| | Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting to Be Held on 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 decide to hold a virtual meeting, we will announce it in advance in a press release, and details will be posted on our website and filed as additional proxy soliciting materials with the Securities and Exchange Commission. Accordingly, if you are planning to attend our Annual Meeting, please monitor our website prior to the meeting date. | | |
| 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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| Global Code of Business Ethics | | | | | | | |
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| REPORT OF THE AUDIT & FINANCE COMMITTEE | | | | | | | |
| EXECUTIVE COMPENSATION | | | | | | | |
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| Compensation & Talent Development Committee Report | | | | | | | |
| Compensation Committee Interlocks and Insider Participation | | | | | | | |
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| Employment Agreements; Potential Payments Upon Termination or Change in Control | | | | | | | |
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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 | |||||||
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 | | | | | | FOR | | |
| Proposal 3 – Executive Compensation (page 35) The Board recommends that stockholders approve, on an advisory, non-binding basis, our executive compensation. | | | | | | FOR | |
| Name | | | Director Since | | | Age | | | Occupation | | | Committee(1) | | | Indep | | | Other Public Company Boards | |
| 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 | | | 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 | | | 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 | | | 61 | | | Chief Operating Officer of The Greater Chicago Food Depository | | | NGC | | | ✓ | | | TreeHouse Foods (NYSE:THS) | |
| Carl J. (Rick) Rickertsen | | | 2013 | | | 61 | | | Managing Partner of Pine Creek Partners | | | CC (Chair) | | | ✓ | | | Hut 8 Mining Corp. (NASDAQ: HUT) | |
| Thomas E. Salmon | | | 2017 | | | 58 | | | Berry Chairman of the Board and Chief Executive Officer | | | | | | | | | Old National Bancorp (NASDAQ: ONB) | |
| Paula A. Sneed | | | 2018 | | | 74 | | | Chairperson and CEO of Phelps Prescott Group LLC | | | NGC | | | ✓ | | | Charles Schwab Corporation (NYSE: SCHW) | |
| 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 | | | 66 | | | Retired Sr. Executive Vice President and Chief Financial Officer of Simon Property Group, Inc. | | | AC | | | ✓ | | | Equity Residential (NYSE: EQR) | |
| Scott B. Ullem | | | 2016 | | | 55 | | | Chief Financial Officer of Edwards Lifesciences Corporation | | | AC CC | | | ✓ | | | None | |
| Board Independence | | | • 9 of • • | |
| Lead Independent Director | | | | |
| Board | | | • • | |
| Accountability to Stockholders | | | • Proxy • Uncontested Director Election Majority Voting/Director Resignation • | |
• • | | ||||
| Risk Oversight | | | • • Designated Board committees | |
| Succession Planning | | | • The Board • The Board | |
| Annual Board/Committee Self-evaluation | | | | |
| Robust Director and Executive Officer Share Ownership Guidelines | | | | |
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| | | | 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) • | | | 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 | |||||
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| Thomas E. Salmon Age: 58 Chief Executive Officer and Chairman of the Board | | | |
| B. Evan Bayh Age: 66 Director | | | |
| Jonathan F. Foster Age: 61 Director | | | |
| Idalene F. Kesner Age: 63 Director | | | |
| Jill A. Rahman Age: 61 Director | | | |
| Carl J. (Rick) Rickertsen Age: 61 Director | | | |
| Paula A. Sneed Age: 74 Director | | | |
| Robert A. Steele Age: 66 Director | | | |
| Stephen E. Sterrett Age: 66 Director | | | |
