | | | | | 2,282,735 | | | |
Name | | | | | | Executive Contributions in Last FY(1) ($) | | | Registrant Contributions in Last FY ($) | | | Aggregate Earnings in Last FY(2) ($) | | | Aggregate Withdrawals/ Distributions ($) | | | Aggregate Balance at Last FYE ($) | | |||||||||||||||
Thomas E. Salmon | | | Berry Global Non-qualified Deferred Compensation Plan | | | | | 7,962 | | | | | | — | | | | | | (147) | | | | | | — | | | | | | 7,815 | | |
Mark W. Miles | | | Berry Global Non-qualified Deferred Compensation Plan | | | | | 36,462 | | | | | | — | | | | | | (673) | | | | | | — | | | | | | 35,789 | | |
Curt L. Begle | | | Berry Global Non-qualified Deferred Compensation Plan | | | | | 54,606 | | | | | | — | | | | | | (936) | | | | | | — | | | | | | 53,670 | | |
Jean-Marc Galvez | | | Berry Global Non-qualified Deferred Compensation Plan | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Jason K. Greene | | | Berry Global Non-qualified Deferred Compensation Plan | | | | | 19,244 | | | | | | — | | | | | | (200) | | | | | | — | | | | | | 19,044 | | |
| Named Executive | | | Event | | | Cash Severance Payment (Salary, Bonus $) | | | Continuation of Medical/Welfare benefits (Present Value $) | | | Acceleration of Options ($)(1) | | |||||||||
| Thomas E. Salmon | | | Death | | | | $ | — | | | | | $ | — | | | | | $ | 1,119,010 | | |
| Disability | | | | $ | — | | | | | $ | — | | | | | $ | 1,119,010 | | | |||
| Voluntary Termination/Retirement | | | | $ | — | | | | | $ | — | | | | | $ | — | | | |||
| Involuntary Termination | | | | $ | 1,590,000 | | | | | $ | — | | | | | $ | 290,568 | | | |||
| Involuntary Termination for Cause | | | | $ | — | | | | | $ | — | | | | | $ | — | | | |||
| | | | Involuntary or constructive termination after Change in Control(2) | | | | $ | 3,825,000 | | | | | $ | 32,000 | | | | | $ | 1,119,010 | | |
| Mark W. Miles | | | Death | | | | $ | — | | | | | $ | — | | | | | $ | 683,900 | | |
| Disability | | | | $ | — | | | | | $ | — | | | | | $ | 683,900 | | | |||
| Voluntary Termination/Retirement | | | | $ | — | | | | | $ | — | | | | | $ | — | | | |||
| Involuntary Termination | | | | $ | 587,000 | | | | | $ | — | | | | | $ | 299,817 | | | |||
| Involuntary Termination for Cause | | | | $ | — | | | | | $ | — | | | | | $ | — | | | |||
| | | | Involuntary or constructive termination after Change in Control(2) | | | | $ | 1,584,900 | | | | | $ | 29,000 | | | | | $ | 683,900 | | |
| Curt L. Begle | | | Death | | | | $ | — | | | | | $ | — | | | | | $ | 396,160 | | |
| Disability | | | | $ | — | | | | | $ | — | | | | | $ | 396,160 | | | |||
| Voluntary Termination/Retirement | | | | $ | — | | | | | $ | — | | | | | $ | — | | | |||
| Involuntary Termination | | | | $ | 600,000 | | | | | $ | — | | | | | $ | 170,093 | | | |||
| Involuntary Termination for Cause | | | | $ | — | | | | | $ | — | | | | | $ | — | | | |||
| Involuntary or constructive termination after Change in Control(2) | | | | $ | 1,620,000 | | | | | $ | 28,000 | | | | | $ | 396,160 | | | |||
| Jean-Marc Galvez | | | Death | | | | $ | — | | | | | $ | — | | | | | $ | 271,560 | | |
| Disability | | | | $ | — | | | | | $ | — | | | | | $ | 271,560 | | | |||
| Voluntary Termination/Retirement | | | | $ | — | | | | | $ | — | | | | | $ | — | | | |||
| Involuntary Termination | | | | $ | 1,600,800 | | | | | $ | — | | | | | $ | 104,300 | | | |||
| Involuntary Termination for Cause | | | | $ | — | | | | | $ | — | | | | | $ | — | | | |||
| Involuntary or constructive termination after Change in Control(2) | | | | $ | 1,600,800 | | | | | $ | 4,700 | | | | | $ | 271,560 | | |
| Named Executive | | Event | | Cash Severance Payment (Salary, Bonus $) | | Continuation of Medical/Welfare benefits (Present Value $) | | Acceleration of Options ($)(1) | | Named Executive | | Event | | Cash Severance Payment (Salary, Bonus $) | | Continuation of Medical/Welfare benefits (Present Value $) | | Acceleration of Options ($)(1) | | Acceleration of PSUs ($)(3) | | ||||||||||||||||||||||||||||||
