Amcor (AMCR) CFO Stephen Scherger Exercises Derivative, Receives RSU Awards

What Happened Stephen R. Scherger, Executive VP, Finance & CFO of Amcor plc, converted/exercised 4,173.4 derivative units into ordinary shares on September 15, 2026 and had 1,851 of those shares withheld to satisfy tax withholding (value reported as $78,205). The filing also records two awards of restricted stock units (RSUs) totaling 49,664 RSUs (42,387 + 7,277) shown as acquired at $0.00 (derivative awards).

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-17 (timely filing).
• Conversion/exercise: 4,173.4 shares (code M — exercise/conversion of derivative).
• Tax withholding: 1,851 shares withheld at $42.25 per share, amounting to $78,205 (code F).
• RSU awards recorded: 42,387 RSUs and 7,277 RSUs (code A), valued at $0.00 as grants/derivative awards.
• Net shares delivered from the conversion: 2,322.40 shares after 1,851 shares withheld (per footnote).
• Shares owned after the transaction: not specified in the filing.
• Footnotes of note:
  • F1/F4: The RSUs were granted on Nov 10, 2025 and vest ratably on each of the first three anniversaries of the grant date.
  • F2: Each RSU represents the right to one Amcor ordinary share upon vesting.
  • F3: Confirms 1,851 shares were withheld for tax withholding resulting in 2,322.40 net shares.

Context This filing reflects standard equity plan activity: conversion/settlement of derivative units and recognition of RSU awards, with shares withheld to cover tax obligations (a routine internal action, not an open-market sale). No open-market purchase or discretionary sale by the insider is reported. The filing was submitted within the usual Form 4 reporting window.