| Scott B. Ullem Age: 55 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 | | | | 25,400 | | | | | 273,000 | | | | | 298,400 | | | | | * | | | Thomas E. Salmon | | | | 45,585 | | | | | 1,142,982 | | | | | 1,188,576 | | | | | * | | | ||||||||
| Jonathan D. Rich | | | | 225,350 | | | | | 1,826,000 | | | | | 2,051,350 | | | | | 1.6% | | | Mark W. Miles | | | | 25,000 | | | | | 697,333 | | | | | 722,333 | | | | | * | | | ||||||||
| Mark W. Miles | | | | 52,916 | | | | | 335,000 | | | | | 387,916 | | | | | * | | | Curt L. Begle | | | | 28,500 | | | | | 255,633 | | | | | 284,133 | | | | | * | | | ||||||||
| Scott M. Tracey | | | | — | | | | | 40,000 | | | | | 40,000 | | | | | * | | | Jean-Marc Galvez | | | | 0 | | | | | 207,667 | | | | | 207,667 | | | | | * | | | ||||||||
| Curt L. Begle | | | | 28,500 | | | | | 96,000 | | | | | 124,500 | | | | | * | | | Jason K. Greene | | | | 250 | | | | | 278,833 | | | | | 279,083 | | | | | * | | | ||||||||
| Jean-Marc Galvez | | | | — | | | | | 26,000 | | | | | 26,000 | | | | | * | | | B. Evan Bayh | | | | 26,167 | | | | | 77,500 | | | | | 103,667 | | | | | * | | | ||||||||
| B. Evan Bayh | | | | 24,500 | | | | | 46,500 | | | | | 71,000 | | | | | * | | | Jonathan F. Foster | | | | 1,667 | | | | | 77,500 | | | | | 79,167 | | | | | * | | | ||||||||
| Jonathan F. Foster | | | | — | | | | | 46,500 | | | | | 46,500 | | | | | * | | | Idalene F. Kesner | | | | 29,667 | | | | | 49,500 | | | | | 79,167 | | | | | * | | | ||||||||
| Idalene F. Kesner | | | | 21,000 | | | | | 25,500 | | | | | 46,500 | | | | | * | | | Jill A. Rahman | | | | 1,667 | | | | | 5,000 | | | | | 6,667 | | | | | * | | | ||||||||
| Carl J. (Rick) Rickertsen | | | | — | | | | | 32,500 | | | | | 32,500 | | | | | * | | | Carl J. (Rick) Rickertsen | | | | 1,667 | | | | | 38,500 | | | | | 40,167 | | | | | * | | | ||||||||
| Ronald S. Rolfe | | | | — | | | | | 46,500 | | | | | 46,500 | | | | | * | | | Paula A. Sneed | | | | 2,050 | | | | | 31,000 | | | | | 33,050 | | | | | * | | | ||||||||
| Robert V. Seminara | | | | 43,253 | | | | | 62,000 | | | | | 105,253 | | | | | * | | | Robert A. Steele | | | | 1,667 | | | | | 63,500 | | | | | 65,167 | | | | | * | | | ||||||||
| Paula A. Sneed | | | | 50 | | | | | 50 | | | | | * | | | | | * | | | Stephen E. Sterrett | | | | 1,667 | | | | | 63,500 | | | | | 65,167 | | | | | * | | | ||||||||
| Robert A. Steele | | | | — | | | | | 32,500 | | | | | 32,500 | | | | | * | | | Scott B. Ullem | | | | 1,667 | | | | | 47,500 | | | | | 49,167 | | | | | * | | | ||||||||
| Stephen E. Sterrett | | | | — | | | | | 32,500 | | | | | 32,500 | | | | | * | | | All current directors and executive officers as a group (17 persons)(2) | | | | 168,888 | | | | | 3,451,748 | | | | | 3,620,636 | | | | | 2.7% | | | ||||||||
| Scott B. Ullem | | | | — | | | | | 16,500 | | | | | 16,500 | | | | | * | | | EdgePoint Investment Group Inc.(3) | | | | 15,679,414 | | | | | — | | | | | 15,679,414 | | | | | 11.6% | | | ||||||||
| All current directors, director nominees and executive officers as a group (18 persons)(3) | | | | 421,219 | | | | | 2,855,947 | | | | | 3,277,166 | | | | | 3.0% | | | The Vanguard Group, Inc.(4) | | | | 11,850,871 | | | | | — | | | | | 11,850,871 | | | | | 8.8% | | | ||||||||
| The Vanguard Group, Inc.(4) | | | | 9,045,907 | | | | | — | | | | | 9,045,907 | | | | | 6.9% | | | ||||||||||||||||||||||||||||||
| Boston Partners(5) | | | | 6,979,025 | | | | | | | | | | 6,979,025 | | | | | 5.3% | | | ||||||||||||||||||||||||||||||
| TIAA-CREF Investment Management, LLC(6) | | | | 6,903,432 | | | | | — | | | | | 6,903,432 | | | | | 5.3% | | |
| 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 | |
| Committee | | | Duties and Responsibilities | | | Committee Members During Fiscal Year 2021(3) | | | Total Number of Meetings During Fiscal Year | |
