Michael J. Zacka - Aug 24, 2023 Form 4 Insider Report for Amcor plc (AMCR)

Role
PRESIDENT, AMCOR FLEX EUROPE
Signature
/s/ Damien Clayton, Attorney-in-Fact
Stock symbol
AMCR
Transactions as of
Aug 24, 2023
Transactions value $
$0
Form type
4
Date filed
8/28/2023, 01:47 PM
Previous filing
Sep 13, 2022
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMCR Ordinary Shares Options Exercise +103K +49.29% 312K Aug 24, 2023 Direct F1, F2
transaction AMCR Ordinary Shares Options Exercise +54.1K +17.34% 366K Aug 24, 2023 Direct F2
transaction AMCR Ordinary Shares Tax liability -19.6K -5.36% 347K Aug 24, 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 -228K -50% $0.00 228K Aug 24, 2023 Ordinary Shares 228K $11.21 Direct F4
transaction AMCR Restricted Stock Units Options Exercise $0 -54.1K -100% $0.00* 0 Aug 24, 2023 Ordinary Shares 54.1K Direct F2, F5
transaction AMCR Restricted Stock Units Award $0 +12.7K $0.00* 0 Aug 24, 2023 Ordinary Shares 12.7K 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. 103,083 of the 247,200 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 19,649 shares were withheld for tax withholding arising from the recent equity incentive plan vesting resulting in 34,478 shares.
F4 Vesting of the Employee Stock Options that were granted September 15, 2020 under the 2020-2021 Long Term Incentive Plan. 227,641 of the 545,900 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.