Form 4: Smurfit WestRock Director Colleen F. Arnold Reports Beneficial Ownership Changes Following WestRock Merger

Director Colleen F. Arnold reports changes in beneficial ownership of Smurfit WestRock shares following the merger with WestRock, including the conversion of WestRock common stock and restricted stock units into Smurfit WestRock shares and cash.

Summary

• Colleen F. Arnold, a director of Smurfit WestRock plc, reported changes in her beneficial ownership of securities on July 9, 2024.
• The changes are a result of the merger between Merger Sub and WestRock Company, which occurred on July 5, 2024.
• As a result of the merger, each share of WestRock common stock held by Arnold was converted into one ordinary share of Smurfit WestRock plus $5.00 in cash.
• Arnold acquired 22,605 ordinary shares of Smurfit WestRock as a result of the conversion of her WestRock common stock.
• Additionally, 4,190 ordinary shares were acquired due to the vesting of restricted stock units previously held in WestRock.
• Following these transactions, Arnold beneficially owns 26,795 ordinary shares of Smurfit WestRock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects the completion of a major merger, which is generally viewed favorably. The director's acquisition of shares is a routine part of the merger process.

Positives

• The merger has resulted in the director receiving shares in the newly formed Smurfit WestRock plc.
• The vesting of restricted stock units provides additional shares to the director.

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 consideration.
• The merger is expected to create a larger, more competitive company, potentially benefiting customers and employees in the long term.

Key Dates