Konieczny Peter 4

What Happened

• Peter Konieczny, CEO of Amcor plc, had 34,000 restricted stock units (RSUs) convert to ordinary shares upon vesting on February 27, 2026. No cash was paid to acquire the shares (conversion/settlement of RSUs). 1,802 shares were withheld to satisfy tax withholding, resulting in 32,198 shares issued to him.

Key Details

• Transaction date: February 27, 2026 (reported on Form 4 filed March 3, 2026 — filing is timely).
• Nature: Conversion/settlement of RSUs (derivative transaction code M) and tax withholding (code F).
• Shares involved: 34,000 RSUs vested; 1,802 shares withheld for taxes; net 32,198 shares received.
• Price: $0 reported for conversion (typical for RSU vest/settlement — no purchase price).
• Shares owned after transaction: 32,198 (reflects tax withholding).
• Notable footnotes:
  • Each RSU represents a contingent right to one ordinary share upon vesting.
  • The RSUs were granted March 16, 2024 and vested February 27, 2026.
  • All share counts reflect a 1-for-5 reverse stock split effective January 15, 2026.
  • 1,802 shares were withheld to cover tax withholding from the vesting.

Context

• This was a routine vesting/settlement of RSUs, not an open-market buy or sale. RSU conversions typically do not signal a purchase decision (they are part of compensation) — the withholding is a common tax-related disposition. No options were exercised for cash and no shares were sold in connection with this transaction.