Form 4: Smurfit WestRock Director Bernlohr Reports Share Acquisition Following WestRock Merger

Director Timothy J. Bernlohr reports acquisition of Smurfit WestRock shares following the merger with WestRock, as per the Transaction Agreement.

Summary

• Timothy J. Bernlohr, a director of Smurfit WestRock plc, reported changes in beneficial ownership following the merger of WestRock Company with a subsidiary of Smurfit WestRock.
• On July 5, 2024, as a result of the merger, each share of WestRock common stock held by Bernlohr was converted into one ordinary share of Smurfit WestRock plus $5.00 in cash.
• Bernlohr acquired 45,666 ordinary shares of Smurfit WestRock as a result of the conversion of his WestRock shares.
• Additionally, 4,190 ordinary shares were acquired due to the vesting of restricted stock units previously held in WestRock.
• Following these transactions, Bernlohr beneficially owns 49,856 ordinary shares of Smurfit WestRock.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing the acquisition of shares by a director following a merger. The sentiment is neutral to positive as it reflects the completion of a significant corporate transaction.

Industry Context

This announcement reflects the completion of the merger between Smurfit Kappa and WestRock, creating a major player in the paper and packaging industry. Such mergers are often aimed at achieving synergies, expanding market reach, and improving operational efficiency.

Stakeholder Impact

• Shareholders of WestRock received Smurfit WestRock shares and cash as part of the merger.
• The merger could lead to changes in the organizational structure and operations of the combined company, potentially affecting employees.

Key Dates