Form 4: Smurfit Westrock Director Alan D. Wilson Reports Changes in Beneficial Ownership

Director Alan D. Wilson reports acquisition of additional restricted stock units in Smurfit Westrock plc due to dividend equivalents.

Summary

• On September 18, 2024, Alan D. Wilson, a director of Smurfit Westrock plc, reported changes in beneficial ownership.
• The report indicates the acquisition of 337 ordinary shares due to accrued dividend equivalents on outstanding time-based restricted stock units.
• These additional restricted stock units are subject to the same terms and conditions as the underlying award and represent the right to receive one ordinary share each.
• Following the transaction, Wilson beneficially owns 55,520 ordinary shares.
• This includes 54,485 restricted stock units that are fully vested and will be settled in ordinary shares following Wilson's cessation of service as a board member, according to the WestRock Company 2016 Deferred Compensation Plan for Non-Employee Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is increasing their stake in the company, which is generally a good sign. The transaction is related to dividend equivalents, which is a standard practice.

Positives

• The acquisition of additional shares through dividend equivalents suggests a continued investment in the company by the director.

Future Outlook

The document does not contain specific forward-looking statements, but it notes that vested restricted stock units will be settled in ordinary shares following the director's cessation of service.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is common in publicly traded companies. It reflects standard compensation practices involving equity-based awards.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals continued confidence from a member of the board of directors.

Key Dates