| Audit & Finance Committee(2) | | | • the • the integrity of the Company’s financial statements; • the independence, qualifications and performance of • the • • the • | | | Mr. Mr. Rickertsen Mr. | | | | |
| Compensation & Talent Development Committee | | | • Approve and recommend to our Board of Directors all compensation plans for the • Approve the short-term compensation of the • 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 • 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 | | | 4 | |
| 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) 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 | | | $ | 100,000 | | | | $ | 116,400 | | | | $ | 216,400 | | | B. Evan Bayh | | | | 105,000 | | | | | 172,185 | | | | | 277,185 | | | ||||||
| Jonathan F. Foster | | | $ | 100,000 | | | | $ | 116,400 | | | | $ | 216,400 | | | Jonathan F. Foster | | | | 125,000 | | | | | 172,185 | | | | | 297,185 | | | ||||||
| Idalene F. Kesner | | | $ | 100,000 | | | | $ | 116,400 | | | | $ | 216,400 | | | Idalene F. Kesner | | | | 125,000 | | | | | 172,185 | | | | | 297,185 | | | ||||||
| Carl J. Rickertsen | | | $ | 115,000 | | | | $ | 116,400 | | | | $ | 231,400 | | | Jill A. Rahman | | | | 105,000 | | | | | 172,185 | | | | | 277,185 | | | ||||||
| Ronald S. Rolfe | | | $ | 115,000 | | | | $ | 116,400 | | | | $ | 231,400 | | | Carl J. Rickertsen | | | | 125,000 | | | | | 172,185 | | | | | 297,185 | | | ||||||
| Robert V. Seminara | | | $ | 100,000 | | | | $ | 116,400 | | | | $ | 216,400 | | | Ronald S. Rolfe(2) | | | | 52,500 | | | | | 43,060 | | | | | 95,560 | | | ||||||
| Robert A. Steele | | | $ | 100,000 | | | | $ | 116,400 | | | | $ | 216,400 | | | Robert A. Steele | | | | 105,000 | | | | | 172,185 | | | | | 277,185 | | | ||||||
| Stephen E. Sterrett | | | $ | 115,000 | | | | $ | 116,400 | | | | $ | 231,400 | | | Stephen E. Sterrett | | | | 140,000 | | | | | 172,185 | | | | | 312,185 | | | ||||||
| Scott B. Ullem | | | $ | 100,000 | | | | $ | 116,400 | | | | $ | 216,400 | | | 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 • 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 • Fiscal • 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 ■ • 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 2022 Equity-Based Compensation Changes In order to more closely align the interests of its executive officers and stockholders, the Compensation Committee determined that beginning in fiscal 2022 the annual equity and equity-based awards to our executive officers will consist of 50% stock options and 50% performance-based restricted stock units, each of which will be subject to the terms and conditions discussed below. | |
| Ball Corporation Avery Dennison Corporation Packaging | | | Mondi plc Westrock Company Westlake Chemical Corp. | | | Ardagh Group SA AptarGroup, Inc. Crown Holdings, DS Smith plc | |
| | | | Target Bonus (% of Base Salary) | | | Adjusted EBITDA Factor (75%)(1) | | Economic Value Growth Factor (25%) | | | Bonus Achieved (% of Base Salary) | | | | | Target STI (% of Base Salary) | | | Adjusted EBITDA Factor (75%) | | | Free Cash Flow Factor (25%) | | | STI Achieved (% of Target STI) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | Target | | Achieved | | Target | | Achieved | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CEO | | FY 2017 | | | | 100% | | | | $ | 1,380 | | | | $ | 1,342 | | | | | 15% | | | | | 17% | | | | | 87% | | | |||||||||||||||||||||||||||||||||||||||||||||||
| Other NEOs | | FY 2017 | | | | 65% | | | | $ | 1,380 | | | | $ | 1,342 | | | | | 15% | | | | | 17% | | | | | 57% | | | |||||||||||||||||||||||||||||||||||||||||||||||
($ in millions) | | | | | Target STI (% of Base Salary) | | | Target | | Achieved | | Target | | Achieved | | | STI Achieved (% of Target STI) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CEO | | FY 2021 | | | $ | 2,150 | | | | $ | 2,224 | | | | $ | 875 | | | | $ | 903 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other NEOs | | 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 | | ||||||||||||||||||
