Form 4: Amcor Director James T. Glerum Jr. Reports Acquisition of Shares and Restricted Stock Units Following Berry Global Merger

Director James T. Glerum Jr. reports acquiring Amcor shares and restricted stock units (RSUs) following the merger with Berry Global Group Inc.

Summary

• James T. Glerum Jr., a director of Amcor plc, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates that Glerum acquired ordinary shares and restricted stock units (RSUs) of Amcor as a result of the merger between Amcor and Berry Global Group Inc.
• Glerum received 957 ordinary shares through the James T. Glerum Investment Trust and 1,297 ordinary shares through the Mary E. Glerum Gift Trust.
• He also received 15,167 Amcor RSUs that will vest on November 22, 2025, and 9,317 Amcor RSUs that will vest on December 2, 2025, both subject to continued service with Amcor.
• These RSUs represent a contingent right to receive one ordinary share of Amcor upon vesting.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a standard process following a merger, with a director increasing their stake in the company through RSUs.

Positives

• The acquisition of shares and RSUs indicates Glerum's continued investment and alignment with Amcor's future.

Future Outlook

The vesting of the RSUs is contingent upon the Reporting Person's continued service with Amcor.

Industry Context

Mergers and acquisitions often result in adjustments to equity holdings and compensation structures for key personnel, as seen in this filing.

Stakeholder Impact

• The increased equity stake of a director could be viewed positively by shareholders.

Key Dates

Keywords

Amcor, Glerum, Berry Global, Merger, Restricted Stock Units, RSUs, Beneficial Ownership, Form 4, Director