Form: 4

Statement of changes in beneficial ownership of securities

September 18, 2023

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP


Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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X
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BAKER CHARLES E
(Last) (First) (Middle)
9200 W. 108TH CIRCLE
(Street)
WESTMINSTER CO 80021
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BALL Corp [ BALL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, GEN COUNSEL & CORP SEC
3. Date of Earliest Transaction (Month/Day/Year)
09/18/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 202,301.0034 D(1)
Common Stock 6,128.478 I(1) 401(k) Plan(2)
Common Stock 13,295 I(1) See Footnote(3)
Common Stock 800 I(1) By Daughter(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Deferred Compensation Company Stock Plan (5) (6) (6) Common Stock 108,142.5052 108,142.5052 D(1)
Restricted Stock Units (7) (7) (7) Common Stock 18,883 18,883 D(1)
Restricted Stock Units (8) (8) (8) Common Stock 2,800 2,800 D(1)
Stock Appreciation Rights (sars) $24.535 01/29/2015 01/29/2024 Common Stock 44,800 44,800 D(1)
Stock Appreciation Rights (sars) $33.075 02/04/2016 02/04/2025 Common Stock 35,212 35,212 D(1)
Stock Appreciation Rights (sars) $33.05 01/27/2017 01/27/2026 Common Stock 29,066 29,066 D(1)
Stock Appreciation Rights (sars) $38.375 01/25/2018 01/25/2027 Common Stock 37,470 37,470 D(1)
Stock Option (Right to Buy) $38.84 01/24/2019 01/24/2028 Common Stock 39,691 39,691 D(1)
Stock Option (Right to Buy) $50.78 01/23/2020 01/23/2029 Common Stock 31,353 31,353 D(1)
Stock Option (Right to Buy) $72.59 01/29/2021 01/29/2030 Common Stock 26,042 26,042 D(1)
Stock Option (Right to Buy) $85.33 01/27/2022 01/27/2031 Common Stock 22,222 22,222 D(1)
Stock Option (Right to Buy) $86.57 01/26/2023 01/26/2032 Common Stock 21,709 21,709 D(1)
Stock Option (Right to Buy) $56.64 01/25/2024 01/25/2033 Common Stock 27,729 27,729 D(1)
Explanation of Responses:
1. The securities included herein represent only those securities that are required to be disclosed pursuant to Section 16(a) of the Securities Exchange Act of 1934 in connection with the specific transaction(s) reported herein. The reporting person is the beneficial owner of additional shares and/or derivative securities of the issuer that are not disclosed on this Form 4. For additional information regarding the reporting person's ownership of issuer securities, refer to Forms 4 previously filed by the reporting person and the Compensation Discussion & Analysis section of the issuer's 2023 Proxy Statement.
2. Total number of 401(k) Plan shares acquired through periodic dividend reinvestment, participant's contributions and employer matching contributions.
3. These shares are held by an entity controlled by the reporting person. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
4. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
5. Each unit may be settled for a single share of stock or the equivalent amount of cash pursuant to the Ball Corporation Deferred Compensation Company Stock Plan.
6. Stock units in Ball Corporation's Deferred Compensation Company Stock Plan are distributed upon the separation of service in accordance with the plan.
7. Each restricted stock unit represents a contingent right to receive one share of Ball Corporation Common Stock.
8. Each restricted stock unit granted under the Deposit Share Program represents a contingent opportunity to receive one share of Ball Corporation Common Stock.
/s/ Charles E. Baker 09/18/2023
** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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