| Jason K. Greene | | | Death | | | $ | — | | | | $ | — | | | | $ | 423,150 | | | Thomas E. Salmon | | | Death | | | | — | | | | | — | | | | | 8,924,700 | | | | | 3,637,113 | | | |||||||
| Disability | | | $ | — | | | | $ | — | | | | $ | 423,150 | | | | Disability | | | | — | | | | | — | | | | | 8,924,700 | | | | | 3,637,113 | | | ||||||||||||
| Voluntary Termination/Retirement | | | $ | — | | | | $ | — | | | | $ | — | | | | Voluntary Termination/Retirement | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||||
| Involuntary Termination | | | $ | 504,000 | | | | $ | — | | | | $ | 182,025 | | | | Involuntary Termination | | | | 1,725,000 | | | | | — | | | | | 2,101,292 | | | | | 1,010,309 | | | ||||||||||||
| Involuntary Termination for Cause | | | $ | — | | | | $ | — | | | | $ | — | | | | Involuntary Termination for Cause | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||||
| | | Involuntary or constructive termination after Change in Control(2) | | | $ | 1,360,800 | | | | $ | 21,000 | | | | $ | 423,150 | | | | | Involuntary or constructive termination after Change in Control(2) | | | | 3,881,250 | | | | | 17,000 | | | | | 8,924,700 | | | | | 3,637,113 | | | |||||||||
| Mark W. Miles | | | Death | | | | — | | | | | — | | | | | 2,549,540 | | | | | 997,167 | | | |||||||||||||||||||||||||||
| Disability | | | | — | | | | | — | | | | | 2,549,540 | | | | | 997,167 | | | ||||||||||||||||||||||||||||||
| Voluntary Termination/Retirement | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||||||||||||||||||||||
| Involuntary Termination | | | | 632,000 | | | | | — | | | | | 609,276 | | | | | 276,991 | | | ||||||||||||||||||||||||||||||
| Involuntary Termination for Cause | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||||||||||||||||||||||
| | | Involuntary or constructive termination after Change in Control(2) | | | | 1,706,400 | | | | | 24,000 | | | | | 2,549,540 | | | | | 997,167 | | | ||||||||||||||||||||||||||||
| Curt L. Begle | | | Death | | | | — | | | | | — | | | | | 1,750,560 | | | | | 629,367 | | | |||||||||||||||||||||||||||
| Disability | | | | — | | | | | — | | | | | 1,750,560 | | | | | 629,367 | | | ||||||||||||||||||||||||||||||
| Voluntary Termination/Retirement | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||||||||||||||||||||||
| Involuntary Termination | | | | 631,000 | | | | | — | | | | | 422,822 | | | | | 174,824 | | | ||||||||||||||||||||||||||||||
| Involuntary Termination for Cause | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||||||||||||||||||||||
| | | Involuntary or constructive termination after Change in Control(2) | | | | 1,703,700 | | | | | 24,000 | | | | | 1,750,560 | | | | | 629,367 | | | ||||||||||||||||||||||||||||
| Jean-Marc Galvez | | | Death | | | | — | | | | | — | | | | | 1,827,220 | | | | | 768,273 | | | |||||||||||||||||||||||||||
| Disability | | | | — | | | | | — | | | | | 1,827,220 | | | | | 768,273 | | | ||||||||||||||||||||||||||||||
| Voluntary Termination/Retirement | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||||||||||||||||||||||
| Involuntary Termination | | | | 1,639,814 | | | | | — | | | | | 429,352 | | | | | 213,409 | | | ||||||||||||||||||||||||||||||
| Involuntary Termination for Cause | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||||||||||||||||||||||
| | | Involuntary or constructive termination after Change in Control(2) | | | | 1,639,814 | | | | | 4,700 | | | | | 1,827,220 | | | | | 768,273 | | | ||||||||||||||||||||||||||||
| Jason K. Greene | | | Death | | | | — | | | | | — | | | | | 1,638,820 | | | | | 629,367 | | | |||||||||||||||||||||||||||
| Disability | | | | — | | | | | — | | | | | 1,638,820 | | | | | 629,367 | | | ||||||||||||||||||||||||||||||
| Voluntary Termination/Retirement | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||||||||||||||||||||||
| Involuntary Termination | | | | 538,000 | | | | | — | | | | | 390,102 | | | | | 174,824 | | | ||||||||||||||||||||||||||||||
| Involuntary Termination for Cause | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||||||||||||||||||||||
| Involuntary or constructive termination after Change in Control(2) | | | | 1,452,600 | | | | | 11,000 | | | | | 1,638,820 | | | | | 629,367 | | |