| Thomas E. Salmon Chief Executive Officer(7) | | | | | 2017 | | | | | $ | 803,533 | | | | | $ | 3,880,000 | | | | | $ | 653,993 | | | | | $ | 57,504(3) | | | | | $ | 5,395,030 | | |
| | | 2016 | | | | | | 550,961 | | | | | | 592,200 | | | | | | 462,880 | | | | | | 17,448(6) | | | | | | 1,623,489 | | | |||
| | | 2015 | | | | | | 499,617 | | | | | | 951,300 | | | | | | 506,251 | | | | | | 15,881 | | | | | | 1,974,009 | | | |||
| Jonathan D. Rich Executive Chairman through February 1, 2018 and Chief Executive Officer through February 3, 2017 | | | | | 2017 | | | | | $ | 715,896 | | | | | $ | 776,000 | | | | | $ | 504,549 | | | | | $ | 45,671(3) | | | | | $ | 2,042,116 | | |
| | | 2016 | | | | | | 1,064,225 | | | | | | 4,230,000 | | | | | | 1,374,600 | | | | | | 42,675(3) | | | | | | 6,711,500 | | | |||
| | | 2015 | | | | | | 1,042,950 | | | | | | 6,088,320 | | | | | | 1,562,989 | | | | | | 42,924 | | | | | | 8,738,143 | | | |||
| Mark W. Miles Chief Financial Officer | | | | | 2017 | | | | | $ | 525,728 | | | | | $ | 1,241,600 | | | | | $ | 286,159 | | | | | $ | 16,755(6) | | | | | $ | 2,070,242 | | |
| | | 2016 | | | | | | 484,922 | | | | | | 1,057,500 | | | | | | 425,885 | | | | | | 16,723(6) | | | | | | 1,985,030 | | | |||
| | | 2015 | | | | | | 453,380 | | | | | | 1,522,080 | | | | | | 456,712 | | | | | | * | | | | | | 2,442,983 | | | |||
| Scott Tracey(4) President — Health, Hygiene and Specialties Division | | | | | 2017 | | | | | $ | 541,893 | | | | | $ | 776,000 | | | | | $ | 294,749 | | | | | | 16,813(6) | | | | | $ | 1,629,455 | | |
| | | 2016 | | | | | | 486,091 | | | | | | 799,500 | | | | | | 695,131(5) | | | | | | * | | | | | | 1,986,297 | | | |||
| Curt L. Begle President — Engineered Materials Division | | | | | 2017 | | | | | $ | 483,291 | | | | | $ | 931,200 | | | | | $ | 257,544 | | | | | $ | 19,216(6) | | | | | $ | 1,691,251 | | |
| | | 2016 | | | | | | 447,113 | | | | | | 592,200 | | | | | | 392,489 | | | | | | 16,672(6) | | | | | | 1,448,474 | | | |||
| | | 2015 | | | | | | 420,288 | | | | | | 856,170 | | | | | | 422,338 | | | | | | 13,108 | | | | | | 1,712,864 | | | |||
| Jean-Marc Galvez(8) President — Consumer Packaging Division | | | | | 2017 | | | | | $ | 520,839 | | | | | $ | 776,000 | | | | | $ | 267,709 | | | | | $ | 248,928(9) | | | | | $ | 1,813,476 | | |
| 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 | | | | | 2021 | | | | | | 1,121,539 | | | | | | 3,405,714 | | | | | | 4,853,472 | | | | | | 2,045,313 | | | | | | 72,463(3) | | | | | | 11,498,501 | | |
| | | 2020 | | | | | | 1,069,231 | | | | | | — | | | | | | 6,773,500 | | | | | | 2,219,375 | | | | | | 16,505(3) | | | | | | 10,078,611 | | | |||
| | | 2019 | | | | | | 1,027,692 | | | | | | — | | | | | | 4,298,300 | | | | | | 250,000 | | | | | | 14,952(3) | | | | | | 5,590,944 | | | |||
| Mark W. Miles Chief Financial Officer | | | | | 2021 | | | | | | 621,769 | | | | | | 933,726 | | | | | | 1,330,608 | | | | | | 731,850 | | | | | | 19,651(4) | | | | | | 3,637,604 | | |
| | | 2020 | | | | | | 593,462 | | | | | | — | | | | | | 1,853,800 | | | | | | 786,580 | | | | | | 18,620(4) | | | | | | 3,252,462 | | | |||
| | | 2019 | | | | | | 577,846 | | | | | | — | | | | | | 1,297,600 | | | | | | 92,625 | | | | | | 19,469(4) | | | | | | 1,987,540 | | | |||
| Curt L. Begle President — Health, Hygiene & Specialties Division | | | | | 2021 | | | | | | 620,308 | | | | | | 589,326 | | | | | | 839,808 | | | | | | 728,280 | | | | | | 27,285(4) | | | | | | 2,805,007 | | |
| | | 2020 | | | | | | 600,000 | | | | | | — | | | | | | 1,140,800 | | | | | | 804,000 | | | | | | 21,951(4) | | | | | | 2,566,751 | | | |||
| | | 2019 | | | | | | 581,250 | | | | | | — | | | | | | 1,102,960 | | | | | | 85,313 | | | | | | 23,892(4) | | | | | | 1,793,415 | | | |||
| Jean-Marc Galvez President — Consumer Packaging International Division | | | | | 2021 | | | | | | 692,878 | | | | | | 719,394 | | | | | | 1,025,232 | | | | | | 799,984 | | | | | | 93,112(5) | | | | | | 3,330,600 | | |
