Michael Casamento - 24 Aug 2023 Form 4 Insider Report for Amcor plc (AMCR)

Role
EXECUTIVE VP, FINANCE & CFO
Signature
/s/ Damien Clayton, Attorney-in-Fact
Issuer symbol
AMCR
Transactions as of
24 Aug 2023
Net transactions value
$0
Form type
4
Filing time
28 Aug 2023, 13:12:50 UTC
Previous filing
02 Sep 2022
Next filing
05 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMCR Ordinary Shares Options Exercise +79,064 +18% 512,449 24 Aug 2023 Direct F1, F2
transaction AMCR Ordinary Shares Options Exercise +60,084 +12% 572,533 24 Aug 2023 Direct F2
transaction AMCR Ordinary Shares Tax liability $0 -3,185 -0.56% $0.000000 569,348 24 Aug 2023 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMCR Employee Stock Options Award $0 +174,557 $0.000000 174,557 24 Aug 2023 Ordinary Shares 174,557 $11.21 Direct F4
transaction AMCR Restricted Stock Units Options Exercise $0 -60,084 -100% $0.000000* 0 24 Aug 2023 Ordinary Shares 60,084 Direct F2, F5
transaction AMCR Restricted Stock Units Award $0 +4,213 $0.000000* 0 24 Aug 2023 Ordinary Shares 4,213 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of performance rights that were granted on September 15, 2020 under the 2020-2021 Long Term Incentive Plan. 79,064 of the 189,600 performance rights vested based on achievement of the performance conditions and the remaining performance rights were forfeited.
F2 Each restricted stock unit represents a contingent right to receive one ordinary share of Amcor upon vesting of the restricted stock units.
F3 3,185 shares were withheld for tax withholding arising from the recent equity incentive plan vesting resulting in 56,899 shares.
F4 Vesting of the Employee Stock Options that were granted September 15, 2020 under the 2020-2021 Long Term Incentive Plan. 174,557 of the 418,600 Employee Stock Options vested and the remaining Employee Stock Options were forfeited. The Employee Stock Options remain subject to a share price condition whereby the share price must exceed the exercise price for the Employee Stock Option to be exercisable.
F5 The restricted stock units were granted on September 15, 2021 and vest August 28, 2023.