| Plan category | | Number of securities to be issued upon exercise of outstanding options, warrants and rights | | Weighted average exercise price of outstanding options, warrants and rights | | Number of securities remaining available for future issuance under equity compensation plan (excluding securities referenced in column (a)) | | Plan category | | Number of securities to be issued upon exercise of outstanding options, warrants and rights | | Weighted average exercise price of outstanding options, warrants and rights | | Number of securities remaining available for future issuance under equity compensation plan (excluding securities referenced in column (a)) | | ||||||||||||||||||||||||
| | | (a) | | (b) | | (c) | | | | (a) | | (b) | | (c) | | ||||||||||||||||||||||||
| Equity compensation plans approved by security holders | | | | 11,460,066(1) | | | | $ | 41.10 | | | | | 2,677,730(3) | | | Equity compensation plans approved by security holders | | | | 11,274,408(1) | | | | $ | 44.62 | | | | | 8,514,745 | | | ||||||
| Equity compensation plans not approved by security holders(2) | | | | 98,737 | | | | $ | 10.92 | | | | | — | | | Equity compensation plans not approved by security holders(2) | | | | 27,914 | | | | $ | 13.41 | | | | | — | | | ||||||
| Total | | | | 11,558,803 | | | | $ | 40.84 | | | | | 2,677,730 | | | Total | | | | 11,302,322 | | | | $ | 44.54 | | | | | 8,514,745 | | |
| Country | | | Employee Count | | | Country | | | Employee Count | |
| India | | | 271 | | | Iceland | | | 99 | |
| Bosnia and Herzegovina | | | 233 | | | Romania | | | 89 | |
| Estonia | | | 216 | | | Finland | | | 45 | |
| Norway | | | 167 | | | Hong Kong | | | 36 | |
| Country | | | Employee Count | | | Country | | | Employee Count | |
| Columbia | | | 152 | | | Switzerland | | | 22 | |
| Russia | | | 150 | | | Austria | | | 8 | |
| Argentina | | | 144 | | | Hungary | | | 2 | |
| Australia | | | 129 | | | Lithuania | | | 2 | |
| Thailand | | | 125 | | | Malaysia | | | 1 | |
| Philippines | | | 114 | | | Peru | | | 1 | |
| Tunisia | | | 106 | | | | | | | |
Fee type | | | 2020 | | | 2019 | | ||||||
Audit Fees(1) | | | | $ | 10.3 | | | | | $ | 8.2 | | |
Audit-Related Fees(2) | | | | | — | | | | | | 0.2 | | |
Tax Fees(3) | | | | | 0.2 | | | | | | 0.4 | | |
All Other Fees | | | | | — | | | | | | — | | |
Total Fees | | | | $ | 10.5 | | | | | $ | 8.8 | | |
Fee type | | | 2021 | | | 2020 | | ||||||
Audit Fees(1) | | | | $ | 8.5 | | | | | $ | 10.3 | | |
Audit-Related Fees(2) | | | | | | | | | | | — | | |
Tax Fees(3) | | | | | 0.1 | | | | | | 0.2 | | |
All Other Fees | | | | | | | | | | | — | | |
Total Fees | | | | $ | 8.6 | | | | | $ | 10.5 | | |
| 1) | | | earnings per share | | | 17) | | | profit margin; | |
| 2) | | | book value per share; | | | 18) | | | stock price; | |
| 3) | | | operating cash flow; | | | 19) | | | enterprise value; | |
| 4) | | | free cash flow; | | | 20) | | | operating income; | |
| 5) | | | cash flow return on investments; | | | 21) | | | EBIT or EBITDA; | |
| 6) | | | cash available; | | | 22) | | | expenses or operating expenses; | |
| 7) | | | net income (before or after taxes); | | | 23) | | | productivity of employees as measured by revenues, costs, or earnings per employee; | |
| 8) | | | revenue or revenue growth; | | | 24) | | | working capital; | |
| 9) | | | total stockholder return; | | | 25) | | | improvements in capital structure; | |
| 10) | | | return on invested capital; | | | 26) | | | client retention and/or satisfaction; | |
| 11) | | | return on stockholder equity; | | | 27) | | | market share; | |
| 12) | | | return on assets; | | | 28) | | | employee retention and/or satisfaction; | |
| 13) | | | return on common book equity; | | | 29) | | | completion of operating milestones; | |
| 14) | | | market share; | | | 30) | | | cost reduction goals; | |
| 15) | | | economic value added; | | | 31) | | | return on capital employed; or | |
| 16) | | | operating margin; | | | 32) | | | any combination of the foregoing. | |