| | | 2020 | | | | | | 627,221 | | | | | | — | | | | | | 1,426,000 | | | | | | 840,476 | | | | | | 245,000(5) | | | | | | 3,138,697 | | | |||
| | | 2019 | | | | | | 546,711 | | | | | | — | | | | | | 811,000 | | | | | | 84,322 | | | | | | 145,700(5) | | | | | | 1,587,734 | | | |||
| 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 | | |
| | | 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 | | | 2/7/2017 | | | | | 250,000 | | | | | $ | 49.53 | | | | | $ | 3,880,000 | | | | | | — | | | | | | — | | | | | | — | | |
| Executive Bonus Plan | | | 11/3/2017 | | | | | — | | | | | | — | | | | | | — | | | | | $ | 164,390 | | | | | $ | 750,637 | | | | | $ | 1,501,275 | | |
| Jonathan D. Rich: | | |||||||||||||||||||||||||||||||||||||||
| Options | | | 2/7/2017 | | | | | 50,000 | | | | | $ | 49.53 | | | | | $ | 776,000 | | | | | | — | | | | | | — | | | | | | — | | |
| Executive Bonus Plan | | | 11/3/2017 | | | | | — | | | | | | — | | | | | | — | | | | | $ | 126,925 | | | | | $ | 579,110 | | | | | $ | 1,158,218 | | |
| Mark W. Miles: | | |||||||||||||||||||||||||||||||||||||||
| Options | | | 2/7/2017 | | | | | 80,000 | | | | | $ | 49.53 | | | | | $ | 1,241,600 | | | | | | — | | | | | | — | | | | | | — | | |
| Executive Bonus Plan | | | 11/3/2017 | | | | | — | | | | | | — | | | | | | — | | | | | $ | 71,390 | | | | | $ | 328,447 | | | | | $ | 656,894 | | |
| Scott M. Tracey: | | |||||||||||||||||||||||||||||||||||||||
| Options | | | 2/7/2017 | | | | | 50,000 | | | | | $ | 49.53 | | | | | $ | 776,000 | | | | | | — | | | | | | — | | | | | | — | | |
| Executive Bonus Plan | | | 11/3/2017 | | | | | — | | | | | | — | | | | | | — | | | | | $ | 74,089 | | | | | $ | 338,306 | | | | | $ | 676,611 | | |
| Curt L. Begle: | | |||||||||||||||||||||||||||||||||||||||
| Options | | | 2/7/2017 | | | | | 60,000 | | | | | $ | 49.53 | | | | | $ | 931,200 | | | | | | — | | | | | | — | | | | | | — | | |
| Executive Bonus Plan | | | 11/3/2017 | | | | | — | | | | | | — | | | | | | — | | | | | $ | 64,737 | | | | | $ | 295,602 | | | | | $ | 591,205 | | |
| Jean-Marc Galvez: | | |||||||||||||||||||||||||||||||||||||||
| Options | | | 2/7/2017 | | | | | 50,000 | | | | | $ | 49.53 | | | | | $ | 776,000 | | | | | | — | | | | | | — | | | | | | — | | |
| Executive Bonus Plan | | | 11/3/2017 | | | | | — | | | | | | — | | | | | | — | | | | | $ | 67,292 | | | | | $ | 307,270 | | | | | $ | 614,541 | | |
| | | | | | | 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(7) | | | Option Exercise Price ($/sh) | | | Option Expiration Date | | ||||||||||||
| Thomas E. Salmon | | | | | 40,000 | | | | | | 20,000(1) | | | | | | 16.00 | | | | | | 10/03/22 | | |
| | | 55,000 | | | | | | 40,000(2) | | | | | | 21.00 | | | | | | 11/26/23 | | | |||
| | | 40,000 | | | | | | 60,000(3) | | | | | | 28.75 | | | | | | 11/25/24 | | | |||
| | | 14,000 | | | | | | 56,000(4) | | | | | | 29.59 | | | | | | 2/12/26 | | | |||
| | | — | | | | | | 250,000(6) | | | | | | 49.53 | | | | | | 2/7/27 | | | |||
| Jonathan D. Rich | | | | | 576,000 | | | | | | 144,000(1) | | | | | | 16.00 | | | | | | 10/03/22 | | |
| | | 384,000 | | | | | | 256,000(2) | | | | | | 21.00 | | | | | | 11/26/23 | | | |||
| | | 256,000 | | | | | | 384,000(3) | | | | | | 28.75 | | | | | | 11/25/24 | | | |||
| | | 100,000 | | | | | | 400,000(4) | | | | | | 29.59 | | | | | | 2/12/26 | | | |||
| | | — | | | | | | 50,000(6) | | | | | | 49.53 | | | | | | 2/7/27 | | | |||
| Mark W. Miles | | | | | 36,000 | | | | | | 9,000(1) | | | | | | 16.00 | | | | | | 10/03/22 | | |
| | | 96,000 | | | | | | 64,000(2) | | | | | | 21.00 | | | | | | 11/26/23 | | | |||
| | | 64,000 | | | | | | 96,000(3) | | | | | | 28.75 | | | | | | 11/25/24 | | | |||
| | | 25,000 | | | | | | 100,000(4) | | | | | | 29.59 | | | | | | 2/12/26 | | | |||
| | | — | | | | | | 80,000(6) | | | | | | 49.53 | | | | | | 2/7/27 | | | |||
