Form 4: Amcor Director Susan Carter's Equity Transactions
Insider Transaction Report
Amcor plc Director Susan K. Carter reported the vesting of 14,279 restricted stock units into ordinary shares and the grant of 19,907 new restricted stock units.
Summary
- Susan K. Carter, a Director of Amcor plc, reported changes in her beneficial ownership of company securities.
- On December 2, 2025, 14,279 restricted stock units (RSUs) vested, converting into 14,279 ordinary shares of Amcor plc. These RSUs were originally granted on December 2, 2024.
- Following this vesting, her direct beneficial ownership of ordinary shares increased to 77,360.
- Additionally, on December 1, 2025, Ms. Carter was granted 19,907 new restricted stock units.
- These newly granted RSUs are scheduled to vest in full on December 1, 2026.
- Each restricted stock unit represents a contingent right to receive one ordinary share of Amcor upon vesting.
Sentiment
Score: 6
Explanation: The filing reports routine equity compensation transactions for a director, including both vesting of previous grants and a new grant of restricted stock units. This is a neutral to slightly positive event as it indicates continued director involvement and alignment of interests, but does not reflect new operational or financial performance.
Positives
- Director Susan K. Carter received 19,907 new restricted stock units, indicating continued alignment of management incentives with shareholder interests.
- The vesting of 14,279 restricted stock units demonstrates the successful fulfillment of prior equity compensation terms.
Negatives
- NA
Risks
- NA
Future Outlook
The grant of new restricted stock units to Director Susan K. Carter indicates a continued strategy of aligning executive compensation with future company performance, with these units scheduled to vest in December 2026.
Management Comments
- NA
Industry Context
Equity compensation, particularly through restricted stock units, is a standard practice across industries to incentivize and retain key management and directors, aligning their interests with long-term shareholder value. This filing reflects routine compensation practices for a director at a publicly traded company like Amcor plc.
Comparison to Industry Standards
- The use of Restricted Stock Units (RSUs) as a form of equity compensation for directors is a common practice among global packaging and materials companies, similar to peers like WestRock Company or Crown Holdings Inc.
- The vesting schedule, typically over one to three years, is standard for such grants, aiming to retain talent and align long-term interests.
- The reported transactions are consistent with typical insider reporting requirements under Section 16(a) of the Securities Exchange Act of 1934, which mandates disclosure of changes in beneficial ownership for directors, officers, and 10% owners.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Susan K. Carter granted a Power of Attorney to Deborah Rasin or Damien Clayton to handle her SEC reporting obligations (Forms 3, 4, 5, 144), EDGAR account administration, and transaction information requests. | 2025-08-07 | Streamlines compliance with SEC reporting requirements for the director, ensuring timely and accurate filings by authorized representatives. |
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: The grant of new restricted stock units aligns the director's long-term interests with shareholder value creation. The vesting of previous units represents a dilution of existing shares, though typically accounted for in compensation plans.
- Employees: No direct impact on general employees.
- Management: The Power of Attorney streamlines SEC compliance for the director, reducing administrative burden.
Next Steps
- The 19,907 restricted stock units granted on December 1, 2025, are scheduled to vest on December 1, 2026.
Key Dates
| Date | Description |
|---|---|
| 2024-12-02 | Grant date of 14,279 restricted stock units that vested on December 2, 2025. |
| 2025-08-07 | Date Power of Attorney was granted by Susan K. Carter to Deborah Rasin or Damien Clayton for SEC reporting obligations. |
| 2025-12-01 | Grant date of 19,907 new restricted stock units to Susan K. Carter. |
| 2025-12-02 | Vesting date of 14,279 restricted stock units and conversion into ordinary shares for Susan K. Carter. |
| 2025-12-03 | Date the Form 4 was signed by Damien Clayton, Attorney-in-Fact. |
| 2026-12-01 | Vesting and expiration date for the 19,907 restricted stock units granted on December 1, 2025. |
Recommendation
holdThis Form 4 filing details routine insider transactions related to equity compensation for a director. It includes the vesting of previously granted restricted stock units and the grant of new units. Such transactions are standard and expected, reflecting ongoing compensation practices rather than new operational performance or strategic shifts. Therefore, it does not provide a basis for a change in investment recommendation, suggesting a 'hold' position for investors based solely on this filing.
Keywords
Amcor plc, AMCR, Susan K. Carter, Director, SEC Form 4, Insider Trading, Restricted Stock Units, Equity Compensation, Share Ownership
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