Form 4: Amcor Executive Jean-Marc Galvez Reports Share Transaction to Satisfy Tax Obligations
SEC Form 4 Filing
Jean-Marc Galvez, Division President at Amcor, reports the withholding of 482,113 ordinary shares to cover tax obligations related to the merger with Berry Global Group, resulting in a beneficial ownership of 568,460 shares.
Summary
- Jean-Marc Galvez, a Division President at Amcor plc, filed a Form 4 detailing changes in beneficial ownership.
- On May 7, 2025, 482,113 ordinary shares were withheld by Amcor to satisfy tax obligations.
- This withholding was related to the exchange of vested options from Berry Global Group, Inc. following the merger with Amcor.
- After the transaction, Galvez beneficially owns 568,460 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations following a significant corporate event (the merger of Berry with Amcor).
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 05/07/2025 | Date of the transaction where shares were withheld to satisfy tax obligations. |
| 05/09/2025 | Date of signature for the Form 4 filing. |
Keywords
Amcor, Jean-Marc Galvez, Form 4, Beneficial Ownership, Ordinary Shares, Berry Global Group, Merger, Tax Withholding, SEC Filing
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