| Curt L. Begle | | | | | — | | | | | | 20,000(1) | | | | | | 16.00 | | | | | | 10/03/22 | | |
| | | — | | | | | | 36,000(2) | | | | | | 21.00 | | | | | | 11/26/23 | | | |||
| | | 36,000 | | | | | | 54,000(3) | | | | | | 28.75 | | | | | | 11/25/24 | | | |||
| | | 14,000 | | | | | | 56,000(4) | | | | | | 29.59 | | | | | | 2/12/26 | | | |||
| | | — | | | | | | 60,000(6) | | | | | | 49.53 | | | | | | 2/7/27 | | | |||
| Scott M. Tracey | | | | | 15,000 | | | | | | 60,000(5) | | | | | | 36.36 | | | | | | 11/30/25 | | |
| | | — | | | | | | 50,000(6) | | | | | | 49.53 | | | | | | 2/7/27 | | | |||
| Jean-Marc Galvez | | | | | 8,000 | | | | | | 32,000(5) | | | | | | 36.36 | | | | | | 11/30/25 | | |
| | | — | | | | | | 50,000(6) | | | | | | 49.53 | | | | | | 2/7/27 | | |
| | | | Option Awards | | | Stock-Based Awards | | ||||||||||||||||||||||||||||||||||||
| 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 | | |||||||||||||||||||||
| Thomas E. Salmon | | | | | 44,815 | | | | | | — | | | | | | 16.00 | | | | | | 10/3/22 | | | | | | — | | | | | | — | | | | | | — | | |
| | | 95,000 | | | | | | — | | | | | | 21.00 | | | | | | 11/26/23 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 100,000 | | | | | | — | | | | | | 28.75 | | | | | | 11/25/24 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 60,000 | | | | | | 29.59 | | | | | | — | | | | | | 2/12/26 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 150,000 | | | | | | 100,000(2) | | | | | | 49.53 | | | | | | 2/7/27 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 120,000 | | | | | | 80,000(3) | | | | | | 54.33 | | | | | | 2/9/28 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 106,000 | | | | | | 159,000(4) | | | | | | 49.90 | | | | | | 2/5/29 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 95,000 | | | | | | 380,000(5) | | | | | | 45.60 | | | | | | 11/25/29 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | — | | | | | | 296,667(6) | | | | | | 54.22 | | | | | | 11/23/30 | | | | | | 59,333 | | | | | | 3,637,113 | | | | | | 11/23/20 | | | |||
| Mark W. Miles | | | | | 160,000 | | | | | | — | | | | | | 21.00 | | | | | | 11/26/23 | | | | | | — | | | | | | — | | | | | | — | | |
| | | 160,000 | | | | | | — | | | | | | 28.75 | | | | | | 11/25/24 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 125,000 | | | | | | — | | | | | | 29.59 | | | | | | 2/12/26 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 64,000 | | | | | | 16,000(2) | | | | | | 49.53 | | | | | | 2/7/27 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 39,000 | | | | | | 26,000(3) | | | | | | 54.33 | | | | | | 2/9/28 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 32,000 | | | | | | 48,000(4) | | | | | | 49.90 | | | | | | 2/5/29 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 26,000 | | | | | | 104,000(5) | | | | | | 45.60 | | | | | | 11/25/29 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | — | | | | | | 81,333(6) | | | | | | 54.22 | | | | | | 11/23/30 | | | | | | 16,267 | | | | | | 997,167 | | | | | | 11/23/20 | | | |||
| Curt L. Begle | | | | | 36,000 | | | | | | — | | | | | | 21.00 | | | | | | 11/26/23 | | | | | | — | | | | | | — | | | | | | — | | |
| | | 54,000 | | | | | | — | | | | | | 28.75 | | | | | | 11/25/24 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 60,000 | | | | | | — | | | | | | 29.59 | | | | | | 2/12/26 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 48,000 | | | | | | 12,000(2) | | | | | | 49.53 | | | | | | 2/7/27 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 30,000 | | | | | | 20,000(3) | | | | | | 54.33 | | | | | | 2/9/28 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 27,200 | | | | | | 40,800(4) | | | | | | 49.90 | | | | | | 2/5/29 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 16,000 | | | | | | 64,000(5) | | | | | | 45.60 | | | | | | 11/25/29 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | — | | | | | | 51,333(6) | | | | | | 54.22 | | | | | | 11/23/30 | | | | | | 10,267 | | | | | | 629,367 | | | | | | 11/23/20 | | | |||
