Ball Corporation management check
BALL · Materials · Metal, Glass & Plastic Containers · CEO Mr. Fisher
Filings as of
3 good · 2 to watch · 1 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $60, against $100 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.62 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.5% of net income$13.5m of reported pay in fiscal 2025, against $912.0m of net income.
- n/a
Do they own the stock?
No recent CEO filingLight activity: no buys, $914k sold in six months.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -6.7% a year over the last three fiscal years. Stock-based pay was 0.2% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Mr. Fisher, Mr. Lewis. 9 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Materials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 0 | 40 | |
| Pay for performance | 81 | 77 | |
| CEO cost | 36 | 40 | |
| Skin in the game | — | — | 38 |
| Dilution | 100 | 71 | |
| Stable leadership | 40 | 70 | |
| Clean books | 100 | 100 |
Closest peers
Nearest in rank in Materials, by management score. Ball Corporation is 15th of 24 in its sector.
- 248ECLEcolab64
- 317MOSMosaic Company (The)60
- 326BALLBall Corporation59
- 368NEMNewmont57
- 386DOWDow Inc.55
- 409APDAir Products52
Pay versus performance
From the proxy statement filed March 17, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Fisher, Mr. Lewis | $13.5m | $4.8m | $2.4m | $60 | $100 | $912.0m |
| 2024 | — | $12.3m | $18.3m | $3.5m | $90 | $137 | $4.0bn |
| 2023 | — | $9.3m | $12.8m | $2.9m | $93 | $119 | $707.0m |
| 2022 | — | $9.4m | −$1.2m | $2.9m | $81 | $110 | $719.0m |
| 2021 | — | $13.9m | $17.3m | $4.3m | $151 | $134 | $878.0m |
The board says pay is tied most to EVA. Its other key measures: EPS, TSR.
Insiders and the CEO's stake
Light activity: no buys, $914k sold in six months.
- SoldDeron GoodwinVP, Global Head of Treasury$555kAug 11, 2026
- SoldMandy GlewSVP and President, EMEA$359kAug 25, 2026
Leadership and governance on file
- Oct 19, 2026Leadership change8-K 5.02
- Sep 9, 2026Leadership change8-K 5.02
- Dec 10, 2025Leadership change8-K 5.02
- Nov 21, 2025Leadership change8-K/A 5.02
- Nov 10, 2025Leadership change8-K 5.02
- Oct 30, 2025Leadership change8-K 5.02
- May 22, 2025Leadership change8-K 5.02
- Jul 25, 2024Leadership change8-K 5.02
- Jun 4, 2024Leadership change8-K 5.02
- Sep 11, 2023Leadership change8-K 5.02
- Mar 10, 2023Leadership change8-K 5.02
- May 3, 2022Leadership change8-K 5.02
Latest shareholder vote results: Apr 29, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $5.6bn returned to owners in buybacks and dividends, and $203.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $13.8bn | $13.4bn | $12.1bn | $11.8bn | $13.2bn |
| Net income | — | — | — | — | — |
| Stock-based pay | $40.0m | $39.0m | $33.0m | $63.0m | $28.0m |
| Buybacks | $766.0m | $618.0m | $3.0m | $1.7bn | $1.3bn |
| Dividends | $229.0m | $254.0m | $252.0m | $244.0m | $220.0m |
| Diluted shares | 332m | 320m | 317m | 308m | 276m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.