Stephan Louis Fred 4

What Happened
Stephan Louis Fred, Chief Operating Officer, Global Flexibles Packaging Solutions at Amcor plc, had 34,000 restricted stock units (RSUs) vest on February 27, 2026. The RSUs converted into 34,000 ordinary shares; 15,067 of those shares were withheld to satisfy tax withholding, leaving a net delivery of 18,933 shares to Mr. Fred. No cash purchase was made — this was a vesting/settlement of equity awards, not an open-market buy or sale.

Key Details

• Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (filed within the standard SEC two-business-day window).
• Primary codes: M = conversion/exercise of derivative (RSU conversion); F = shares withheld for tax withholding.
• Gross shares from vesting: 34,000 RSUs → 34,000 shares.
• Shares withheld for taxes: 15,067 shares; Net shares delivered to insider: 18,933 shares (per footnote F3).
• Price reported: $0.00 for withholding/disposition entries (standard for share-withholding settlements).
• Reverse split: All share counts reflect a 1-for-5 reverse stock split effective Jan 15, 2026 (footnote F2).
• Grant and vesting: RSUs were granted March 16, 2024 and vested Feb 27, 2026 (footnote F4).
• Shares owned after transaction: not specified in the filing.

Context
This was a routine equity award vesting (not a purchase or market sale). The withholding of shares to cover taxes is a common cashless settlement method and does not signal a sale of additional shares. For retail investors, award vestings increase insider shareholdings but do not directly indicate a change in the insider’s market view.