| Jean-Marc Galvez | | | | | 40,000 | | | | | | — | | | | | | 36.36 | | | | | | 11/30/25 | | | | | | — | | | | | | — | | | | | | — | | |
| | | 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 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | 20,000 | | | | | | 80,000(5) | | | | | | 45.60 | | | | | | 11/25/29 | | | | | | — | | | | | | — | | | | | | — | | | |||
| | | — | | | | | | 62,667(6) | | | | | | 54.22 | | | | | | 11/23/30 | | | | | | 12,533 | | | | | | 768,273 | | | | | | 11/23/20 | | | |||
| Jason K. Greene | | | | | 20,500 | | | | | | — | | | | | | 21.00 | | | | | | 11/26/23 | | | | | | — | | | | | | — | | | | | | — | | |
| | | 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 | | | | 5,000 | | | | $ | 147,774 | | | Thomas E. Salmon | | | | — | | | | | — | | | ||||
| Jonathan D. Rich | | | | 1,224,999 | | | | $ | 59,657,272 | | | Mark W. Miles | | | | — | | | | | — | | | ||||
| Mark W. Miles | | | | — | | | | | — | | | Curt L. Begle | | | | 90,000 | | | | | 3,292,560 | | | ||||
| Scott M. Tracey | | | | — | | | | | — | | | Jean-Marc Galvez | | | | — | | | | | — | | | ||||
| Curt L. Begle | | | | 114,000 | | | | $ | 3,861,991 | | | Jason K. Greene | | | | 65,500 | | | | | 2,282,735 | | | ||||
| Jean-Marc Galvez | | | | — | | | | | — | | | |
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 | | | | $ | — | | | | | $ | — | | | | | $ | 7,208,400 | | |
| | | | Disability | | | | $ | — | | | | | $ | — | | | | | $ | 7,208,400 | | |
| | | | Voluntary Termination/Retirement | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | | Involuntary Termination | | | | $ | 950,000 | | | | | $ | — | | | | | $ | 2,093,200 | | |
| | | | Involuntary Termination for Cause | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | | Involuntary or constructive termination after Change in Control(2) | | | | $ | 2,850,000 | | | | | $ | 29,000 | | | | | $ | 7,208,400 | | |
| Jonathan D. Rich | | | Death | | | | $ | — | | | | | $ | — | | | | | $ | 36,873,600 | | |
| | | | Disability | | | | $ | — | | | | | $ | — | | | | | $ | 36,873,600 | | |
| | | | Voluntary Termination/Retirement | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | | Involuntary Termination | | | | $ | — | | | | | $ | 21,000 | | | | | $ | 14,210,800 | | |
| | | | Involuntary Termination for Cause | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | | Involuntary or constructive termination after Change in Control(2) | | | | $ | — | | | | | $ | 21,000 | | | | | $ | 36,873,600 | | |
| 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) | | ||||||||||||||||||||||||||||||
| Mark W. Miles | | Death | | | $ | — | | | | $ | — | | | | $ | 8,601,500 | | | Thomas E. Salmon | | | Death | | | | — | | | | | — | | | | | 8,924,700 | | | | | 3,637,113 | | | ||||||||
| | | Disability | | | $ | — | | | | $ | — | | | | $ | 8,601,500 | | | | Disability | | | | — | | | | | — | | | | | 8,924,700 | | | | | 3,637,113 | | | ||||||||||
| | | Voluntary Termination/Retirement | | | $ | — | | | | $ | — | | | | $ | — | | | | Voluntary Termination/Retirement | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||
| | | Involuntary Termination | | | $ | 505,300 | | | | $ | — | | | | $ | 2,455,100 | | | | 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) | | | $ | 1,250,600 | | | | $ | 29,000 | | | | $ | 8,601,500 | | | | | Involuntary or constructive termination after Change in Control(2) | | | | 3,881,250 | | | | | 17,000 | | | | | 8,924,700 | | | | | 3,637,113 | | | |||||||||
| Scott M. Tracey | | Death | | | $ | — | | | | $ | — | | | | $ | 1,573,400 | | | Mark W. Miles | | | Death | | | | — | | | | | — | | | | | 2,549,540 | | | | | 997,167 | | | ||||||||
| | | Disability | | | $ | — | | | | $ | — | | | | $ | 1,573,400 | | | | Disability | | | | — | | | | | — | | | | | 2,549,540 | | | | | 997,167 | | | ||||||||||
| | | Voluntary Termination/Retirement | | | $ | — | | | | $ | — | | | | $ | — | | | | Voluntary Termination/Retirement | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||
| | | Involuntary Termination | | | $ | 520,500 | | | | $ | — | | | | $ | 253,600 | | | | Involuntary Termination | | | | 632,000 | | | | | — | | | | | 609,276 | | | | | 276,991 | | | ||||||||||
| | | Involuntary Termination for Cause | | | $ | — | | | | $ | — | | | | $ | — | | | | Involuntary Termination for Cause | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||
| | | Involuntary or constructive termination after Change in Control(2) | | | $ | 1,288,200 | | | | $ | 29,000 | | | | $ | 1,573,400 | | | | | Involuntary or constructive termination after Change in Control(2) | | | | 1,706,400 | | | | | 24,000 | | | | | 2,549,540 | | | | | 997,167 | | | |||||||||
| Curt L. Begle | | Death | | | $ | — | | | | $ | — | | | | $ | 5,545,600 | | | Curt L. Begle | | | Death | | | | — | | | | | — | | | | | 1,750,560 | | | | | 629,367 | | | ||||||||
| | | Disability | | | $ | — | | | | $ | — | | | | $ | 5,545,600 | | | | Disability | | | | — | | | | | — | | | | | 1,750,560 | | | | | 629,367 | | | ||||||||||
| | | Voluntary Termination/Retirement | | | $ | — | | | | $ | — | | | | $ | — | | | | Voluntary Termination/Retirement | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||
| | | Involuntary Termination | | | $ | 454,800 | | | | $ | — | | | | $ | 1,987,200 | | | | Involuntary Termination | | | | 631,000 | | | | | — | | | | | 422,822 | | | | | 174,824 | | | ||||||||||
| | | Involuntary Termination for Cause | | | $ | — | | | | $ | — | | | | $ | — | | | | Involuntary Termination for Cause | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||
| | | Involuntary or constructive termination after Change in Control(2) | | | $ | 1,125,600 | | | | $ | 25,000 | | | | $ | 5,545,600 | | | | | Involuntary or constructive termination after Change in Control(2) | | | | 1,703,700 | | | | | 24,000 | | | | | 1,750,560 | | | | | 629,367 | | | |||||||||
| Jean-Marc Galvez | | Death | | | $ | — | | | | $ | — | | | | $ | 1,005,300 | | | Jean-Marc Galvez | | | Death | | | | — | | | | | — | | | | | 1,827,220 | | | | | 768,273 | | | ||||||||
| | | Disability | | | $ | — | | | | $ | — | | | | $ | 1,005,300 | | | | Disability | | | | — | | | | | — | | | | | 1,827,220 | | | | | 768,273 | | | ||||||||||
| | | Voluntary Termination/Retirement | | | $ | — | | | | $ | — | | | | $ | — | | | | Voluntary Termination/Retirement | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||
| | | Involuntary Termination | | | $ | 1,164,021 | | | | $ | — | | | | $ | 135,300 | �� | | | Involuntary Termination | | | | 1,639,814 | | | | | — | | | | | 429,352 | | | | | 213,409 | | | ||||||||||
| | | Involuntary Termination for Cause | | | $ | — | | | | $ | — | | | | $ | — | | | | Involuntary Termination for Cause | | | | — | | | | | — | | | | | — | | | | | | | | ||||||||||
| | | Involuntary or constructive termination after Change in Control(2) | | | $ | 1,164,021 | | | | $ | 4,700 | | | | $ | 1,005,300 | | | | | 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 | | | | 10,169,506(1) | | | | $ | 29.37 | | | | | 2,914,775(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) | | | | 590,969 | | | | $ | 7.73 | | | | | — | | | Equity compensation plans not approved by security holders(2) | | | | 27,914 | | | | $ | 13.41 | | | | | — | | | ||||||
| Total | | | | 10,760,475 | | | | $ | 28.18 | | | | | 2,914,775 | | | Total | | | | 11,302,322 | | | | $ | 44.54 | | | | | 8,514,745 | | |
| Fee type | | | 2017 | | | 2016 | | ||||||
| Audit Fees(1) | | | | $ | 6.5 | | | | | $ | 6.9 | | |
| Audit-Related Fees(2) | | | | | 0.1 | | | | | | 0.2 | | |
| Tax Fees(3) | | | | | 0.1 | | | | | | 2.1 | | |
| All Other Fees | | | | | — | | | | | | — | | |
| Total Fees | | | | $ | 6.7 | | | | | $ | 9.2 | | |
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 | | |